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Aranjin Resources Ltd. (TSXV: ARJN) ("Aranjin" or the "Company") announces that the Company will be extending the maturity date of the $1,814,400 principal amount unsecured convertible debenture (the "Debenture") issued on August 10, 2021, and convertible into common shares of the Company at a price of $0.055 per share. The Debenture was issued pursuant to a private placement which closed on August 10, 2021. The Company proposes to extend the maturity date by one (1) year, and accordingly, the new maturity date for the Debenture will be August 10, 2023.

All other terms and conditions of the Debenture remain unchanged. The Debenture extension is subject to acceptance by the TSX Venture Exchange.

About Aranjin Resources Ltd.

Aranjin Resources is committed to exploring its highly prospective copper and nickel projects in Mongolia. Information about the Company is available on its website, www.aranjinresources.com, or under its profile on SEDAR at www.sedar.com.

Contact Information

Ali Haji, CEO
+ 1 647.871.4571
contact@aranjinresources.com

Neither the TSX, the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX and TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/132662

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Ion Energy Ltd. Announces Strategic Alliance with Mongolian Copper Explorer

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ION Energy Ltd. (TSXV: ION) (OTCQB: IONGF) (FSE: 5YB) ("ION") is pleased to announce that the Company has entered into a binding term sheet (the "Term Sheet") which sets out the terms for an exploration joint venture (the "Joint Venture") with Aranjin Resources Ltd. ("Aranjin") (TSXV: ARJN). The Joint Venture allows for both companies to grant one another reciprocal exploration rights to their respective exploration licences within Mongolia.

Both ION and Aranjin will leverage one another's expertise in their respective metals, with Aranjin being granted a right to explore ION's properties for base metals (including copper, lead, zinc, nickel, cobalt and associated metals), and ION being granted a right to explore Aranjin's properties for lithium. This structured approach is aimed at enlarging their exploration area within the mineral-rich regions of Mongolia, thus ensuring that both ION and Aranjin maximize their chances of carrying a property to the development stage.

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Aranjin Resources Ltd. (TSXV: ARJN) ("Aranjin") is very pleased to announce that it has have entered into a term sheet agreement (the "Term Sheet") which sets out the terms for an exploration joint venture with ION Energy Ltd (the "Joint Venture"). The Joint Venture will consist of both Parties granting one another reciprocal exploration rights on their respective exploration licences within Mongolia.

Both ION and Aranjin will leverage one another's expertise in their respective metals, with Aranjin being granted a right to explore ION's properties for base metals (including copper, lead, zinc, nickel, cobalt and associated metals), and ION being granted a right to explore Aranjin's properties for lithium. This structured approach is aimed at enlarging both Parties' exploration area within the mineral rich regions of Mongolia, thus ensuring that both ION and Aranjin maximize their chances of carrying a property to the development stage.

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Highlights:

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Terms of the Definitive Agreement:

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Terms of the Definitive Agreement:

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Figure 1 - General Property Location

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