AJN Resources Inc. (CSE: AJN) (FSE: 5AT) (AJN or the Company) is pleased to announce that it has entered into a binding term sheet (Term Sheet) with Future Mining Company SARL (Future), which is a limited liability company with its registered office in Kinshasa, Democratic Republic of Congo (DRC), for an option to acquire up to a 70% indirect interest in exploration permit PR 14537 located in the Manono Territory, Tanganyika Province of the DRC.

The town of Manono, located about 20km via dirt road from PR 14537, is roughly 500km north of Lubumbashi and can be accessed by road from Lubumbashi or by a one-and-a-half-hour flight.

The Manono pegmatites lie within a broader pegmatite bearing belt which covers roughly 500km within the mid-Proterozoic Kibaran litholgies in the eastern DRC. The belt is strongly associated with lithium, tin, tungsten, tantalum, niobium and beryllium mineralisation and was exploited historically for tin up to early 1980's at Manono. Trenching programmes announced by AVZ Minerals on 12 September 2017 identified highly weathered pegmatites in the northernmost trench covering the Manono pegmatites suggesting pegmatites continue to the northeast.

Mr. Klaus Eckhof, CEO and President of AJN, commented, 'We are extremely excited about this latest acquisition as we have now covered the extension of the Manono pegmatites to the northeast. Early indications are that the licence area is covered by thick alluvial sand cover which is one of the main reasons why there has been little exploration in the area. We are confident that by conducting shallow drilling programmes we will be able to identify any extension of the Manono pegmatites onto both licences under agreement.'

The Term Sheet states that AJN will pay US$100,000 to Future within 10 days of the date on which the Term Sheet was fully signed, upon which AJN will have up to six months to conduct legal, financial and technical due diligence, which will include soil sampling, trenching and, if warranted, a short drilling programme. Field work is expected to commence within the coming weeks.

At the conclusion of the due diligence programme, AJN will notify Future if it intends to exercise its option to acquire up to a 70% indirect interest in PR 14537. AJN has the right to acquire a 60% indirect interest by paying an additional US$1,000,000 to Future and by issuing 7,000,000 common shares in the capital of AJN to Future.

After AJN has acquired a 60% indirect interest in PR 14537, AJN can acquire a further 10% indirect interest in PR 14537 (for a total 70% indirect interest) by paying an additional US$5,000,000 to Future.

AJN will be responsible for funding exploration of PR 14537 to conclusion of a definitive feasibility study, which funding is to be treated as a loan. At completion of the definitive feasibility study and should AJN wish to continue, each party will contribute on a pro-rata basis or dilute according to an industry standard formula. AJN will arrange all project finance which will be recovered as a priority from production.

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:

Sheena Eckhof

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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