V7F Alaska Energy Metals Corporation

Alaska Energy Metals Corporation (TSX-V: AEMC, OTCQB: AKEMF) (“Alaska Energy Metals,” “AEMC,” or the “Company”) is pleased to announce the completion of a helicopter-borne Versatile Time Domain Electromagnetic (“VTEM”) Max survey over its 100% owned Angliers-Belleterre project (“Angliers”) in Quebec, Canada, and a large soil geochemical survey. Prospecting and rock sampling were also completed. The purpose of the exploration program was to identify targets that may represent valuable metallic mineralization, particularly nickel–copper deposits. Results of the soil survey and VTEM survey are anticipated to be received during the fourth quarter of 2024. This exploration work was funded from a flow-through financing completed in December 2023.

The VTEM survey was completed by Ontario-based Geotech Ltd. and consisted of 1,568 line-kilometers flown at 100-meter line spacing (Figure 1). In addition, a 4,971-sample soil program was completed across the same area as the VTEM survey (Figure 1). The soil collection, prospecting, and rock sampling programs were completed by Quebec-based Breakaway Exploration Management. The purpose of the VTEM survey is to define zones of conductive anomalies that may indicate metallic sulfide mineralization. Soil sampling was used to detect for the presence of metal ions that may reflect the valuable metallic mineral deposits in bedrock beneath. Coincident electromagnetic anomalies and soil anomalies represent compelling targets for drill testing.

Alaska Energy Metals Chief Geoscientist Gabe Graf commented: “We are pleased that Geotech and Breakaway have safely, responsibly, and efficiently carried out modern geophysical and geochemical surveys at our Angliers project in Quebec. We are eagerly awaiting survey results, which will be used in combination with planned geologic mapping. We hope that the results of our work will unlock multiple drill targets for testing in 2025.”

VTEM MAX SURVEYGeotech’s VTEM survey is excellent for locating discrete, conductive anomalies as well as mapping lateral and vertical variations in resistivity. Full waveform recording is employed to achieve very clean early-time measurements to effectively resolve near-surface structures. This survey includes a high-sensitivity cesium magnetometer for mapping geologic structures and lithology. The radar altimeter has an accuracy of approximately one meter using a real-time GPS Navigation System providing an in-flight accuracy up to 1.5 meters.

Figure 1. VTEM survey and soil sampling grids on 1st derivative magnetic data. (Source of base image magnetic data: Ministère des Ressources naturelles et des Forêts).

QUALIFIED PERSONGabriel Graf, the Company’s Chief Geoscientist, is the qualified person who reviewed and approved the technical disclosure in this news release.

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

ABOUT ALASKA ENERGY METALSAlaska 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 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 energy-related 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, 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.

ON BEHALF OF THE BOARD“Gregory Beischer”Gregory Beischer, President & CEO

FOR FURTHER INFORMATION, PLEASE CONTACT:Gregory A. Beischer, President & CEOToll-Free: 877-217-8978 | Local: 604-638-3164

Sarah Mawji, Public RelationsVenture StrategiesEmail: sarah@venturestrategies.comSome statements in this news release may contain forward-looking information (within the meaning of Canadian securities legislation), including receipt of assays from soil samples, geophysical survey results, definition of drill targets, and future drill testing. 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 are not guaranteeing of 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 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.

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.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a14158dd-6d5b-4795-bc14-bc1f20e04079