Mr. Ivan Bebek reports

AURYN CLOSES $1.9 MILLION FLOW-THROUGH FUNDING

Auryn Resources Inc. has closed its previously announced non-brokered flow-through private placement of 633,334 flow-through common shares at a price of $3 per FT share for gross proceeds of $1.9-million.

The company intends to use the net proceeds from the offering to finance its summer exploration program at the Committee Bay gold project in Nunavut.

The FT shares will qualify as flow-through shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada)) and will be sold on a charitable flow-through basis. The gross proceeds of the sale of the offering will be used to finance Canadian exploration expenses (within the meaning of the Income Tax Act (Canada)) to be incurred by no later than Dec. 31, 2020, for renunciation to investors in the offering effective Dec. 31, 2019.

The FT shares sold under the offering will be subject to a four-month hold period and will not be offered or registered in the United States.

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.

We seek Safe Harbor.