Mineralization Confirmation At The Nikolai Nickel Project

VANCOUVER - Alaska Energy Metals Corporation (AEMC) reported on drill holes EZ-23-004 & EZ-23-006. The holes were drilled as part of the Company’s 2023 exploration program at the Nikolai Nickel Project in Central Alaska. Eight diamond drill holes were drilled during the campaign, with results from six holes now received and results from two holes pending.

These new results further demonstrate the Eureka Zone remains consistent and homogeneous, as indicated by historical drilling on the property. EZ-23-004 was drilled ~560m southeast of EZ-23-002 to test mineralization continuity along strike to the southeast. EZ-23-006 was drilled ~300m northwest of EZ-23-002 to test mineralization continuity along strike to the northwest. The results from these holes have confirmed mineralization continuity along an 860m strike length on the Eureka Zone, with the mineralization remaining open in all directions.

To date, AEMC has received assay results for six of the eight drill holes completed during the 2023 exploration campaign.