AJN Resources Inc. (CSE: AJN) (FSE: 5AT) (AJN or the Company) is pleased to announce that it has completed a reconnaissance mapping and sampling programme on its Kabunda South Project.

Key outcomes from the program include:

Spodumene within pegmatites visually identified across the full 7km strike extent of the permit. Assay results from sampling expected in August.

Steeply dipping pegmatites mineralized in spodumene were identified over widths of between 50m to 200m over a strike extent of 1.5kms in the northern area of the permit. This area prioritized for follow up pitting and drilling.

Follow up pitting is in progress and the Company is aiming to mobilise drill rigs and commence drilling late Q3 / early Q4 2023.

Pitting will also target identification of additional pegmatites under cover in the southern area.

Mr. Klaus Eckhof, CEO and President of AJN commented, 'We are extremely pleased at the extent of pegmatites with visible spodumene at surface which have been identified in our early reconnaissance phase of mapping and sampling. This early work has already identified a 1.5km drill target which will enable us to better understand the distribution of spodumene and the lithium grade within the pegmatites. The Company has started talking to drilling contractors as the current dry season would be the optimum time to conduct site inspections and to mobilise drill rigs and equipment.'

Kabunda South Project, PR 15383 (AJN earning 75%)

The Kabunda South Project (PR 15383 or the Project) is located roughly 120km southeast of the world class Manono Lithium and Tin Project and the Company's recently acquired PR 15282, both of which lie within the broader pegmatite bearing belt which covers roughly 500km in the eastern.

The Company has recently completed a reconnaissance mapping and sampling programme at the Project, being the first modern exploration work undertaken in the area. Surface mapping has identified the northern 1.5km to be the most prospective based on extent of exposed pegmatites with visible spodumene at surface.

The most significant pegmatite exposures with spodumene mineralisation were identified in the northern 1.5km of the licence area. The main pegmatite body has intruded granites and is exposed over 200m width at its northern extent and over 50m in the southern portion of the priority target area. Additional, narrower parallel pegmatite veins with spodumene were identified to the west and east of the main pegmatite zone and will be followed up with future exploration.

The Company intends to conduct a short drilling programme over the northern priority area within the coming 3 - 4 months when a lower rainfall is expected in the region.

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 in the areas of exploration, financing and developing major mines throughout the world, with a focus on Africa, especially the Democratic Republic of the Congo.

Contact:

Tel: +44 7496 291547

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.

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