Alaska Energy Metals Corporation announced that, subject to TSX Venture Exchange (?TSX-V?) Approval, it has extended marketing contracts with two service providers and entered into new contracts with two other providers. In accordance with TSX-V Policy 3.4 - Investor Relations, Promotional and Market-Making Activities, details of each new engagement or renewal are discussed below. Further to the Company?s news release of November 6, 2023, the Company has renewed its engagement of Virtus to provide content creation and digital marketing services for a renewed period of 1.5 months, commencing in February 2024 until March 2024 for a total cost of USD $75,000 (approximately CAD$101,737), which shall be paid upfront.

The services rendered by Virtus will include Reddit distributions, featured editorials, influencer videos, social media posts and live Discord community events, industry deep dives, and educational posts. Virtus is an Illinois-based company that is headed by CEO Austin Wynn. As of the date hereof, to the Company's knowledge, Virtus (including its directors and officers) does not own any securities of the Company and has an arm?s length relationship with the Company.

The Company will not issue any securities to Virtus as compensation for its marketing services. For more information on the Company?s engagement of Virtus, please refer to its news release of November 6, 2023. The Company has retained VHLA to provide content creation and digital and video marketing services for an anticipated period of three months, commencing on or around March 1, 2024, for a total cost of CAD $102,500 plus GST, which will be paid upfront to VHLA by the Company.

VHLA will, as appropriate, prepare and distribute social media content & ads, influencer marketing, landing pages, and CEO interviews. VHLA is a British Columbia-based company headed by Dawson Ignatieff and Adam Emes. The promotional activity may occur on TikTok, Instagram, YouTube, LinkedIn, Twitter, Reddit, as determined by the Company and VHLA.

As of the date hereof, to the Company's knowledge, VHLA (including its directors and officers) does not own any securities of the Company and has an arm?s length relationship with the Company. The Company will not issue any securities to VHLA as compensation for its marketing services. Further to its news release on July 6, 2023 and January 23, 2024, the Company has amended its previously announced renewed Marketing Services Contract with MMG through an Amending Agreement (the ?MMG Amending Agreement?).

Pursuant to the terms of the MMG Amending Agreement, the Company will provide MMG a marketing expenditure budget of ?350,000 (approximately CAD $509,000) for its renewed MMG term, instead of the previously contemplated marketing expenditure budget of ?150,000. Of the ?350,000 marketing budget, MMG shall retain a service fee for the extended term of the Marketing Service Contract of 15% of the total marketing expenditure budget (approximately ?52,500 or CAD$76,723). MMG is a service provider in the field of online marketing and investor relations services specializing in the European market and is based in Germany.

MMG will provide German-translated text materials, including text and display advertisements, advertorials with Company-provided publicly disclosed information, and general information on the nickel and battery metals sector. The firm will create specialized and structured campaigns and ad groups, optimize online advertising for detailed keyword research, and identify possible target groups of potential shareholders. For more information about the Company?s engagement of MMG, please refer to its news releases dated July 6, 2023, December 8, 2023, and January 23, 2024.

As of the date hereof, to the Company's knowledge, MMG (including its directors and officers) does not own any securities of the Company and has an arm?s length relationship with the Company. The Company will not issue any securities to MMG as compensation for its marketing service.