AJN Provides Update on Okote Gold Project Exploration
AJN Resources Inc.
+44 7496 291 547
CSE: AJN, Frankfurt: 5AT
Suite 1400 - 1199 West Hastings St,
Vancouver BC V6E 3T5
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ajnresources.com
CSE: NEWS RELEASE
22/09/25
AJN Resources Inc. Provides an Update on the Okote Gold Project in
the Adola Gold Belt of the Renowned Arabian-Nubian Shield in
Oromia State, southern Ethiopia
Vancouver, BC, September 22, 2025: AJN Resources Inc. (CSE: AJN) (Frankfurt: 5AT) (AJN or the
Company) is pleased to announce that field work including mapping and sampling has commenced
on the Okote Gold Project which is located within 100km of the c4.5Moz Lega Dembi Gold Mine, the
largest gold producer in Ethiopia. A total of six hundred samples were collected from various trenches
excavated for structural information in the previously drilled area, as well as from trenches across
new artisanal workings located to the east and north of the area. These samples were sent to ALS
Global’s laboratory in Addis Ababa for sample preparation and subsequent analysis in Ireland. Godu
General Trading S.C. (Godu), the owners of the Okote licence have made all introductions to the local
government and have been assured of full support in developing the Okote Project. The Company
has also engaged Mining and Drill Systems (MDS) of South Africa to conduct a minimum of 1,500m
of diamond drilling as per the agreement signed with Godu. MDS are scheduled to mobilize on the
22nd of September 2025 and expect to be on site within 3 weeks.
Highlights
• Mapping and sampling of all new artisanal workings, which cover 3,000m x 500m, is ongoing
to identify priority areas for the 1,500m due diligence diamond drilling programme.
• 600 trench and grab samples submitted to ALS Global for analysis.
• Logging of historical drill core stored in Addis Ababa completed.
• All newly acquired data will be incorporated into the database to optimise planning of the
1,500m due diligence drilling programme.
• In-house resource work is ongoing.
CEO and President Klaus Eckhof commented: “We are extremely pleased to have boots on the ground
now that all political formalities have been cleared and our due diligence work is ongoing on the Okote
Gold Project. Our experienced geological team will be focusing on mapping and sampling the extensive
artisanal workings exposed over 3km where there has been no previous exploration. We eagerly await
results from trench and grab samples which cover 3km of untested artisanal workings to the east of the
area that has been drilled. We now have a month to map and sample all exposures including the area
which has been covered by drilling and work out the optimum drilling programme to ensure that results
support continuation of the Okote Gold Project.”
AJN News Release
22/09/25
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Trenching on the Okote Gold Project
Figure 1: Historic drill hole, trench (green bars) and rock chip (black triangles) samples on
exposed geology.
549 channel samples were collected from 18 trenches (green squares) and 62 grab samples (black
triangles) were collected from mineralised exposures in artisanal workings. Majority of trenches
and rock chip samples covered the eastern portion which has not been drilled and covers a
potential strike length of c3km. All samples have been submitted for sample preparation at ALS
Global in Addis Ababa and analysis at the accredited ALS laboratory in Ireland.
Geology of the Okote Gold Project
Mineralisation at Okote is typically within quartz vein and stringer systems associated with pyrite
stringers and disseminated pyrite. These vein systems are hosted within broad N-S to NNE-SSW
trending shear zones which dip steeply to the west and exceed 50m in width. Mineralised shears
have also been identified in areas of strong contrast in rock competence identified along the
contact zones between intrusives and schist units.
Small intrusive bodies of diorite, gabbro, and granite sills are also important features with
potential to host significant mineralisation.
AJN News Release
22/09/25
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QP Statement
Mr. Dylan le Roux (BSc Hons) is an independent consultant of AJN Resources Inc. and a qualified
geologist. Mr. le Roux is a registered Professional Natural Scientist (Geological Science) with the
South African Council for Natural Scientific Professions (SACNASP Reg. No. 155814). Mr. le Roux is a
qualified person (QP) under NI 43-101 and has reviewed and approved the scientific and technical
information contained in this news release.
About AJN Resources Inc.
AJN is a junior exploration company. AJN’s management and directors possess over 75 years of
collective industry experience and have been very successful in the areas of exploration, financing
and developing major mines throughout the world, with a focus on Africa, especially the Democratic
Republic of Congo.
For further information, please contact Investor Relations:
Sheena Eckhof
Director, Investor Relations
Visit us at www.ajnresources.com
Te l : + 4 4 7 4 9 6 2 9 1 5 4 7
On Behalf of the Board of Directors
Klaus Eckhof
CEO and President
Cau$onary Note Regarding Forward-Looking Statements
The information in this news release may include certain information and statements about
management’s view of future events, expectations, plans and prospects that may constitute forward-
looking statements. Forward-looking statements are based upon assumptions that are subject to
significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety
of factors, the actual results, expectations, achievements or performance may differ materially from
those anticipated and indicated by these forward-looking statements. Although AJN Resources Inc.
believes that the expectations reflected in forward-looking statements are reasonable, it can give no
assurances that the expectations of any forward-looking statements will prove to be correct. Except
as required by law, AJN Resources Inc. disclaims any intention and assumes no obligation to update
or revise any forward-looking statements to reflect actual results, whether as a result of new
information, future events, changes in assumptions, changes in factors affecting such forward -
looking statements or otherwise.
AJN News Release
22/09/25
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