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Alaska Energy Metals Announces Commencement of Marketing and Investor Awareness Program and New Engagements

Marketing Announcement

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

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

NR: 24-03

ALASKA ENERGY METALS ANNOUNCES

COMMENCEMENT OF MARKETING AND

INVESTOR AWARENESS PROGRAM

AND NEW ENGAGEMENTS

VANCOUVER, BRITISH COLUMBIA, January 2 3, 2024 – Alaska Energy Metals Corporation

(TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) is pleased to announce that it has

entered into additional investor awareness and marketing agreements with a total of five

vendors to deliver a comprehensive program that will begin in Q1 2024.

Further to the Company’s news release dated November 6, 2023, and subject to acceptance

by the TSX Venture Exchange (the “ Exchange”), it has engaged the marketing services of

Market Radius Capital Inc. (“ Market Radius”), InvestorIdeas.com DBA Econ Corp Services

(“Investorideas.com”), and Triomphe Holdings Ltd. dba Capital Analytica (“ Capital

Analytica”). Further to the Company’s news releases dated July 6 , 2023 and December 8,

2023, it has renewed its Marketing Services Contract with MMG Market Medium GmbH & Co.

KG. (“ MMG”) for an additional six (6) month term and further to news releases dated

November 6 and 22, 2023, it has renewed its engagement with Gold Standard Media, LLC

(“Gold Standard”) for an additional 90 -day term. This news release is made in accordance

with requirements of the TSX Ventu re Exchange Policy 3.4 – Investor Relations, Promotional

and Market Making Activities. Funding for this comprehensive program comes from the

proceeds of equity financings carried out in Summer 2023.

Alaska Energy Metals Corporation President & CEO Gregory Beischer commented: “Our

previously announced marketing program has now been fully approved. Marketing efforts we had

hoped to start in Fall 2023 are just now beginning, and with the additional services mentioned in

this press release, we are now finally ready to work in earnest to raise market and brand

awareness of Alaska Energy Metals. The objectives of our comprehensive strategy are to create

effective capital market awareness, increase investor engagement, and allow us to connect with

existing and new shareholders during what we anticipate will be a very active time for us.”

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

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

Commencement of Marketing

And Investor Awareness Program

and New Engagements

Page 2

Market Radius: The Company has retained Market Radius to provide video content on

behalf of the Company. The term of this agreement will end when the video content has

been completed or within 18 months, whichever is earlier. As compensation for the

engagement, the Company will pay Market Radius an upfront fee of CAD $3,000 plus GST.

Market Radius is a British Columbia-based company headed by Martin Gagel. As of the date

hereof, to the Company's knowledge, Market Radius (including its directors and officers )

does not own any securities of the Company and has an arm’s length relationship with the

Company. The Company will not issue any securities to Market Radius as compensation for

its marketing services.

InvestorIdeas.com: The Company has retained InvestorIdeas.com to provide marketing

services, including industry articles, feature interviews, and social media awareness.

InvestorIdeas.com’s engagement shall run for a three (3) month term. As compensation for

the engagement, the Company will compensate InvestorIdeas.com with an upfront fee of

CAD $12,000 plus GST. InvestorIdeas.com is based out of Delta, British Columbia and is

headed by Dawn Van Zant and Cali Van Zant. As of the date hereof, to the Company's

knowledge, InvestorIdeas.com (incl uding its directors and officers) does not own any

securities of the Company and has an arm’s length relationship with the Company. The

Company will not issue any securities to InvestorIdeas. com as compensation for its

marketing services.

Capital Analytica: The Company has retained Capital Analytica to provide certain marketing

services, including but not limited to corporate video dissemination, social media

consultation, and the dissemination of Company news releases. The term of Capital

Analytica’s engagement shall be for an initial term of six (6) months with the possibility of

renewing for an additional six- month term on the same terms as the initial term. In

consideration of the engagement, the Company has compensated Capital Analytica with a

fee of CAD $60,000 plus GST, which was paid upfront. Capital Analytica is a British Columbia-

based company headed by Jeff French. As of the date hereof, to the Company's knowledge,

Capital Analytica (including its directors and officers) does not own any securities of the

Company and has an arm’s length relationship with the Company. The Company will no t

issue any securities to Capital Analytica as compensation for its marketing services.

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

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

Commencement of Marketing

And Investor Awareness Program

and New Engagements

Page 3

MMG: The Company has renewed its previously announced Marketing Services Contract

with MMG for an additional term of six (6) months commencing on approximately January

20, 2024 (the “ Extended MMG Term”). The Company will provide MMG a marketing

expenditure budget of €150,000 (approximately CAD$219,555), of which MMG shall retain a

service fee for the Extended MMG Term of 15% of the total marketing expenditure budget

(approximately €22,500 or CAD$32,933). MMG is a service provider in the field of online

marketing and investor relations services specializing in the European market and is based

in Germany. During the Extended MMG Term, MMG will provide German -translated text

materials, including text and display advertisements, advertorials with Company-provided

publicly disclosed information, and general information on the nickel and battery metals

sector. The firm will create specialized and structured campaigns and ad groups, optimize

online advertising for detailed keyword research, and identify possible target g roups of

potential shareholders. For more information about the Company’s engagement of MMG,

please refer to its news releases dated July 6 and December 8, 2023.

As of the date hereof, to the Company's knowledge, MMG (including its directors and officers)

does not own any securities of the Company and has an arm’s length relationship with the

Company. The Company will not issue any securities to Market Radius as compensation for

its marketing service.

Gold Standard Media : The Company has renewed its previously announced Advertising

Agreement with Gold Standard for an additional term of 90 days commencing on

approximately January 31, 2024 (the “Extended Gold Standard Term”). In consideration of

the extension of Gold Standard’s services through the Extended Gold Standard Term, AEMC

shall pay Gold Standard an upfront fee of USD$150,000, which is the equivalent of

approximately CAD$202,000. Gold Standard Media is a Texas-based firm headed by Kenneth

Ameduri, Juliet Ameduri, and Lior Gantz and shall provide the Company with certain financial

publishing and digital marketing services. The Company has the right to cancel the Extended

Gold Standard Term at any time. Gold Standard operates at an arm’s length from the

Company and the Company will not issue any securities to Gold Standard Media as

compensation for its marketing services. Certain affiliates and parties related to Gold

Standard currently own 5,081,082 shares of the Company and 540,541 share purchase

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

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

Commencement of Marketing

And Investor Awareness Program

and New Engagements

Page 4

warrants in the Company (each a “Warrant ”). Each Warrant is exercisable to acquire one

additional share of the Company for an exercise price of $0.80 until November 24, 2025.

For additional information, visit: https://alaskaenergymetals.com/

About Alaska Energy Metals

Alaska Energy Metals Corporation is focused on delineating and developing a large

polymetallic exploration target containing nickel, copper, cobalt, chrome, iron, platinum,

palladium, and gold. Located in the interior of Alaska, the Nikolai Nickel project is located

near existing transportation and power infrastructure. The project is well-situated to

become a significant, domestic source of critical and strategic energy-related metals for the

American market. The Company is also exploring the Angliers-Belleterre Nickel project in

Quebec.

ON BEHALF OF THE BOARD

“Gregory Beischer”

Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:

Gregory A. Beischer, President & CEO

Toll-Free: 877-217-8978 | Local: 604-638-3164

Sarah Mawji, Public Relations

Final Edit Media and Public Relations

Email: [email protected]

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

meaning of Canadian securities legislation), including, without limitation, that (a) AEMC will obtain

TSX-V approval for the marketing and investor awareness engagements (b) the terms and timelines

of the second round of the investor awareness campaign will proceed as originally contemplated.

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

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

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

Commencement of Marketing

And Investor Awareness Program

and New Engagements

Page 5

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 reasonable assumptions, such st atements are not

guarantees 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 the TSX Venture Exchange nor its Regulation Services Provider (as that term is

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

or accuracy of this press release.