Exhibit 99.5

Consent to be Named as a Director Nominee

In connection with the filing by Ares Acquisition Corporation of the Registration Statement on Form S-4 with the Securities and Exchange Commission under the Securities Act of 1933, as amended (the “Securities Act”), I hereby consent, pursuant to Rule 438 of the Securities Act, to being named in the Registration Statement and any and all amendments and supplements thereto as a nominee to the board of directors of Ares Acquisition Corporation following the consummation of the Business Combination, which will be renamed X-Energy, Inc. I also consent to the filing of this consent as an exhibit to such Registration Statement and any amendments thereto.

Dated: March 24, 2023

By:	/s/ Michael J. Wallace
Name:	Michael J. Wallace