Alset AI Announces Closing of Shares for Debt Transaction

VANCOUVER, BC / ACCESS Newswire / March 13, 2026 / Alset AI Ventures Inc. (TSXV:GPUS)(OTC:GPUSF)(FSE:1R60, WKN:A40M0J) ("Alset AI" or the "Company") an artificial intelligence ("AI") venture company advancing innovation through strategic investment and cloud computing solutions, is pleased to announce that it has closed its previously-announced shares for debt transaction pursuant to debt settlement agreements dated January 4, 2026 (the "Debt Settlement Transaction"). The Debt Settlement Transaction was completed through the issuance of an aggregate of 3,475,646 common shares in the capital of the Company (each, a "Common Share") at a deemed price of $0.055 per Common Share in full and final satisfaction of $191,160.37 of accrued and unpaid fees for consulting and additional services rendered by certain arm's length creditors of the Company.