Mr. Shawn Wallace reports

AURYN PROVIDES EXPLORATION UPDATE AND PLANS FOR 2017

Auryn Resources Inc. has provided an exploration update from its Peruvian portfolio and further information about its proposed 2017 exploration plans.

Peru

Auryn has been active during the fourth quarter of 2016 on its Peruvian portfolio with extensive surface sampling undertaken on the Sombero and Huilacollo properties to advance these projects toward a drill-ready stage. Auryn is also active in negotiations with various communities across the portfolio with good progress being made.

Sombrero project

Surface exploration work at the Sombrero project focused on the southern half of the property where 773 metres of trenching, 405 rock chips and 311 soil samples were collected. The purpose of this work was to expand upon the previous limited rock chip geochemical sampling that returned significant gold and copper values in the mineralized skarn setting. Importantly, the footprint of the known mineralized system was expanded by the new discovery of a 300-by-350-metre zone of skarn mineralization in the southwest region of the claim area.

Huilacollo project

Exploration work on the Huilacollo project focused on the southern half of the property. One thousand two hundred fifty-nine talus fine samples were taken over an area of three by four kilometres where no previous reliable surficial geochemical sampling had occurred. In addition, 25 rock chip samples were taken in select areas with outcrop that demonstrated epithermal textures. The purpose of this work was to develop a geochemical picture over geophysical anomalies characterized by resistivity highs and chargeability lows that have the potential to host oxide gold mineralization.

Banos del Indio

Exploration plans are to undertake a property-wide induced polarization survey in the first quarter of 2017 and to further delineate targets which will be followed by surface sampling programs with drilling expected to begin in the fourth quarter. Banos Del Indio is one of the largest untested alteration systems in the Andes and sits on the same north-south structure of the epithermal belt in southern Peru which is 10 kilometres north of the Huilacollo concessions.

Curibaya

Exploration work on the Curibaya project focused on follow-up work on anomalous gold and copper drainage basins identified in Auryn's 2016 stream sediment survey. Two high-level, multikilometre potentially porphyry-style clay alteration systems have been identified in the southwest and northwest portions of the claims demonstrating that further follow-up work of soil and rock-chip sampling is warranted.

Auryn 2017 exploration plans

Auryn focused on capitalizing on the advancements achieved in a very successful 2016 field season. Targeting efforts have provided 17 high-priority drill targets at the flagship Committee Bay gold project. The company has also been successful at assembling a world-class exploration portfolio with the additional acquisitions of the advanced Homestake Ridge project in the Golden Triangle of northwestern British Columbia and the Sombrero, Huilacollo and Banos del Indio projects in southern Peru. Auryn's global exploration plan in 2017 will be to aggressively drill all projects across its portfolio with the primary focus on new discoveries.

The proposed drill plan for 2017 is to drill a total of 55,000 metres of which 25,000 metres will be drilled across 17 multikilometre-long targets in the Committee Bay project, 15,000 metres across the Homestake Ridge project, and another 15,000 metres across the Sombrero, Huilacollo, and Banos del Indio projects in southern Peru.

Shawn Wallace, president and chief executive officer, commented: "We are thrilled to have been able to acquire these high-quality projects over the past two years. Each project provides a significant stand-alone opportunity for major discoveries while our portfolio approach significantly lowers Auryn's overall risk profile. Two thousand seventeen will be a year where our technical and financial teams will capitalize on this foundation and execute our operational plan to realize the goal of value creation for all stakeholders and investors."

Auryn has revised its portfolio video which is now available on its website.

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