Mr. Martin Schuermann reports

ABERDEEN INTERNATIONAL INC. (TSX: AAB, FR: A8H, OTC: AABVF) REPORTS RESULTS FOR THE THREE AND SIX MONTHS ENDED JULY 31, 2023

Aberdeen International Inc. has released its financial results for the three and six months ended July 31, 2023.

For the three and six months ended July 31, 2023, Aberdeen reported a net loss of $3.4-million and $7.9-million or two cents and five cents per basic share from total revenue of $(3-million) and $(6.8-million) (realized loss on investments of $2.1-million and $2.4-million, unrealized loss on investments of $900,000 and $4.5-million). For the three and six months ended July 31, 2022, Aberdeen reported net loss of $900,000 and $2.1-million or one cent and two cents per basic share from total revenue of $500,000 and $800,000 (realized loss on investments of $1.9-million and $2.1-million, unrealized gains on investments of $2.4-million and $2.9-million).

Market conditions remain challenging and the portfolio remains heavily invested in early-stage companies, largely in the natural resources, clean energy and battery metals sectors -- sectors that are thematically important as the world seeks to secure critical materials for a growing population while concurrently transitioning to a lower-carbon energy mix. Despite the significance of these themes and the company's exposure to them, early-stage investment valuations have been pressured amidst a global risk-off environment, driven by inflationary concerns and monetary policy actions being taken by central banks, amongst other factors.

"Clean tech and sustainable agriculture continue to be Aberdeen's largest exposures and we continue to actively seek opportunities to drive value for shareholders during a challenging time for companies that are early on in their life cycle. We remain focused on supporting operational execution of our portfolio companies and anticipate that our efforts will pay off when markets eventually turn the corner," said Martin Schuermann, chief executive officer of Aberdeen.

About Aberdeen International Inc.

Aberdeen International is a global resource investment company and merchant bank focused on small-capitalization companies in the rare metals, clean energy and renewable energy sectors.

We seek Safe Harbor.