Mr. Klaus Eckhof reports

AJN RESOURCES INC. RECEIVES CONSENT TO PROCEED ON THE OKOTE GOLD PROJECT IN THE ADOLA GOLD BELT OF THE RENOWNED ARABIAN-NUBIAN SHIELD IN OROMIA STATE, SOUTHERN ETHIOPIA

Following a series of formal discussions and deliberations with Godu General Trading SC and the O-Mining Group, Oromia Minerals Development Authority, and senior officials of the Oromia regional government, AJN Resources Inc. has received consent and full support from all parties to commence its due diligence on the Okote gold project located within 100 kilometres of the 4.5-million-ounce Lega Dembi gold mine, the largest gold producer in Ethiopia. AJN will mobilize field crews with support from Godu to conduct detailed mapping and sampling programs on all new artisanal workings outside of the area drilled previously. In addition, the company will inspect drill cores from historic drilling carried out by Midroc, as well as a series of trenches excavated recently over artisanal workings by Godu in preparation for a 1,500-metre diamond core drilling program as per its agreement.

Highlights:

• Consent received to commence due diligence activities, which include 1,500 metres of drilling on the Okote gold project;
• Preliminary desktop studies have identified new areas of extensive artisanal workings to the north and east of the area drilled previously by Midroc -- no previous drill coverage;
• Workings and spectral analysis cover an area of circa 3,000 m by 500 m within a potential mineralized corridor, which transgresses the tenement from south to north;
• Exploration team will commence with detailed structural mapping and sampling of artisanal workings, which will give an indication of the true size potential of the project -- 25 per cent of prospective target area covered by drilling;
• A 1,500-metre diamond core drilling program is scheduled to commence within four to six weeks -- designed to confirm historic drilling results and to test grade and widths of mineralization underlying the new, previously untested areas guided by the mapping and sampling of artisanal workings and trenching.

Chief executive officer and president Klaus Eckhof commented: "We are extremely pleased to have finally received consent to commence our due diligence on the Okote gold project, on which recent desktop studies suggest only 25 per cent of the identified mineralized area has been covered by drilling. It has always been our view that the project has huge upside, which was not drill tested previously, and this appears to be the situation judging by the extent of artisanal workings to the north and east of the area drilled previously by Midroc, the previous owner of Okote. Our field crews are expected on site within the coming weeks once all permitting and travel clearances have been finalized. We look forward to providing regular updates as our teams systematically map and sample known and new artisanal workings in preparation for the drilling."

Okote project -- preliminary findings in the desktop study

A continuing desktop study revealed new extensive artisanal workings at several locations to the north and east of the area drilled previously by Midroc. There has been no drilling in the area, which supports the company's view that the Okote project is underexplored and has good potential to uncover new areas of gold mineralization, which will complement previously defined gold mineral resources from historic drilling.

The study showed that the workings covered an area of 3,000 m by 500 m to the north and east of the previous drilling. In addition, a spectral study conducted previously identified a number of exploration targets for follow-up with soil sampling and trenching. The spectral anomalies fall within an interpreted mineralized corridor, which transgresses the tenement from south to north, and are best defined in the southern five kilometres of the tenement.

Note: Spectral data from satellite or airborne sensors can be used to map geological formations, identify rock types and detect alteration patterns associated with mineralization.

The extent of recent artisanal activity is within an area that has not been drilled previously and covers a strike length of three kilometres. Since acquiring the licence, Godu conducted a trenching program over the artisanal workings and selected portions of the spectral targets, but could not cover the costs to have the samples analyzed. Gold mineralization at Okote is predominantly within north-northeast-trending, 10- to 20-metre-wide shear zones, which host a series of en echelon quartz veins containing sulphides, tourmaline and free gold. Shear zones within amphibolite and carbonate schists with quartz veins and stringers were exposed and sampled in the recent trenches. Continuous channel samples from prospective trenches will now be submitted to ALS Global in Ireland for gold analysis.

The company will conduct detailed structural and lithological mapping all artisanal workings and open trenches, and will log selected holes drilled previously to better understand controls on mineralization during the 90-day due diligence period, which commenced July 18, 2025. This will be followed up with a 1,500-metre drilling program designed to twin selected holes from previous drilling and to test gold mineralization below newly identified areas from mapping and sampling of the artisanal workings and trenches.

Qualified person statement

Dylan le Roux (BSc honours) is an independent consultant of AJN Resources and a qualified geologist. Mr. le Roux is a registered professional natural scientist (geological science) with the South African Council for Natural Scientific Professions (SACNASP registration No. 155814). Mr. le Roux is a qualified person under National Instrument 43-101, and has reviewed and approved the scientific and technical information contained in this news release.

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.