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AE Fuels Appoints Jason Tong as Chief Financial Officer

Corporate Updates

AE Fuels Appoints Jason Tong as Chief

Financial Officer

Vancouver, British Columbia--(Newsfile Corp. - August 14, 2026) -

AE Fuels Corporation

(TSXV:

AEF) (OTCQB: NRGFF) ("

AEF

" or the "

Company

") is pleased to announce the appointment of Jason

Tong, CPA, CA, CFA as Chief Financial Officer ("

CFO"

), effective August 14, 2026, following the

resignation of Jack Cartmel from the position.

Mr. Tong brings more than 15 years of experience working with publicly listed companies across the

TSX, TSXV and Nasdaq exchanges, serving in senior financial leadership and advisory roles across the

mining, finance and venture capital sectors. He previously served as Chief Financial Officer of Pathway

Capital Ltd., a venture capital firm managing a portfolio of early-stage companies with market

capitalizations ranging from approximately $5 million to $100 million. Earlier in his career, Mr. Tong

worked as a senior auditor with Deloitte & Touche LLP.

Mr. Tong holds both the Chartered Professional Accountant (CPA, CA) designation and the Chartered

Financial Analyst (CFA) charter.

In conjunction with Mr. Tong's appointment, Catapult Consulting Corp., of which Mr. Tong is founder and

CEO, will provide accounting and financial reporting services to the Company. Catapult provides CFO,

accounting, financial reporting and corporate advisory services to private and publicly traded

companies.

Gary Lewis, Chief Executive Officer of AE Fuels, commented: "Jason brings considerable public-

company, financial reporting and capital markets experience to AE Fuels. As our activities continue to

grow, we want to ensure that our finance and accounting capabilities grow with them. Jason's

experience, together with the broader resources available through Catapult, provides us with the depth

and capability to support the Company through its next stage of development."

The Company thanks Mr. Cartmel for his service and wishes him well in his future endeavours.

This press release is approved by the board of directors of the Company:

About AE Fuels Corporation

AE Fuels Corporation (TSXV: AEF) (OTCQB: NRGFF) is a US-aligned, critical minerals company

focused on battery-grade manganese and fluorspar-hydrofluoric acid (HF) supply chains. The

Company's strategy connects allied-country manganese supply (Pilbara, Western Australia) and

domestic US fluorspar supply (New Mexico, USA) with US midstream processing and downstream

supply chains. Manganese and fluorspar are designated critical minerals in the US, Australia and EU,

and essential to multiple high-growth industries including battery materials, semiconductor fabrication

and advanced electronics, nuclear fuel processing and clean energy technologies. AEF is advancing

development activities aimed at delivering reliable, allied-sourced supply of these materials to reduce

foreign dependency and strengthen US industrial base resilience across these key industries.

For further information please contact:

Gary Lewis, CEO and Director

T

+61 422 880 055

E

[email protected]

W

www.aefuels.com

Susan Assadi, Public Affairs

T

+1 347 977 7125

E

[email protected]

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the

TSXV) accepts responsibility for the adequacy or accuracy of this press release.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/309623