Mr. Klaus Eckhof reports

AJN RESOURCES INC. COMMENCES ITS DUE DILIGENCE ON THE OKOTE GOLD PROJECT IN THE ADOLA GOLD BELT OF THE RENOWNED ARABIAN-NUBIAN SHIELD IN OROMIA STATE, SOUTHERN ETHIOPIA; PRIVATE PLACEMENT OFFERING

AJN Resources Inc. has mobilized field crews to commence fieldwork on the Okote gold project, located within 100 kilometres (km) of the circa-4.5-million-ounce Lega Dembi gold mine, the largest gold producer in Ethiopia. Godu General Trading S.C., the owner of the Okote licence, has built strong relationships with local government bodies, local inhabitants and artisanal miners at Okote, and will ensure the company has full support and will have unimpeded access to the project area, including all new artisanal workings, which cover more than three km of strike. The company has also engaged Mining and Drill Systems (MDS), of South Africa, to conduct a minimum of 1,500 metres (m) of diamond drilling as per the agreement signed with Godu.

Highlights:

• Exploration team to commence detailed fieldwork over the prospective area identified from abundant artisanal workings that cover an area of circa 3,000 m by 500 m within a potential mineralized corridor, which transgresses the tenement from south to north;
• Resource work and on-ground mapping will identify priority for follow-up drilling;
• Historical drill core stored at Lega Dembi will be logged in detail to understand structural and lithological controls on gold;
• All newly acquired data will be incorporated into the database for optimum planning of the 1,500 m due diligence drilling program;
• In-house resource work is continuing.

Chief executive officer and president Klaus Eckhof commented: "We are extremely pleased to have finally commenced our due diligence on the Okote gold project, where our experienced geological team will be focusing on mapping and sampling the extensive artisanal workings exposed over three km, where there has been no previous exploration. The team will also study drill core and trenches over the area drilled historically to orientate themselves with respect the geology and controls on mineralization, which they can apply to the broader mineralized corridor, including the workings to the east. The area is clearly prospective where MIDROC drilling results included mineralized intercepts of 18.13 m at 3.25 grams per tonne (g/t) gold (Au), 25.05 m at 3.82 g/t Au, 12 m at 3.34 g/t Au and 13 m at 8.71 g/t Au from a single drill hole*."

* Note that these historical results have not been validated by AJN and any such validation will be part of future work programs.

QP (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 QP under National Instrument 43-101, and has reviewed and approved the scientific and technical information contained in this news release.

Private placement offering

AJN is also pleased to announce a non-brokered private placement offering of units in the capital of the company at a price of 12 cents per unit, for gross proceeds of up to $500,000. Each unit will consist 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 four-year period.

AJN intends to use the net proceeds from the offering for the technical and legal due diligence in connection with a possible property acquisition, for exploration on the company's properties and for working capital purposes. A finder's fee may be payable with respect to a portion of the offering. The securities issuable pursuant to the offering will be subject to a four-month-and-one-day statutory hold period. The issuance of the units will 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.

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