Mr. Adam Ingrao reports

ALSET AI ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT OFFERING WITH STRATEGIC INVESTORS

Alset AI Ventures Inc. has closed its previously announced non-brokered private placement offering of 12,727,272 units of the company at an issue price of 5.5 cents per unit for aggregate gross proceeds to the company of approximately $700,000.

Each unit issued under the offering consists of one common share in the capital of the company and one-half of one common share purchase warrant. Each whole warrant entitles the holder thereof to acquire one common share at an exercise price of 10 cents per warrant share until Dec. 23, 2027.

As previously disclosed, the net proceeds from the offering are intended to be used to accelerate the commercialization of the company's cloud compute business, including financing customer acquisition through sales and marketing activities and advancing near-term revenue milestones, and for working capital and general corporate purposes.

Adam Ingrao, chief executive officer of Alset AI, stated: "We are very pleased to have closed this non-brokered private placement with strategic investors who share our vision for the future of AI-driven cloud computing solutions. The proceeds will accelerate our commercialization efforts, strengthen our customer acquisition initiatives and position Alset AI to deliver revenue growth."

The units were issued pursuant to the listed issuer financing exemption under Part 5A of National Instrument 45-106 (Prospectus Exemptions) and in reliance on the amendments to Part 5A of NI 45-106 set forth in Coordinate Blanket Order 45-953 (Exemptions from Certain Conditions of the Listed Issuer Financing Exemption), and are not subject to a statutory hold period in accordance with applicable Canadian securities laws. The offering remains subject to the final approval of the TSX Venture Exchange.

About Alset AI Ventures Inc.

Alset AI is an artificial-intelligence-focused venture investment platform dedicated to sourcing, financing and developing companies across the artificial intelligence value chain. The company seeks to provide investors with diversified exposure to emerging applications and infrastructure that enable advancements in AI technologies.

We seek Safe Harbor.