Mr. Gary Lewis reports

GRAVITY-HIGH ANOMALIES COINCIDE WITH HIGH-GRADE MANGANESE ROCK CHIPS, PROMPTING IMMEDIATE 477-STATION SURVEY EXTENSION AHEAD OF 3D MODELLING AND DRILL TARGETING.

AE Fuels Corp. has completed the first phase of its high-resolution gravity survey at Pearana and Pothole-Sharks Fin within the South Woodie Woodie manganese project, Western Australia, with early results strengthening the company's view that these areas represent meaningful manganese exploration targets. Importantly, multiple gravity-high anomalies occur close to known high-grade manganese rock-chip results and remain open beyond the original survey limits, prompting an immediate expansion of the program by a further 477 stations.

"Recent results continue to strengthen our confidence in the exploration potential emerging across the Pearana and Pothole-Sharks Fin prospects," said Gary Lewis, chief executive officer and director of AE Fuels. "The growing correlation between the gravity anomalies and previously reported high-grade manganese rock chip results is particularly encouraging, with the strongest gravity response identified to date now resolved in the southeast Pearana area.

"Importantly, we are not seeing isolated targets. Multiple anomalies remain open and continue beyond the original survey boundaries, reinforcing our decision to immediately expand the gravity program. As additional data is integrated and refined through upcoming 3-D modelling, we believe the project is continuing to build strong momentum toward the identification of priority drill targets and the potential definition of a significant manganese system."

Survey extension program

The 477-station extension program has been designed to expand survey coverage into areas where preliminary results indicate the strongest exploration potential. The program comprises:

• 121 stations southeast of Pearana to extend coverage over a large and increasingly well-defined gravity anomaly;

• 92 stations northeast of Pothole to close off an anomaly near the survey boundary and in proximity to previously reported high-grade manganese rock chip results;

• 264 stations southeast of Pothole, where a gravity anomaly has been identified adjacent to a hill -- supported by a coincident low radiometric response on the opposite side of the feature.

Importantly, the latest data from the southeastern Pearana survey area have now resolved the strongest gravity anomaly identified across the program to date. The anomaly remains open and is emerging as a priority target for further extension work, 3-D modelling and drill targeting.

Gravity survey program

The gravity survey is designed to identify dense subsurface bodies that may represent concealed manganese accumulations beneath shallow cover and to support the definition of high-priority drill targets. The program follows previously announced high-grade manganese rock-chip sampling results from the Pearana, Pothole and Sharks Fin prospects.

Data collected to date are considered high quality, with strong repeatability across the survey area. Preliminary interpretation has identified multiple gravity-high anomalies that spatially correlate with areas where high-grade manganese rock chips have previously been reported.

While gravity data alone cannot confirm the presence of manganese mineralization, manganese oxide mineralization in this geological setting is typically denser than the surrounding host rocks. As a result, the correlation between gravity-high responses and known high-grade manganese occurrences is considered an encouraging indicator of potential subsurface mineralization.

Following completion of the extension survey, terrain corrections will be applied across the full dataset before undertaking 3-D inversion modelling. The resulting model is expected to assist with anomaly ranking, target refinement and prioritization of future drill testing.

Qualified person

John Levings, BSc, FAusIMM, technical director, AE Fuels, is the qualified person, as defined by National Instrument 43-101, responsible for the scientific and technical information in this news release. Mr. Levings has reviewed, verified and approved the scientific and technical information in this news release. Mr. Levings is not independent of the company for the purposes of NI 43-101.

About AE Fuels Corp.

AE Fuels is a U.S.-aligned critical minerals company focused on battery-grade manganese and fluorspar-hydrofluoric acid (HF) supply chains. The company's strategy connects allied-country manganese supply (Pilbara, Western Australia) and domestic U.S. fluorspar supply (New Mexico) with U.S. mid-stream processing and downstream supply chains. Manganese and fluorspar are designated critical minerals in the U.S., Australia and European Union, and essential to multiple high-growth industries including battery materials, semiconductor fabrication and advanced electronics, nuclear fuel processing, and clean energy technologies. AEF is advancing development activities aimed at delivering reliable, allied-sourced supply of these materials to reduce foreign dependency and strengthen U.S. industrial-base resilience across these key industries.

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