AJN Resources : Decides Not to Proceed with Proposed Acquisition of Kibali Interest

DGAP-News: AJN Resources Inc. / Key word(s): Miscellaneous AJN Resources Inc. Decides Not to Proceed with Proposed Acquisition of Kibali Interest 01.03.2020 / 22:04 The issuer is solely responsible for the content of this announcement. Vancouver, British Columbia--(Newsfile Corp. - March 1, 2020) - AJN Resources Inc. (CSE: AJN) (FSE: 5AT) ("AJN") announces that as a result of its due diligence and further information received, it will not proceed with its proposed acquisition of SOKIMO's 10% free carried interest in the Kibali Gold Mine, as announced in AJN's news release of February 6, 2020. AJN continues to progress with its due diligence on the other projects listed in its February 6, 2020 press release. The gold licence numbers and equity interests to be secured include: Project Name Licence Number ("PE" Permis Exploitation) Interest Zani-Kodo 5077, 5078, 5079, 5081 30% Giro Goldfields 5046, 5049 35% (free carried) Wanga (Tendao) 5045, 5050, 5054, 5056, 5069, 13062 35% (free carried) Nizi 5109, 5110 30% (free carried) Kibali South 13176 30% (free carried)   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 from exploration, to financing, to developing major mines throughout the world with a focus on Africa and especially the Democratic Republic of The Congo DRC. For further information, please contact Investor Relations: Sheena Eckhof Director, Investor Relations [e-mail] Visit us at www.ajnresources.com TEL: [phone] On Behalf of the Board of Directors Klaus Eckhof CEO and President [e-mail] Cautionary Note Regarding Forward-Looking Statements The information in this news release may include certain information and statements about management's view of future events, expectations, plans and prospects that may constitute forward-looking statements. Forward-looking statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although AJN Resources Inc. believes that the expectations reflected in forward-looking statements are reasonable, it can give no assurances that the expectations of any forward-looking statements will prove to be correct. Except as required by law, AJN Resources Inc. disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward looking statements or otherwise. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/52994 Click on, or paste the following link into your web browser,to view the associated documents http://www.newsfilecorp.com/release/52994 News Source: Newsfile 01.03.2020 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language:	English
Company:	AJN Resources Inc.
	Canada
ISIN:	CA00149L1058
EQS News ID:	986889

End of News	DGAP News Service

986889  01.03.2020