AJN Resources Inc. Closes Private Placement

Executive Summary

• AJN Resources Inc. closed a non‑brokered private placement of 3,666,833 units at $0.15 per unit, generating gross proceeds of $550,025.
• Each unit consists of one common share and one warrant to purchase an additional share at $0.25 for two years; warrants and resulting shares are restricted from trading until May 22 2026.
• Net proceeds will fund due‑diligence, negotiation, and mineral exploration on the Giro Gold Project (Giro Goldfields SARL).
• Effective January 26 2026, the company will change its name to DRC Gold Corp. and begin trading under the new ticker “DRC” on the CSE; CUSIP and ISIN numbers are updated accordingly.

Key Details

• Private Placement Terms
• Price per Unit: $0.15
• Total Units issued: 3,666,833
• Gross proceeds: $550,025
• Composition of each Unit: 1 common share + 1 warrant (exercise price $0.25, two‑year term)

• Trading restriction on securities and any exercised warrants until May 22 2026

• Use of Proceeds

• Technical, legal, and financial due diligence on Giro Goldfields SARL and the Giro Gold Project
• Negotiation, preparation, and closing of a formal agreement for the project

• Ongoing mineral exploration activities on the Giro Gold Project

• Corporate Name Change

• Former name: AJN Resources Inc.
• New name (effective Jan 26 2026): DRC Gold Corp.
• New CSE ticker: “DRC”
• Updated identifiers: CUSIP 23347H106, ISIN CA23347H1064

• Share capital unchanged; no action required from existing shareholders; share certificates remain valid

• Additional Information

• The private placement was non‑brokered and not subject to a prospectus exemption.
• No dilution impact beyond the issuance of the described units and warrants.
• Forward‑looking statements included regarding future exploration and project development.

Notable Quotes

(No direct quotes were provided in the release.)