Mr. Klaus Eckhof reports

AJN RESOURCES INC. CLOSES $630,000 TRANCHE OF PRIVATE PLACEMENT FINANCING WITH A LEAD ORDER BY PALISADES GOLDCORP LTD.

Further to AJN Resources Inc.'s March 14, 2025, news release, the company has closed the first tranche of a non-brokered private placement of units in the capital of the company at a price of 12 cents per unit to raise total gross proceeds of $630,000 via the issuance of a total of 5,249,998 units. The company received a lead order from Palisades Goldcorp Ltd. Each unit comprises one common share and one share purchase warrant (warrant), where each warrant entitles the holder to purchase one additional common share (warrant share) at an exercise price of 15 cents per warrant share for a four-year period.

The securities issued pursuant to the private placement, and any warrant shares to be issued on the exercise of warrants are restricted from trading until July 22, 2025. The net proceeds of the private placement will be used for due diligence in connection with possible property acquisitions, property acquisitions, exploration on the company's properties and for working capital purposes.

The issuance of the units did not result in a change of control or materially affect control of the company.

About AJN Resources Inc.

AJN is a junior exploration company. AJN's 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.