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AEMC.V ·

Alaska Energy Metals Closes Option to Acquire the Bambino Nickel – Copper Property and Commences Exploration Programs ON Its Quebec Properties

Mergers & Acquisitions Property Options & Staking Exploration Programs

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: 24-15

ALASKA ENERGY METALS CLOSES OPTION TO

ACQUIRE THE BAMBINO NICKEL – COPPER PROPERTY

AND COMMENCES EXPLORATION PROGRAMS ON ITS

QUEBEC PROPERTIES

VANCOUVER, BRITISH COLUMBIA, June 5, 2024 – Alaska Energy Metals Corporation (TSX-

V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) is pleased to announce the TSX Venture

Exchange has accepted the transaction announced on May 22, 2024. The Company has

entered into an agreement (the “Option Agreement”), pursuant to which it will be granted an

option to acquire a 100% interest in the 57-claim, 3,320-hectare Bambino nickel – copper

platinum group element property located in the Temiscaming Region of western Quebec.

Under the terms of the Option Agreement the Company has issued 150,000 common shares

to the vendors. The shares are subject to a hold period and may not be traded before

October 4, 2024.

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

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 and the Bambino property which is adjacent to the

Angliers claim block. Today, material sourcing demands excellence in environmental

performance, carbon mitigation and the responsible management of human and financial

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 Closes Option To Acquire

Bambino Claim Block

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Announcement of Marketing

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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: 604-638-3164

Sarah Mawji, Public Relations

Venture Strategies

Email: [email protected]

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

meaning of Canadian securities legislation), including, without limitation, the statements as to

the Company’s intended exploration program on the Angliers and Bambino claims. 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 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

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 Closes Option To Acquire

Bambino Claim Block

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Announcement of Marketing

act Extension and Appointments

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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.