AJN Resources begins fieldwork at Okote

Executive Summary

• AJN Resources Inc. has commenced fieldwork, including mapping and sampling, at its Okote gold project in Ethiopia, located near the Lega Dembi gold mine.
• The company has collected 600 samples from trenches and artisanal workings and submitted them to ALS Global for analysis.
• A due diligence diamond drilling program of at least 1,500 meters is scheduled to begin with the mobilization of Mining and Drill Systems (MDS) on September 22, 2025.

Key Details

• Project Location: Okote gold project, Adola Gold Belt, Arabian-Nubian Shield, Oromia State, Southern Ethiopia; located within 100 km of the 4.5-million-ounce Lega Dembi gold mine.
• Sample Collection:
  • Total of 600 samples collected.
  • 549 channel samples collected from 18 trenches.
  • 62 grab samples collected from mineralized exposures in artisanal workings.
  • Samples submitted to ALS Global in Addis Ababa for preparation and analysis in Ireland.
• Drilling Program:
  • Minimum of 1,500 meters of diamond drilling planned as part of a due diligence program.
  • Contractor: Mining and Drill Systems (MDS) of South Africa.
  • Mobilization Date: September 22, 2025.
  • Expected Site Arrival: Within three weeks of mobilization.
• Field Activities:
  • Mapping and sampling of new artisanal workings covering an area of 3,000 m by 500 m.
  • Focus on identifying priority areas for drilling, particularly in the eastern portion covering a potential strike length of three km which has not been previously drilled.
  • Logging of historical drill core stored in Addis Ababa has been completed.
  • In-house resource work is continuing.
• Partnerships: Godu General Trading S.C. (owner of the Okote licence) has facilitated introductions to the local government and assured full support.

Notable Quotes

• "We are extremely pleased to have boots on the ground now that all political formalities have been cleared and our due diligence work is ongoing on the Okote gold project. Our experienced geological team will be focusing on mapping and sampling the extensive artisanal workings exposed over three km, where there has been no previous exploration. We eagerly await results from trench and grab samples, which cover three km of untested artisanal workings to the east of the area that has been drilled. We now have a month to map and sample all exposures, including the area which has been covered by drilling, and work out the optimum drilling program to ensure that results support continuation of the Okote gold project." — Klaus Eckhof, CEO and President