File: Attachment AEMC - Q1 2026 ATM Update News Release.pdf

NR: 26-03

ALASKA ENERGY METALS REPORTS ON AT THE MARKET EQUITY FINANCING PROGRAM

VANCOUVER, BRITISH COLUMBIA, April 10, 2026 Alaska Energy Metals Corporation (TSX- V: AEMC, OTCQB: AKEMF) ("AEMC" or the "Company") announces that during the fiscal quarter ending March 31, 2026 it has issued a total of 1,491,000 AEMC common shares (each a "Share") on the TSX-V at an average price of $0.132 per Share under its at the market equity program launched in February 2025. The sales provided gross proceeds of $197,076.00. A commission of $4,732.20 was paid to Haywood Securities Inc. in relation to the distributions. Proceeds are being used for ongoing metallurgical studies, an options assessment for mining scenarios, and for general corporate purposes. The Company plans to continue with its at the market equity program in the second quarter of 2026.

For additional information, visit: https://alaskaenergymetals.com/

ABOUT ALASKA ENERGY METALS Alaska Energy Metals Corporation (AEMC) is an Alaska-based corporation with offices in Anchorage and Vancouver working to sustainably deliver the critical materials needed for national security and a bright energy future, while generating superior returns for shareholders.

AEMC is focused on delineating and developing the large-scale, bulk tonnage, polymetallic Nikolai Project Eureka deposit containing nickel, copper, cobalt, chromium, iron, platinum, palladium, and gold. Located in Interior Alaska near existing transportation and power infrastructure, its flagship project, Nikolai, is well-situated to become a significant domestic source of strategic metals for North America. AEMC also holds a secondary project in western Quebec; the Angliers Belleterre project. Today, material sourcing demands excellence in environmental performance, technological innovation, carbon mitigation and the responsible management of human and financial capital. AEMC works every day to earn and maintain the respect and confidence of the public and believes that ESG performance is measured by action and led from the top.

ALASKA ENERGY METALS CORP. | Suite 300 1055 West Hastings St. | Vancouver, BC V6E 2E9 Direct: 604 609 7149 | Toll-Free: 877 217 8978 | www.alaskaenergymetals.com At the Market Equity Program Page 2

ON BEHALF OF THE BOARD "Gregory Beischer" Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT: Gregory A. Beischer, President & CEO Toll-Free: 877-217-8978 | Local: 604-609-7149

Some statements in this news release may contain forward-looking information (within the meaning of Canadian securities legislation), including, without limitation, that it will continue with its At the - Market equity program and use of proceeds from this program. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. Forward-looking statements speak only as of the date those statements are made. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements do not guarantee future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward- looking statements include but are not limited to uncertainty relating to the estimation of mineral resources, regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable law, the Company assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions, or changes in other factors affecting the forward-looking statements. If the Company updates any forward-looking statement(s), no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements. At the Market Equity Program Page 3

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.