Revised press release

Aim Exploration Inc. Unaware of Promotional Activities (revised)

Press Release – December 21, 2016 08:00 EDT

HENDERSON, NV, USA, December 21, 2016 - Aim Exploration Inc.

AIM Exploration Inc. unaware of any promotional activities

AIM Exploration Inc. was informed by the OTC on December 19, 2016 that there is promotional activity being performed. Prior to notification by the OTC on December 19, 2016 the company was not aware of any promotional activities. The Company has no knowledge or understanding of any promotional activities that effect the trading activity.

The Company, it officers, directors or any controlling shareholders have not, directly or indirectly, been involved in any way (including payment of a third-party) with the creation or distribution of promotional materials related to the Company and its securities and we further confirm the Company, its officers, directors or any controlling shareholders have not sold or purchased the Company’s securities within the past 30 days.

The company currently has convertible instruments and the company has issued shares for convertible instruments allowing conversion to equity securities at a discount to market price. We refer you to the notes from the Consolidated Financial Statements dated August 31, 2016 filed within the 10K filed December 15, 2016, in addition we refer you to the subsequent events of the financial disclosure: 

During the year ended August 31, 2016, the Company issued convertible notes with a principal balance of $233,302, with maturity dates ranging from February 29, 2016 to January 12, 2017, and an interest rate per annum ranging from 10% to 22%. The principal is convertible into common shares of the Company at a conversion rate equal to 50% - 60% of the lowest trading price of the Company’s common stock for the fifteen prior trading days, as defined in the agreements.

During the year ended August 31, 2016, 1,862,835 common shares were issued in relation to conversion options exercised during the year valued at $156,439; $129,475 related to principal of the convertible notes, $15,864 to accrued interest, and $11,100 to fees.
During the year ended August 31, 2015, the Company issued convertible notes with a principal balance of $306,875, with maturity dates ranging from November 6, 2015 to July 22, 2016, and an interest rate per annum ranging from 8% to 12%. The principal is convertible into common shares of the Company at a conversion rate equal to 55% - 60% of the lowest trading price of the Company’s common stock for the fifteen prior trading days, as defined in the agreements.

NOTE 9 – SUBSEQUENT EVENTS

AIM EXPLORATION INC.
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS August 31, 2016

1.      On September 12, 2016, the Company amended its authorized capital by increasing the number of authorized common shares from 250,000,000 common shares with a par value of $0.001 per common share to 1,500,000,000 common shares with a par value of $0.001 per common share. The amendment was passed by a majority of the Company’s shareholders on September 9, 2016.

2.      Subsequent to August 31, 2016, the Company issued 219,444,444 common shares to three directors in compensation for their services to August 31, 2016. The fair value of these shares was deemed to be $395,000.

3.      Subsequent to August 31, 2016, the Company issued 220,000,000 common shares to Percana pursuant to the amended agreement outlined in Note 4. The fair value of these shares was deemed to be $220,000. (Restricted shares)

4.      Subsequent to August 31, 2016, the Company issued 25,000,000 common shares in connection with services rendered. The fair value of these shares was $75,000. (restricted shares)

5.      Subsequent to August 31, 2016, the Company issued 40,000,000 common shares in connection with the conversion of a related party convertible note with a face value of $100,000.

6.      Subsequent to August 31, 2016, the Company issued 40,000,000 common shares in connection with debt repayment to a related party in the amount of $40,000.

7.      Subsequent to August 31, 2016, the Company issued 110,000 preferred shares to a director in compensation for their services to August 31, 2016. Restricted Shares

8.      On October 31, 2016, the Company closed an offering and offered 3,343,340 common shares for gross proceeds of $98,300. (Restricted shares).

Much of the world news of anthracite has been disseminated through our twitter page at www.twitter.com/aexeqb The purpose of propagating the news about anthracite is not intended to be self serving -- rather it is to show that we are in an energy hungry era and we need to look for ecologically  low impacting energy resources.

We welcome our audience to view our web site http://aimexploration.com

We further welcome people to follow our twitter feed at www.twitter.com/aexeqb which has over 6,400  followers and growing. "This gives us indication that clean energy is a global concern and enforces our belief that is why we need to carry out our objective of mining clean high BTU anthracite coal." Says J.R. (Bob) Todhunter.

About Aim Exploration: The Company is a Anthracite coal mining and exploration company and plans to mine 1,000 hectares of land. We have expertise in business, mining, and legal with our distinguished board of directors. We have amicable relationships with all parties involved in mining in Peru. We are a SEC reporting publicly traded company with the symbol (OTC: AEXE).

Forward-Looking Statements 
Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements, which include management's assessment of future plans and operations that are based on current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. The Company is not basing its production on a feasibility study of mineral reserves that has demonstrated economic and technical viability.  Some of the forward-looking statements may be identified by words such as "estimates," "expects," "anticipates," "believes," "projects," "plans," "targets," and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause AIM's actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.

Contact: info@aimexploration.com

Twitter: www.twitter.com/aexeqb or @aexedb

Website: www.aimexploration.com

AIM Exploration Inc.

J.R. (Bob) Todhunter

Source: Aim Exploration