Mr. Gregory Beischer reports

ALASKA ENERGY METALS REPORTS ON AT-THE-MARKET EQUITY FINANCING PROGRAM

Alaska Energy Metals Corp., during the fiscal quarter ending June 30, 2026, issued a total of 5,165,000 Alaska Energy common shares on the TSX Venture Exchange at an average price of 7.5 cents per share under its at-the-market equity program, launched in February, 2025. The sales provided gross proceeds of $387,703.90. A commission of $10,650.74 was paid to Haywood Securities Inc. in relation to the distributions. Proceeds are being used for continuing metallurgical studies, for 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 third quarter of 2026.

About Alaska Energy Metals Corp.

Alaska Energy 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.

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. 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 ESG (environmental, social and governance) performance is measured by action and led from the top.

We seek Safe Harbor.