Mr. Chris Nastevski of Terra reports

NEWS RELEASE

On Aug. 31, 2023, Terra Capital Natural Resources Fund acquired ownership of an additional 323,000 common shares of AJN Resources Inc. at a price of 22.21 cents per share through the facilities of the Canadian Securities Exchange.

Prior to the acquisition of the shares, Terra Capital had ownership and control, directly and indirectly, of four million common shares and four million share purchase warrants of AJN, representing approximately 9.48 per cent of the then issued and outstanding common shares of AJN on a non-diluted basis and 17.31 per cent when assuming exercise of all share purchase warrants held by Terra Capital. The acquisition of the shares by Terra Capital gives it ownership and control, directly and indirectly, of a total 4,323,000 common shares of AJN, an increase of approximately 0.77 per cent, for a total of approximately 10.24 per cent of the issued and outstanding common shares of AJN on a non-diluted basis and 18.01 per cent when assuming exercise of all share purchase warrants held Terra Capital.

Terra Capital's acquisition was made for investment purposes. Terra Capital may in the future wish to increase or decrease its shareholdings in AJN as circumstances warrant. Such circumstances may include but are not limited to compliance with applicable securities laws, general market and economic conditions, business prospects of AJN, and investment and business opportunities available to Terra Capital.

The head office of AJN is located at suite 1400 1199 West Hastings St., Vancouver, B.C., V6E 3T5. A copy of Terra Capital's early warning report filed under National Instrument 62-103 may either be obtained under AJN's profile on SEDAR+ or by contacting Terra Capital at 61-414-656-101.