Alaska Energy Metals Corp (AKEMF)

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VANCOUVER, BRITISH COLUMBIA, May 13, 2024 – Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“AEMC” or the “Company”) today announced:

The sale of its shareholding in Felix Gold Ltd. (ASX: FXG) (“Felix Gold”), and
The sale of its Mexico subsidiary, Recursos Millrock S. de R.L. de C.V. (“Recursos Millrock”).
As a result of these sales, AEMC added non-dilutive capital to its balance sheet.

“We have strategically re-built our asset portfolio to enhance our long-term sustainability and maintain focus on our Nikolai Nickel Project,” says Gregory Beischer, CEO of Alaska Energy Metals. “These sales allow us to realize value for these non-core assets. Alaska Energy Metals owns other gold property assets in Alaska that it may also consider selling.”