Alset AI Announces Shares for Debt Transaction

VANCOUVER, BC / ACCESS Newswire / May 5, 2026 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC:GPUSD)(FSE:1R60, WKN:A40M0J) ("Alset AI" or the "Company"), announces that on May 5, 2026, it signed debt settlement agreements with certain arm's length creditors for a total amount of $592,800.00 representing debt owed to the creditors. The Company's board of directors believes that settling this debt through the issuance of Shares is in the best interest of the Company, as it allows it to preserve cash for its operations, improve its balance sheet, and support the overall need to manage its financial resources prudently.