Mr. Gregory Beischer reports

ALASKA ENERGY METALS ANNOUNCES DRILLING PROGRAM FOR THE MCBRIDE PROSPECT, ANGLIERS-BELLETERRE PROJECT, QUEBEC, CANADA

Alaska Energy Metals Corp. has completed planning for a core drilling program to test geological-geophysical-geochemical targets at the McBride prospect, that forms part of its Angliers project in Quebec, Canada. The company's geochemical-geophysical results and historical drill results for the McBride prospect were released in a press release dated Jan. 21, 2025. The core drilling program includes plans for eight holes for a total of 2,125 metres. Authorization for impact-causing exploration work (ATI) permit has been received from the Ministry of Natural Resources and Forestry. The drilling is anticipated to start in mid-August.

Highlights:

• Planned core drilling program (eight holes -- 2,125 metres) to test the McBride prospect where copper-nickel-iron sulphide showings at surface are underlain by coincident electromagnetic-magnetic geophysical and geochemical anomalies;
• Authorization for impact-causing exploration work (ATI) permit has been received;
• Drill crew is expected to mobilize in mid-August, 2026.

In 2024, Alaska Energy completed a 200-by-100-metre grid surface soil sampling and prospecting program over the McBride prospect. Multiple anomalous zones of copper, zinc, nickel, silver and gold have been revealed that correspond to a series of versatile time-domain electromagnetic (VTEM) anomalies that align within an east-west-trending zone. Several significant anomalous rock samples containing magmatic sulphides collected in 2024 include:

• Sample 135040: massive sulphides (pyrrhotite, pyrite and minor chalcopyrite) -- 302 parts per million copper, 153 ppm zinc, 1.02 ppm silver and 0.5 ppb gold;
• Sample 135042: silicified with sulfides (pyrite and chalcopyrite in blebs and stringers) -- 1,287 ppm copper, 2,433 ppm nickel, 260 ppm zinc, 522 ppm cobalt, 0.63 ppm silver and 2.0 ppb gold.

VTEM surveys conducted by the company in 2024 identified strong, low-resistivity, and conductive zones immediately beneath sulfide and banded iron formation occurrences. Interpreted banded iron formations show a sharp, narrow increase in magnetic response in the VTEM survey. In locations of surficial massive sulfide samples, a broad magnetic response is encountered prior to the sharp, narrow increase in magnetic response from the banded iron formation. It is hypothesized that the conductive zone and broad magnetic response may be caused by copper-nickel sulphides adjacent to the banded iron formations in an underexplored VMS stratigraphic setting. Multiple drill holes are planned to test for massive sulphide mineralization along these anomalies.

Sampling and analytical procedures

The rock sample results mentioned in this press release were collected and analyzed according to the procedures summarized below. Rock sample locations were recorded with Android rugged smart phones running Q-Field data collection software in map datum UTM WGS84 Zone 17N. Each sample was photographed and placed in a plastic bag with a uniquely numbered tag. The bag was then sealed with a plastic tie-wrap. Blanks and standards were inserted at regular intervals for QA/QC (quality assurance/quality control) purposes. Up to 10 samples were placed in rice bags, sealed with numbered tamper proof tie wraps and then delivered in person to Manitoulin Transport in New Liskeard, Ont., from where they were transported to SGS Laboratory in Lakefield, Ont.

At SGS, the rock samples were dried at 105 degrees Celsius, crushed to 75 per cent passing two millimetres and then riffle split to a 250-gram subsample that was pulverized to pulps 85 per cent passing 75 micrometres (SGS Code PRP89). The rock pulps were analyzed for 49 elements by 25-gram two-acid aqua regia digestion ICP-MS analysis (SGS Code GE_ARM3V25). SGS is independent of the company and accredited under ISO/IEC 17025 registration.

Bambino option

Previously, Alaska Energy executed an option to purchase agreement with local prospectors. The Bambino claim block formed a portion of the Angliers-Belleterre project. After reviewing geochemical and geophysical survey results, the company elected to withdraw from the agreement.

Qualified person

Mark Fekete, of Breakaway Exploration Management Inc., a registered professional geologist in Quebec and a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects, has reviewed and approved the technical disclosure in this news release. Breakaway has been executing exploration work on behalf of and under the supervisions of Alaska Energy and will be conducting the planned drilling program at the McBride prospect.

Gregory Beischer, Alaska Energy president and chief executive officer, has also reviewed and approved the technical disclosure in this press release. Mr. Beischer is a registered professional geologist (No. 10505) with the American Institute of Professional Geologists.

About Alaska Energy Metals Corp.

Alaska Energy Metals is an Alaska-based corporation with offices in Anchorage and Vancouver working to sustainably deliver the critical materials needed for United States national security and a bright energy future, all while generating superior returns for shareholders.

Alaska Energy is focused on delineating and developing the large-scale, bulk tonnage, polymetallic Nikolai project and related 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. In January, 2026, Alaska Energy's Nikolai project was accepted for Fast-41 Transparency Dashboard listing to streamline federal permitting for overland access and man camp placement for the next phase of Eureka deposit drilling. Alaska Energy 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. Alaska Energy works every day to earn and maintain the respect and confidence of the public and believes that environmental, social, and governance performance is measured by action and led from the top.

We seek Safe Harbor.