Mr. Mike Basha reports

AURION PROSPECTING PROGRAM YIELDS NEW DISCOVERY AT ITS LAUNI EAST PROJECT IN NORTHERN FINLAND

Aurion Resources Ltd. has provided information on the recent discovery of widespread gold mineralization at its 100-per-cent-owned Launi East project in northern Finland.

Highlights

• 399 rock samples collected over a 2.0-square-kilometre area average 2.47 grams per tonne Au;
• Local visible gold in rocks assaying up to 379.0 g/t Au;
• Individual veins can be traced for over 100 m in bedrock;
• No documented history of mineral exploration or mineral claims in the area;
• Only 15 days prospecting and recon geological mapping to date;
• Launi East exploration licence became valid Jan. 21, 2019.

Summary

Reconnaissance prospecting on Aurion's wholly owned 4,250-hectare Launi East project has resulted in the discovery of several zones of gold mineralization comprising angular quartz boulders and outcrop over an area of approximately 2.0 square km. A total of 399 rock samples assayed from nil to 379.0 g/t Au and average 2.47 g/t Au.

Individual veins can be traced for over 100 m in outcrop and suboutcrop and are generally less than 1.0 m wide but can reach up to 1.9 m width. One (prospect area 1) zone of quartz veining comprising multiple parallel five-to-30-centimetre-wide individual quartz veins within a two to five m wide zone was traced for over 115 m. A total of 52 rock chip grab samples were collected over this distance, assaying from nil to 74.30 g/t Au, averaging 10.00 g/t Au. A total of 12 outcrop samples were collected over a distance of 90 m within the trend. They assayed from 0.009 g/t Au to 74.3 g/t Au, including five outcrop samples that assayed 74.30, 52.90, 48.60, 38.00 and 28.70 g/t Au. Significant alteration including fuchsite, tourmaline, sericite and iron-carbonate is widespread throughout the property.

These showings are within one km of a major flexure in the over 125 km long regional-scale Sirkka shear zone which the property straddles. Aurion controls landholdings covering approximately 80 kilometres of the Sirkka shear zone.

The Launi East property lies approximately eight to 10 km south of the Risti project, 10 km northwest of the municipality of Sodankyla, and is easily accessed by gravel road. The property has had no documented history of mineral exploration or mineral claims. The Launi East exploration licence was recently granted and came into validity on Jan. 21, 2019.

The sampling to date is preliminary in nature, and consists primarily of grab samples of suboutcrop, outcrop and quartz boulders in glacial till. Although every effort is made to ensure that the samples are representative, the very nature of this type of sampling involves natural variations and inconsistencies. Insufficient work has been carried out to date in order to determine the source of many of the mineralized quartz boulders.

Comment

"The discovery of new gold mineralization in another area with no history of mineral exploration again demonstrates how underexplored the Central Lapland greenstone belt and the Sirkka shear zone are," commented Mike Basha, president and chief executive officer. "It is very early days at Launi. We look forward to advancing Launi further during the upcoming field season."

Background

The geological setting of the Launi project has many similarities to prolific gold-rich orogenic gold belts globally, including the Timmins camp of the Abitibi province of Northern Ontario. The property straddles the over 125 km long Sirkka shear zone, a major regional fault zone which has over 40 individual gold prospects and deposits associated with it. Aurion has landholdings covering approximately 80 km of the Sirkka shear zone. In the Abitibi province, many high-grade, multimillion-ounce gold deposits are temporally and spatially associated with major regional fault zones such as the Porcupine-Destor or Cadillac Lake-Larder Lake deformation zones.

Quality assurance and quality control

All samples were delivered to ALS Minerals preparation facility in Sodankyla, Finland, where sample preparation work was completed. All analytical work was completed at ALS Minerals facility in Loughrea, Ireland. ALS Minerals is an internationally accredited lab and are ISO compliant (ISO 9001:2008, ISO/IEC 17025:2005). All samples were analyzed for gold using the Au-AA24 procedure (50 g fire assay with AAS finish: lower detection limit 0.01 g/t gold; upper limit -- 100 g/t gold). Any samples that returned overlimit values (over 90.0 g/t gold) or had visual indication of mineralization, such as visible gold or prospective vein intervals (over 90.0 g/t gold) were analyzed by Au-SCR24 one kg, screen fire assay Au (0.05 to 1,000 parts per million) by one kg screen fire assay (50 g nominal sample weight). The sample pulp (one kg) is passed through a 100-micron stainless steel screen. Any material remaining on the screen (over 100 microns) is retained and analyzed in its entirety by fire assay with gravimetric finish and reported as the Au (plus) fraction. The material passing through the screen (less than 100 microns) is homogenized and two subsamples are analyzed by fire assay with AAS finish. The average of the two AAS results is taken and reported as the Au (minus) fraction result. All three values are used in calculating the combined gold content of the plus and minus fractions. The gold values for both the (plus) 100 and (minus) 100-micron fractions are reported together with the weight of each fraction as well as the calculated total gold content of the sample. Multielement analysis (ME-ICP61, four-acid digestion, 35-element ICP-AES) was completed on all samples. Certified standards and blanks were inserted every 30 samples. ALS has its own quality assurance/quality control protocol using standards, blanks and duplicates.

Mike Basha, PEng, PGeo, president and chief executive officer of Aurion, a qualified person as defined by National Instrument 43-101, is responsible for the preparation of this release.

We seek Safe Harbor.