Alaska Energy Metals Announces Shares FOR Debt Settlement S

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

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

ALASKA ENERGY METALS ANNOUNCES SHARES FOR DEBT SETTLEMENT S

VANCOUVER, BRITISH COLUMBIA, February 19, 2025 – Alaska Energy Metals Corporation

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

announced today that it has entered into shares for debt agreements to settle debts totaling

$132,328.15 with companies and individuals that have supplied -services to the Company.

The Company will issue a total of 1,202,500 common shares (the “Settlement Shares ”) at a

deemed price of $ 0.11 per Settlement Share following receipt of acceptance of the TSX

Venture Exchange to the debt settlements, representing a slight discount to the total amount

of the subject debt. Of the amount being settled, 272,400 Settlement Shares will be issued

to Non-Arm’s Length Parties (as that term is defined in TSXV Policy 1.1) to settle $30,000 in

debt.

Alaska Energy Metals President and CEO Gregory Beischer commented: “AEMC is sole focused

on advancing the Nikolai multi-critical mineral project in order to timely meet the supply chain

needs of the US domestic economy and national defense. This focus includes seeking strategic

partners and working to secure grant funding through the US Department of Defense. We are

thankful to the service suppliers that are willing to take an equity stake and help the Company

conserve its cash resources.”

The Settlement Shares will be issued subject to prospectus exemptions available pursuant

to Canadian securities law and will be subject to a four-month hold period.

The shares for debt transaction was approved by the Company’s Board of Directors, with

those directors who have agreed to accept Settlement Shares in settlement of a portion of

the amount owed to them by the Company having abstained, and did not require a formal

valuation nor minority shareholder approval pursuant to Multilateral Instrument 61-101.

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

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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

Nikolai Project 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. 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 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:

Gregory A. Beischer, President & CEO

907-677-7479

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

meaning of Canadian securities legislation), including, without limitation, the possibility that the

Company may receive grant funding from the United States Department of Defense, or make an

agreement with strategic investors. 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 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

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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 forwa rd-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.