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AEMC.V ·

Alaska Energy Metals Announces Drilling Program FOR the Mcbride Prospect, Angliers- Belleterre Project, Quebec, Canada

Exploration Programs

ALASKA ENERGY METALS CORP. | Suite 300 – 1055 West Hastings St. | Vancouver, BC V6E 2E9

Direct: 604 609 7149 | Toll-Free: 877 217 8978 | www.alaskaenergymetals.com

NR: 26-09

ALASKA ENERGY METALS ANNOUNCES DRILLING

PROGRAM FOR THE MCBRIDE PROSPECT, ANGLIERS-

BELLETERRE PROJECT, QUEBEC, CANADA

HIGHLIGHTS:

• Planned core drilling program (8 holes - 2,125 meters) to test the McBride prospect

where copper-nickel-iron sulfide showings at surface are underlain by coincident

electromagnetic – magnetic geophysical and geochemical anomalies.

• Authorization for impact-causing exploration work (ATI) permit has been received.

• Drill crew is expected to mobilize in mid-August 2026.

VANCOUVER, BRITISH COLUMBIA, August 10, 2026– Alaska Energy Metals Corporation

(TSX-V: AEMC, OTCQB: AKEMF) (“Alaska Energy Metals” or the “Company”) is pleased to

announce that it has completed planning for a core drilling program to test geological –

geophysical – geochemical targets at the McBride prospect, that forms part of its Angliers

Project in Quebec, Canada. The Company’s geochemical - geophysical results and historical

drill results for the McBride Prospect were released in a press release dated January 21,

2025. The core drilling program includes plans for eight holes for a total of 2,125 meters.

Authorization for impact-causing exploration work (ATI) permit has been received from the

Ministry of Natural Resources and Forestry. The drilling is anticipated to start in mid-

August.

In 2024, AEMC completed a 200x100m grid surface soil sampling and prospecting program

over the McBride Prospect. Multiple anomalous zones of copper, zinc, nickel, silver, and

gold have been revealed that correspond to a series of Versatile Time Domain

Electromagnetic (“VTEM”) anomalies that align within an east-west trending zone. Several

significant anomalous rock samples containing magmatic sulfides collected in 2024 include:

Sample 135040: Massive sulfides (pyrrhotite, pyrite and minor chalcopyrite) – 302 ppm

copper, 153 ppm zinc, 1.02 ppm silver and 0.5 ppb gold

Sample 135042: Silicified with sulfides (pyrite and chalcopyrite in blebs and stringers) – 1287

ppm copper, 2433 ppm nickel, 260 ppm zinc, 522 ppm cobalt, 0.63 ppm silver, and 2.0

ppb gold

ALASKA ENERGY METALS CORP. | Suite 300 – 1055 West Hastings St. | Vancouver, BC V6E 2E9

Direct: 604 609 7149 | Toll-Free: 877 217 8978 | www.alaskaenergymetals.com

Angliers Drilling

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VTEM surveys conducted by the Company in 2024 identified strong, low-resistivity and

conductive zones immediately beneath sulfide and banded iron formation occurrences.

Interpreted banded iron formations show a sharp, narrow increase in magnetic response

in the VTEM survey. In locations of surficial massive sulfide samples, a broad magnetic

response is encountered prior to the sharp, narrow increase in magnetic response from

the banded iron formation. It is hypothesized that the conductive zone and broad

magnetic response may be caused by copper-nickel sulfides adjacent to the banded iron

formations in an underexplored VMS stratigraphic setting. Multiple drill holes are planned

to test for massive sulfide mineralization along these anomalies, shown in Figure 2.

Figure 1. 2026 McBride Prospect Drill Program. Note: Historic drill collar locations have not

been verified in the field and data from these holes and trenches is reliant on Quebec

Assessment Report GM20938 and GM22119.

ALASKA ENERGY METALS CORP. | Suite 300 – 1055 West Hastings St. | Vancouver, BC V6E 2E9

Direct: 604 609 7149 | Toll-Free: 877 217 8978 | www.alaskaenergymetals.com

Angliers Drilling

Page 3

SAMPLING AND ANALYTICAL PROCEDURES

The rock sample results mentioned in this press release were collected and analyzed

according to the procedures summarized below. Rock sample locations were recorded

with Android rugged smart phones running Q-Field data collection software in map datum

UTM WGS84 Zone 17N. Each sample was photographed and placed in a plastic bag with a

uniquely numbered tag. The bag was then sealed with a plastic tie-wrap. Blanks and

standards were inserted at regular intervals for QAQC purposes. Up to ten samples were

placed in rice bags, sealed with numbered tamper proof tie wraps and then delivered in

person to Manitoulin Transport in New Liskeard, Ontario from where they were

transported to SGS Laboratory (“SGS”) in Lakefield, Ontario.

At SGS, the rock samples were dried at 105°C, crushed to 75% passing 2 mm and then riffle

split to a 250g sub-sample that was pulverized to pulps 85% passing 75 microns (SGS Code

PRP89). The rock pulps were analyzed for 49 elements by 25-gram 2-acid Aqua Regia

digestion ICP-MS analysis (SGS Code GE_ARM3V25). SGS is independent of the Company

and accredited under ISO/IEC 17025 registration.

BAMBINO OPTION

Previously, AEMC executed an option to purchase agreement with local prospectors. The

Bambino claim block formed a portion of the Angliers-Belleterre project. After reviewing

geochemical and geophysical survey results, the Company elected to withdraw from the

agreement.

QUALIFIED PERSON

Mark Fekete, of Breakaway Exploration Management inc. (”Breakaway”), a registered

Professional Geologist Quebec and a Qualified Person as defined by National Instrument

43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the

technical disclosure in this news release. Breakaway has been executing exploration work

on behalf of and under the supervisions of AEMC and will be conducting the planned

drilling program at the McBride prospect.

Gregory Beischer, AEMC President & CEO has also reviewed and approved the technical

disclosure in this press release. Mr. Beischer is a registered professional geologist (#10505)

with the American Institute of Professional Geologists.

ALASKA ENERGY METALS CORP. | Suite 300 – 1055 West Hastings St. | Vancouver, BC V6E 2E9

Direct: 604 609 7149 | Toll-Free: 877 217 8978 | www.alaskaenergymetals.com

Angliers Drilling

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

ABOUT ALASKA ENERGY METALS

Alaska Energy Metals Corporation (AEMC) is an Alaska -based corporation with offices in

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

U.S. national security and a bright energy future, all while generating superior returns for

shareholders.

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

Nikolai Project and related 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 metals for North America. In January 2026, AEMC’s Nikolai

Project was accepted for Fast -41 Transparency Dashboard listing to streamline federal

permitting for overland access and man camp placement for the next phase of Eureka

deposit drilling. AEMC also holds a secondary project in western Quebec; the Angliers –

Belleterre project. Today, material sourcing demands excellence in environmental

performance, technological innovation, 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 environmental, social and governance

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:

Gregory A. Beischer, President & CEO

Toll-Free: 877-217-8978 | Local: 604-609-7149

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

meaning of Canadian securities legislation), including, without limitation, the execution of a

drilling program consisting of eight drill holes at the Company’s Angliers project. These

statements address future events and conditions and, as such, involve known and unknown

ALASKA ENERGY METALS CORP. | Suite 300 – 1055 West Hastings St. | Vancouver, BC V6E 2E9

Direct: 604 609 7149 | Toll-Free: 877 217 8978 | www.alaskaenergymetals.com

Angliers Drilling

Page 5

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 reasonable assumptions, such statements do not

guarantee 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 but are not limited to uncertainty relating to the

estimation of mineral resources, 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.