AJN Resources Inc. Announces Several Mineralised Shear Zones Defined Across the Okote Gold Project in Ethiopia

The October 14, 2025, news release provides an exploration update for AJN Resources' Okote Gold Project in Ethiopia. Key points include: * Geological Mapping: Fieldwork has confirmed and identified several shear zones. The main shear zone at Okote Central is 10-40m wide. Three new parallel shear zones at Okote East have a cumulative width of over 60m and have been traced for 1km, remaining open along strike. * Mineralization Style: The shear zones are characterized by alteration and sulphide mineralization (pyrite, chalcopyrite) typically associated with gold systems. * Sampling: 43 new rock-chip and 34 new channel samples have been collected. Critically, results for these and 602 previously collected samples are all pending from the lab. * Drilling Program: A 1,500-meter diamond drilling program is planned. The drill rig has been mobilized and is expected to arrive on-site within 2-3 weeks.

This news is a routine operational update, which is positive in that it shows the company is actively advancing its exploration program as planned. Identifying shear zones and mobilizing a drill rig are necessary steps in the exploration process.

However, the impact is non-material for the following reasons: 1. No Results: The release contains no assay results. While the geological descriptions are encouraging, they provide no information about gold grades. The presence of shear zones and sulphides does not guarantee economic mineralization. The entire value proposition hinges on the pending results from over 600 samples. 2. Expected Progress: This is a standard step-by-step process for a junior explorer. The market has likely anticipated that the company would conduct mapping and eventually drill. This news simply confirms the timeline.

The most tangible piece of information is the mobilization of the drill rig, which sets a rough timeline for future, potentially material news (drill results). Until assay or drill results are released, this news is unlikely to cause a sustained move in the share price. The stock's performance reflects the market's "wait and see" approach, demanding hard data before re-rating the company.

AJN Resources Inc. is a junior exploration company focused on its flagship Okote Gold Project located in Ethiopia. The company is in the early stages of exploration, working to define drill targets through geological mapping and surface sampling with the goal of discovering an economic gold deposit.