Mr. Klaus Eckhof reports

AJN RESOURCES INC. ANNOUNCES WARRANT EXERCISE INCENTIVE PROGRAM

AJN Resources Inc. has initiated a warrant exercise incentive program intended to encourage the exercise of up to 33,996,346 outstanding common share purchase warrants of the company, of which 13,415,000 are each exercisable for one common share of the company at a price of 30 cents per share and 21,207,446 are each exercisable for one share at a price of 15 cents per share.

Pursuant to the warrant incentive program, the company is offering an inducement to each holder of warrants who exercises their warrants during the 30-day period from Sept. 15, 2025, to Oct. 14, 2025, consisting of: (a) a temporary repricing of the warrant exercise price to 10 cents per share; and (b) the grant of an additional share purchase warrant for each warrant exercised. Each incentive warrant will be exercisable at 30 cents per share for a period of four years from the date of issuance.

To be eligible for the warrant incentive program, the holder of the warrant must, prior to Oct. 14, 2025, complete and provide the company with the warrant exercise documents, the applicable funds for the exercise price, and a properly completed and signed exemption certificate to the company, or the company must otherwise be satisfied that the distribution of incentive warrants to such holder would be exempt from prospectus requirements. The warrants that remain unexercised following the early exercise period will continue to be exercisable on their terms as those terms were in effect immediately prior to the early exercise period, including with respect to the pricing thereof, and no incentive warrants will thereafter be issuable on exercise.

The company anticipates using the proceeds from the exercise of any warrants for the technical and legal due diligence in connection with a possible property acquisition, exploration on the company's properties, and general working capital purposes. The incentive warrants, if issued, and any shares issuable on the exercise thereof, will be subject to a statutory hold period of four months and one day from the date of issuance of the incentive warrants.

If you are a warrantholder and need further information about the warrant incentive program, please contact the company directly by e-mail at info@ajnresources.com or by telephone at 44-7496-291-547 or contact Sheena Eckhof at sheena@eckhofconsulting.com.

Certain insiders of the company are eligible to participate in the warrant incentive program, and, as a result, participation by such insiders in the warrant incentive program may constitute a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Shareholders in Special Transactions). The company intends to rely on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 as the fair market value of the warrants held by the insiders does not exceed 25 per cent of the company's market capitalization.

AJN also announces that, further to the company's July 18, 2025, news release, it will not proceed with the proposed amendment of the exercise price of 10,461,111 previously issued common share purchase warrants from 30 cents per share to 15 cents per share as the company did not obtain consent from all holders of the 10,461,111 warrants.

About AJN Resources Inc.

AJN is a junior exploration company. AJN's management and directors possess over 75 years of collective industry experience, and have been very successful in the areas of exploration, financing and developing major mines throughout the world, with a focus on Africa, especially the Democratic Republic of the Congo.

We seek Safe Harbor.