Alaska Energy Metals Announces Shares For Debt Transaction And ATM Program Update

Alaska Energy Metals Announces Shares For Debt Transaction

And ATM Program Update

- NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH U.S. NEWSWIRE

SERVICES -

VANCOUVER, BC / ACCESS Newswire / October 9, 2025 / Alaska Energy Metals

Corporation (TSX-V:AEMC)(OTCQB:AKEMF) ("AEMC" or the "Company") announces that it

has entered into debt settlement agreements (the "Settlement Agreements") with certain

insiders of the Company (the "Creditors") to settle an aggregate of $95,200 in debt (the

"Debt") for services provided by the Creditors to the Company (the "Services"). In

settlement and full satisfaction of the Debt in connection with the Services, the Company

has agreed to issue to the Creditors an aggregate of 952,000 common shares in the capital

of the Company (the "Debt Shares") at a deemed issue price of $0.10 per Debt Share (the

"Debt Settlement").

The issuance of the Debt Shares is subject to receipt of TSX Venture Exchange ("TSX-V")

approval. All Debt Shares issued in connection with the Debt Settlement are subject to a

statutory hold period of four months plus a day from the date of issuance of the Debt

Shares in accordance with applicable securities legislation.

The issuance of the Debt Shares to the Creditors constitutes a related party transaction

within the meaning of Multilateral Instrument 61-101 - Protection of Minority Security

Holders in Special Transaction ("MI 61-101") as the Creditors are directors and/or officers

of the Company. The Company is relying on the exemptions from the formal valuation and

minority shareholder approval requirements of MI 61-101 contained in sections 5.5(b) and

5.7(1)(a) of MI 61-101, as the Company is not listed on a specified market and the fair

market value of the Debt Shares issued to the Creditors does not exceed 25% of the market

capitalization of the Company in accordance with MI 61-101.

The securities referred to in this news release have not been, nor will they be, registered

under the United States Securities Act of 1933, as amended, and may not be offered or

sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S.

registration or an applicable exemption from the U.S. registration requirements. This news

release does not constitute an offer for sale of securities for sale, nor a solicitation for

offers to buy any securities.

At-the-Market Program Update

The Company also announces that during the fiscal quarter ending September 30, 2025 it

has issued a total of 2,249,500 AEMC common shares (each a "Share") on the TSX-V at an

average price of $0.0906 per Share under its at-the-market equity program launched in

February 2025. The sales provided gross proceeds of $203,852.50. Aggregate commissions

of $6,844.43 was paid to Haywood Securities Inc. in relation to the distributions. Proceeds

are being used for ongoing metallurgical studies, an options assessment for mining

scenarios, and for general corporate purposes. The Company plans to continue with its at-

the-market equity program in the fourth quarter of 2025.

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

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

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 statements

relating to the closing of the Debt Settlement as anticipated or at all, the TSX-V's approval of

the Debt Settlement, and the Company's intention to continue with its at - the - Market

equity program and use of proceeds from this program. 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 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.

SOURCE: Alaska Energy Metals Corporation