Mr. Adam Ingrao reports

ALSET AI ANNOUNCES CLOSING OF SHARES FOR DEBT TRANSACTION

Alset AI Ventures Inc. has closed the previously announced debt settlement, pursuant to which the company has settled an aggregate of $592,800 owed to certain arm's-length creditors through the issuance of 3,592,727 common shares of the company at a deemed price of 16.5 cents per share.

The shares are subject to a statutory hold period of four months and one day from the date of issuance in accordance with applicable securities laws and the policies of the TSX Venture Exchange. Also, 3,181,818 of the shares are subject to seed share resale restrictions pursuant to TSX Venture Exchange Policy 5.4, which will be released in accordance with the following release schedule.

The debt settlement remains subject to the final acceptance of the TSX Venture Exchange. No securities of the company were issued to insiders or other related parties of the company in connection with the debt settlement, and, accordingly, the debt settlement is not a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions).

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.