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AJN Commences RC Drilling at Manono Northeast Project

Exploration Programs

AJN Resources Inc.

+44 7496 291 547

CSE: AJN, Frankfurt: 5AT

[email protected]

Suite 1400 - 1199 West Hastings St,

Vancouver BC V6E 3T5

Page 1

ajnresources.com

CSE: NEWS RELEASE 30/05/24

AJN Resources Inc. Announces Commencement of RC Drilling at its

Manono Northeast Project, Tanganyika Province, DRC.

Vancouver, BC, May 30, 2024: AJN Resources Inc. (CSE: AJN) (Frankfurt: 5AT) (AJN or the Company)

is pleased to announce that the Company has commenced reverse circulation (RC) drilling on its

Manono Northeast Project (PR 15282). Hub Drilling Limited, a South African based drilling company,

has been contracted to follow up on drilling data received from the ongoing percussion drilling

programme.

The percussion drilling programme identified three zones of alluvial sediment adjacent to the granite

contact zones, which are interpreted to overlie the continuation of the Manono pegmatites onto PR

15282. These target zones were identified along two section lines as shown in Figure 1 and will be

tested across the full 7km extent of the property including samples with anomalous lithium and tin,

which were identified in the southern portion of PR 15232. The RC drilling programme will be revised

once the Company has a better understanding of the distribution of lithium bearing pegmatites

within the licence area. The Company intends to give regular updates with respect to the progress

of the RC drilling and commencement of the diamond drilling programme on the project area.

The percussion drilling further confirmed that the PR 14537 property, which borders PR 15282, is

underlain by granite and has no economic potential. The company has since withdrawn its interest

and will not continue exploring on this licence.

Figure 1: Percussion Holes Drilled to Date and Position of the First Line of RC Drilling. Note the

Interpreted Continuation of Pegmatites and RC Drill T argets in close Proximity to the Granite

Contact and Results of Stream Sediment Samples.

AJN News Release

30/05/24

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CEO and President Klaus Eckhof commented: “We are extremely excited to commence this next phase

of our exploration programme at the Manono Northeast Project. The RC drilling will allow us to better

understand the geological structures and potential mineralisation at deeper levels within our licence

area. Our initial percussion drilling has provided valuable insights, and we look forward to expanding

on this knowledge with more detailed drilling, sampling and analysis.”

Figure 2: Photo of the RC Drill Rig on the Manono Northeast Project.

Manono Northeast Project

To d a t e t h e C o m p a n y h a s c a r r i e d o u t n u m e r o u s p i t t i n g a n d s t r e a m s e d i m e n t s a m p l i n g p r o g r a m m e s

at its Manono Northeast Project, which have led to the identification of tin mineralization and grades

of up to 400ppm lithium (Li). Percussion drilling has covered a further 5km across the project area

and has identified the interpreted continuation of the Manono pegmatites onto PR15282 as shown

in Figure 1. These strong results highlight the potential for the lithium –caesium–tantalum (LCT)

pegmatites that were found at the nearby Manono project to continue onto the Manono Northeast

Project. The Company notes that the northernmost trench at the Manono project, which was

announced to have intersected near surface lithium bearing pegmatites, is located only 7 km to the

southwest of the Manono Northeast Project boundary.

AJN News Release

30/05/24

Page 3

QP Statement

Mr Stephen Alan Mawson is a consultant of AJN Resources Inc. and a qualified geologist. Mr Mawson

is a registered Professional Natural Scientist (Geological Science) with the South African Council for

Natural Scientific Professions (SACNASP Reg. No. 400074/03) and a member of the Geological

Society of South Africa. Mr Mawson is a qualified person (QP) under NI 43-101 and has reviewed and

approved the scientific and technical information contained in this news release.

About AJN Resources Inc.

AJN is a junior exploration company. AJN’s management and directors possess over 75 years of

collective industry experience and have been very successful in the areas of exploration, financing

and developing major mines throughout the world, with a focus on Africa, especially the Democratic

Republic of the Congo.

For further information, please contact Investor Relations:

Sheena Eckhof

Director, Investor Relations

[email protected]

Visit us at www.ajnresources.com

Te l : + 4 4 7 4 9 6 2 9 1 5 4 7

On Behalf of the Board of Directors

Klaus Eckhof

CEO and President

[email protected]

Cau:onary Note Regarding Forward-Looking Statements

The information in this news release may include certain information and statements about

management’s view of future events, expectations, plans and prospects that may constitute forward-

looking statements. Forward-looking statements are based upon assumptions that are subject to

significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety

of factors, the actual results, expectations, achievements or performance may differ materially from

those anticipated and indicated by these forward-looking statements. Although AJN Resources Inc.

believes that the expectations reflected in forward-looking statements are reasonable, it can give no

assurances that the expectations of any forward-looking statements will prove to be correct. Except

as required by law, AJN Resources Inc. disclaims any intention and assumes no obligation to update

or revise any forward-looking statements to reflect actual results, whether as a result of new

information, future events, changes in assumptions, changes in factors affecting such forward -

looking statements or otherwise.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in

the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy

of this release.

Not for distribution to United States newswire services or for dissemination in the United States.