Aero Energy Announces Closing of Charity Flow-through Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Vancouver, British Columbia – March 27, 2026 – Aero Energy Limited (TSXV: AERO) (OTC Pink: AAUGF) (FSE: J5B) (“Aero” or the “Company”) is pleased to announce that, further to its news releases dated March 2, 2026 and March 4, 2026, it has closed its previously announced non-brokered private placement of  1,694,916 charity flow-through units of the Company (the “CFT Units”) at a price of $0.59 per CFT Unit for gross proceeds of $1,000,000 (the “CFT Unit Offering”). Each CFT Unit is comprised of one flow-through common share of the Company (a “CFT Share”) and one share purchase warrant of the Company (a “Warrant”). Each Warrant is exercisable to acquire one common share of the Company (a “Share”) at a price of $0.60 until March 27, 2028. Each CFT Share will qualify as a “flow-through share” within the meaning of the Income Tax Act (Canada) and as an “eligible flow-through share” within the meaning of The Mineral Exploration Tax Credit Regulations, 2014 (Saskatchewan). The previously announced non-brokered private placement of up to 26,250,000 subscription receipts of the Company (the “Subscription Receipts”) at a price of $0.40 […]