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AEMC.V ·

Alaska Energy Metals Obtains Receipt FOR Short Form Base Shelf Prospectus

Financings

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: 24-11

ALASKA ENERGY METALS OBTAINS RECEIPT FOR

SHORT FORM BASE SHELF PROSPECTUS

Not for distribution to U.S. newswire services or for release, publication, distribution, or

dissemination directly, or indirectly, in whole or in part, in or into the United States

VANCOUVER, BRITISH COLUMBIA, April 22, 2024 – Alaska Energy Metals Corporation (TSX-

V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) today announced that it has obtained

a receipt for its final short form base shelf prospectus (the “Shelf Prospectus”) filed with the

securities commissions in each of the provinces of Canada (except Quebec) and Nunavut.

The filing of the Shelf Prospectus is intended to provide the Company with financing

flexibility. Under the Shelf Prospectus, the Company may issue and sell up to, in the

aggregate, C$50,000,000.00 of common shares, warrants, subscription receipts, units, debt

securities, or any combination thereof, from time to time over a 25-month period that the

Shelf Prospectus remains effective. The specific terms of any future offering of securities (if

any) will be set forth in a prospectus supplement, which will be filed with the applicable

Canadian securities regulatory authorities in connection with any such offering.

Any prospectus supplement filed will contain specific information concerning, among other

matters, the securities to be issued and the use of proceeds from any such issuance. There

is no certainty that any securities will be offered or sold under the Shelf Prospectus and any

prospectus supplement within the 25-month period that it is effective. A copy of the Shelf

Prospectus and copies of any prospectus supplements that may be filed in the future, can

be found under the Company’s SEDAR+ profile at www.sedarplus.ca.

The securities being 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 in the

U.S. or to, or for the account or benefit of, U.S. persons absent registration or an applicable

exemption from the registration requirements. This news release does not constitute an offer to

sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any

jurisdiction in which such offer, solicitation or sale would be unlawful.

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 Obtains Receipt For

Short Form Base Shelf Prospectus

Page 2

Announcement of Marketing

act Extension and Appointments

Page 2

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. Today, material sourci ng demands excellence in

environmental performance, 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: 604-638-3164

Sarah Mawji, Public Relations

Venture Strategies

Email: [email protected]

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 Obtains Receipt For

Short Form Base Shelf Prospectus

Page 3

Announcement of Marketing

act Extension and Appointments

Page 3

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

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

execute further drilling in 2024. 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 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.