Mr. Klaus Eckhof reports

AJN RESOURCES INC. INTENDS TO CLOSE $651,700 PRIVATE PLACEMENT FINANCING

AJN Resources Inc. intends to close a non-brokered private placement of units in the capital of the company at a price of 12 cents per unit, for which it received confidential price protection on Oct. 8, 2024. The company intends to issue a total of 5,430,833 units at a price of 12 cents per unit for gross proceeds of $651,700. Each unit will be composed of one common share and one share purchase warrant, where each warrant will entitle the holder to purchase one additional common share at an exercise price of 15 cents per warrant share for a two-year period. The company has agreed to pay a cash finder's fee of $5,400 and issue 45,000 warrants with respect to the private placement subscription by one of the private placement placees.

The securities to be issued pursuant to the private placement and any warrant shares to be issued on the exercise of warrants will be subject to a four-month statutory hold period. The company intends to use the net proceeds of the private placement for property exploration, the acquisition of mineral properties and working capital.

The company intends to rely on an exemption from the related-party requirements of Multilateral Instrument 61-101 for the participation by one insider of the company in the private placement.

About AJN Resources Inc.

AJN Resources is a junior exploration company. AJN Resources' 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.