Completion Of Inaugural Diamond Core Drilling Program At Canwell Property

VANCOUVER - Alaska Energy Metals Corporation reported the completion of its previously announced drilling program to test compelling geological – geophysical – geochemical targets at the Canwell block of claims that form part of its Nikolai Project in Alaska. The Canwell prospects are located near the Company’s Nikolai project Eureka deposit, which represents a large accumulation of nickel with copper, cobalt, chromium, iron, platinum, palladium, and gold. Three drill holes for a total of 1,048 meters were completed on the featured targets at Canwell, including the Emerick, Odie and Upper Canwell prospects. The drill holes at Odie and Upper Canwell reached the planned target depths, while the drill hole at Emerick was stopped early due to extremely poor ground conditions. All the core has been logged, cut, and sampled and are currently at SGS Burnaby analytical labs. Assay results will be published later this quarter.