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Alaska Energy Metals Announces Advisory Committee Changes

Management Changes

ALASKA ENERGY METALS CORP. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8

Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com

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ALASKA ENERGY METALS ANNOUNCES

ADVISORY COMMITTEE CHANGES

VANCOUVER, BRITISH COLUMBIA, July 29, 2024 – Alaska Energy Metals Corporation (TSX-

V: AEMC, OTCQB: AKEMF) (“Alaska Energy Metals”, the “Company”, or “AEMC”) today

announced the reformulation of its Advisory Committee (the ”Committee”). This strategic

decision aligns with Alaska Energy Metals’ ongoing focus and determination to become a

significant domestic source of critical and strategic energy-related metals for North

America.

Alaska Energy Metals President & CEO Gregory Beischer stated: “The new Committee has

great depth in capital markets, finance, U.S. government policy, law, and magmatic nickel

deposit geology. The Committee is a strong resource for the Company’s management team to

draw upon. Paul Matysek will be instrumental with corporate introductions and executing on

strategic partnerships, Clark Penney and Dan McGroarty will assist the AEMC team in efforts to

secure U.S. Government support consistent with the Company’s strategic and critical minerals

development. To assist in the continuity of Audit and Compensation Committee matters, ex-

Directors Larry Cooper and Peter Chilibeck will remain with the Company as advisors. Larry

Hulbert and Alex Steiner have been providing excellent technical advice since Alaska Energy

Metals formed last year and will continue with the Committee. Having been elected as an

independent member of the Company’s Board of Directors at the recent Annual General Meeting

of shareholders, Tyron Breytenbach has stepped off the Advisory Committee.”

Following are brief background summaries of the Committee members:

Paul Matysek: Mr. Matysek is a 30-year veteran of the mineral resource public markets.

Paul is well-known as a strategic mineral resource developer and prolific deal maker. He is

the Executive Chairman for a number of companies including Nano One Materials Corp

(TSE: NANO) and LithiumBank Resources Corp. (TSX-V: LBNK).

ALASKA ENERGY METALS CORP. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8

Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com

AEMC Announces

Advisory Board Changes

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Announcement of Marketing

act Extension and Appointments

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Clark Penney: Mr. Penney is co-founder and Partner of Cypress Wealth Services, an Alaska

and California-based wealth management firm with over $1 billion in assets under

management. He serves as President of Penney Capital Inc., a consultancy that focuses on

economic and business development for both the public and private sector.

Dan McGroarty: Mr. McGroarty advises companies in the resource sector, with a focus on

strategic and critical materials and supply chains. A recognized subject-matter expert, Mr.

McGroarty has provided testimony to the U.S. Senate and House of Representatives. Mr.

McGroarty has served on the U.S. Department of Energy’s Critical Materials Institute’s

Independent Advisory Board, held a presidential appointment at the Department of

Defense, and served at the White House as Special Assistant to the President.

Peter Chilibeck: Mr. Chilibeck is an attorney that served for Falconbridge Limited, Northern

Telecom Limited, and IMAX Corporation. As Managing Director and Senior Vice President &

General Counsel of Llewellin Capital, Inc. he has practiced securities law, and played a key

role in numerous financings, mergers and acquisitions.

Larry Cooper: Larry Cooper is a finance executive with deep roots and experience in

commercial banking with the National Bank of Alaska and Wells Fargo and has held key

corporate finance roles, particularly with Alaska Native Corporations.

Larry Hulbert: Dr. Hulbert is an internationally recognized expert in the metallogeny of

mafic-ultramafic rocks and the platinum-group element and nickel-copper sulfide deposits

that occur in them. Previously, he was Senior Research Scientist with the Geological Survey

of Canada and has extensive industry experience, including working directly on the

Company’s Nikolai project for over 10 years.

Alex Steiner: Dr. Steiner has more than ten years of industry and academic experience

exploring magmatic nickel-copper-platinum deposits and studying the petrology of large

mafic magmatic systems. He is currently a Senior Geologist with Big Rock Exploration in

Minnesota.

ALASKA ENERGY METALS CORP. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8

Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com

AEMC Announces

Advisory Board Changes

Page 3

Announcement of Marketing

act Extension and Appointments

Page 3

About Alaska Energy Metals

Alaska Energy Metals Corporation is an Alaska-based corporation with offices in Anchorage

and Vancouver working to sustainably deliver the critical materials needed for national

security and a bright energy future, while generating superior returns for shareholders.

AEMC is focused on delineating and developing the large-scale, bulk tonnage, polymetallic

Eureka deposit containing nickel, copper, cobalt, chromium, iron, platinum, palladium, and

gold. Located in Interior Alaska near existing transportation and power infrastructure, its

flagship project, Nikolai, is well-situated to become a significant domestic source of

strategic energy-related metals for North America. AEMC also holds a secondary project,

‘Angliers-Belleterre,’ in western Quebec. Today, material sourcing demands excellence in

environmental performance, carbon mitigation, and the responsible management of

human and financial capital. AEMC works every day to earn and maintain the respect and

confidence of the public and believes that ESG performance is measured by action and led

from the top.

ON BEHALF OF THE BOARD

“Gregory Beischer”

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:

Sarah Mawji, Public Relations

Venture Strategies

Email: [email protected]

Forward-Looking Statements

Some statements in this news release may contain forward-looking information (within the

meaning of Canadian securities legislation). These statements address future events and

conditions and, as such, involve known and unknown risks, uncertainties, and other factors

which may cause the actual results, performance, or achievements to be materially different

from any future results, performance, or achievements expressed or implied by the statements.

Forward-looking statements speak only as of the date those statements are made. Although the

Company believes the expectations expressed in such forward-looking statements are based on

ALASKA ENERGY METALS CORP. | Suite 1000 – 355 Burrard St. | Vancouver, BC V6C 2G8

Tel: 604 638 3164 | Fax: 907 677 3599 | www.alaskaenergymetals.com

AEMC Announces

Advisory Board Changes

Page 4

Announcement of Marketing

act Extension and Appointments

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reasonable assumptions, such statements are not guaranteeing of future performance and

actual results may differ materially from those in the forward-looking statements. Factors that

could cause the actual results to differ materially from those in forward-looking statements

include regulatory actions, market prices, and continued availability of capital and financing,

and general economic, market or business conditions. Investors are cautioned that any such

statements are not guarantees of future performance and actual results or developments may

differ materially from those projected in the forward-looking statements. Forward-looking

statements are based on the beliefs, estimates and opinions of the Company's management on

the date the statements are made. Except as required by applicable law, the Company assumes

no obligation to update or to publicly announce the results of any change to any forward-

looking statement contained or incorporated by reference herein to reflect actual results, future

events or developments, changes in assumptions, or changes in other factors affecting the

forward-looking statements. If the Company updates any forward-looking statement(s), no

inference should be drawn that it will make additional updates with respect to those or other

forward-looking statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is

defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy

or accuracy of this release.