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Alaska Energy Metals Investor Relations Agreement

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: 23-19

ALASKA ENERGY METALS

INVESTOR RELATIONS AGREEMENT

VANCOUVER, BRITISH COLUMBIA, November 22, 2023 – Alaska Energy Metals

Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or “the Company”) reports that

further to its news release of November 6, 2023, that the TSX Venture Exchange has

approved its engagement of Gold Standard Media, LLC (“Gold Standard”) to provide

certain financial publishing and digital marketing services for a 90-day term in

consideration for a cash payment of USD$150,000 and its engagement of Commodity

Partners Inc. (“Commodity Partners”) to provide certain financial advisory services for an

initial period of 12 months for a fee of CAD$9,000 per month.

Certain affiliates and parties related to Gold Standard currently own 1,000,000 shares of

the Company and in connection with the Company’s previously announced proposed

acquisition of 1413336 B.C. Ltd., certain affiliates of Gold Standard will acquire an

additional 4,081,082 shares and 540,541 share purchase warrants in the Company (each a

“Warrant”). Each Warrant shall be exercisable for a period of 2 years of the date of

issuance to acquire one additional common share for $0.80. 1,081,082 shares shall be

subject to a 60-day escrow period and the remaining 3,000,000 shares owned by Gold

Standard affiliates shall be subject to 3-year escrow release schedule with 10% of the

escrowed securities being releasable on closing of the 1413336 B.C. Ltd. acquisition, and

15% of the escrowed securities being releasable every six (6) months thereafter, on each of

the 6, 12, 18, 24, 30 and 36 month anniversaries of closing.

Additionally, Commodity Partners who currently own 407,110 shares and 300,000 stock

options of the Company, shall acquire an additional 290,000 shares and 145,000 Warrants

in connection with the acquisition of 1413336 B.C Ltd. On closing of the acquisition of

1413336 B.C. Ltd., certain affiliates to Commodity Partners shall also acquire an additional

7,372,974 shares and 686,486 share purchase warrants in the Company. 1,662,973 shares

shall be subject to a 60-day escrow period and the remaining 6,000,001 shares owned by

Commodity Partners and its affiliates shall be subject to 3-year escrow release schedule

with 10% of the escrowed securities being releasable on closing of the 1413336 B.C. Ltd.

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

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

Alaska Energy Metals Announces

Marketing Campaign

Page 2

acquisition, and 15% of the escrowed securities being releasable every six (6) months

thereafter, on each of the 6, 12, 18, 24, 30 and 36 month anniversaries of closing.

For more information about the Company’s proposed acquisition of 1413336 B.C. Ltd. and

its engagement of Gold Standard, please refer to the Company’s news releases dated

September 21st, and November 6th, 2023.

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 Interior Alaska near existing transportation and power

infrastructure, the project is well-situated to become a significant, domestic source of

critical and strategic energy-related metals.

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) closing of the

proposed transaction with 1413336 B.C. Ltd. 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.

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

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

Alaska Energy Metals Announces

Marketing Campaign

Page 3

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 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.