Mr. Ivan Bebek reports

AURYN INCREASES AND CLOSES NON-BROKERED PRIVATE PLACEMENT FOR $5.25 MILLION CAD

Auryn Resources Inc. has increased and closed its previously announced non-brokered private placement for $3.5-million to gross proceeds of $5,255,000. The placement now consists of approximately 3,284,375 common shares priced at $1.60 per share and included total insider participation of 596,875 shares.

Ivan Bebek, executive chairman and director, said: "Two thousand nineteen is turning out to be a pivotal year for Auryn with two major discovery opportunities developing at our flagship projects in Peru and Canada. The company appreciates the support it continually receives from shareholders as well as the notable insider participation in this financing."

The company intends to use the net proceeds from the offering to finance continued surface exploration at its Sombrero copper-gold project located in Ayacucho, Peru, and for general working capital.

The shares issued under the offering are subject to a four-month hold period and are not registered in the United States. A total of $110,000 was paid in commissions for the offering.

About Auryn Resources Inc.

Auryn Resources is a technically driven, well-financed junior exploration company focused on finding and advancing globally significant precious and base metal deposits. The company has a portfolio approach to asset acquisition and has seven projects, including two flagships: the Committee Bay high-grade gold project in Nunavut and the Sombrero copper-gold project in southern Peru. Auryn's technical and management teams have an impressive record of monetizing assets for all stakeholders and local communities in which the company operates. Auryn conducts itself to the highest standards of corporate governance and sustainability.

We seek Safe Harbor.