Alaska Energy Metals to acquire promising Angliers-Belleterre nickel-copper project in Quebec

Deal Highlights:

1. Alaska Energy Metals Corporation has agreed to purchase 1413336 BC Ltd., the owner of the Angliers-Belleterre nickel-copper project in western Quebec.
2. The target company assets include approximately $2.8 million in cash.
3. The Angliers-Belleterre property is underlain by komatiitic ultramafic flow rocks and differentiated gabbro rocks in a regional setting thought to be a mantle plume. The setting is similar to that of the Kambalda nickel district in Australia.
4. Significant nickel prospects on adjacent claims, for example the Midrim nickel prospect, appear to trend onto the Angliers-Belleterre project, and there is a six-kilometre long belt of nickel-enriched rocks documented by the Quebec government on the project.
5. By virtue of owning a Quebec project, AEMC will have greater access to inexpensive flow-through capital and be eligible for rebates on exploration expenditures.