Alaska Energy Metals Closes Flow-Through Financing

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Summary

This financing, done at a significant premium to our current market price, will allow us to advance the Angliers nickel project in Western Quebec stated Company President & CEO Gregory Beischer.Two million shares were sold at a price of $0.50 per share to raise gross proceeds of $1,000,000. The securities issued in the financing are subject to a hold period expiring on April 28, 2024.The financing is subject to final acceptance by the TSX Venture Exchange.Alaska Energy Metals Corporation is focused on delineating and developing a large polymetallic exploration target containing nickel, copper, cobalt, chrome, iron, platinum, palladium, and gold. Additionally, the Company is advancing exploration on the Angliers Nickel Project in Western Quebec.ON BEHALF OF THE BOARDFOR FURTHER INFORMATION, PLEASE CONTACT:Some statements in this news release may contain forward-looking information (within the meaning of Canadian securities legislation), including, without limitation, that the TSX Venture Exchange will give final acceptance for the financing and that we will use the proceeds from the financing for exploration on the Angliers property in Quebec. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties, and other factors which may cause the actual results, performance, or achievements to be materially different from any future results, performance, or achievements expressed or implied by the statements. If the Company updates any forward-looking statement(s), no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

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