Alset Capital Inc. is a publicly traded company: TSXV:KSUM | OTC:ALSCF | FSE:1R60, WKN:A3ESVQ

Alset Capital Inc. Announces Update To Previously Announced Debt Settlement

February 2, 2024 – Vancouver, Canada – ALSET CAPITAL INC. (TSXV:KSUM.H) (“ALSET” or the “Company”) is pleased to announce that it has granted incentive stock options (the “Options”) to certain directors, officers and consultants of the Company for the purchase of up to 2,626,000 common shares in the capital of the Company (the “Shares”) pursuant to the Company’s share option plan. The Options vest immediately and are exercisable into Shares at an exercise price of $0.05 per Share for a five (5) year term, expiring on February 2, 2029. The grant of Options is subject to the approval of the TSX Venture Exchange (the “TSXV”). The Options and any Shares issued upon exercise thereof shall be subject to a hold period of four (4) months plus one (1) day from the date of grant.

On behalf of ALSET CAPITAL INC.

Morgan Good” Morgan Good

Chief Executive Officer

About ALSET CAPITAL INC.

Alset Capital Inc. is an investment issuer that is focused on investment in diversified industries such as technology, healthcare, industrial, special situations, operating businesses through both debt and equity using cash resource or shares in its capital. The Company is led by an experienced, entrepreneurial group of executives having a diverse industry and capital markets background.

For further information about ALSET CAPITAL INC., please contact:

Morgan Good, CEO and Director

T: 604.715.4751
E: morgangood@gmail.com

Cautionary Statement on Forward-Looking Information

This press release contains forward-looking statements. Forward-looking statements can be identified by the use of words such as, “subject to”, or variations of such words and phrases or state that certain actions, events or results “may” or “will” be taken, occur or be achieved. Forward-looking statements include statements with respect to receiving regulatory and exchange approvals with respect to the grant of the Options. Forward-looking statements are based on assumptions, but the actual results may be materially different from any future expectations expressed or implied by the forward-looking statements. The forward-looking statements can be affected by known and unknown risks, uncertainties and other factors, including, but not limited to, the equity markets generally and a failure to obtain the necessary approvals from the TSXV. Accordingly, readers should not place undue reliance on forward-looking statements.

Except as required by law, the Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise.

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