Mr. Praveen Varshney reports

AAJ CAPITAL 3 CORP. ANNOUNCES EXPIRY OF NON-BINDING LOI

Further to AAJ Capital 3 Corp.'s news release dated Nov. 1, 2022, the previously announced non-binding letter of intent dated Oct. 27, 2022, and as amended on Feb. 14, 2023, with Iron Bull Mining Inc. has expired in accordance with its terms.

AAJ Capital and Iron Bull mutually agreed not to proceed with the transactions contemplated by the LOI. AAJ Capital continues to review opportunities that are presented to the company.

The company is working with the TSX Venture Exchange to resume trading of the shares and will provide a further update in due course.

About AAJ Capital 3 Corp.

AAJ Capital is a capital pool company, and it has not commenced commercial operations. The only business of AAJ Capital is the identification and evaluation of assets or businesses with a view to completing a qualifying transaction in accordance with Exchange Policy 2.4 -- Capital Pool Companies.