Mr. Ivan Bebek reports

AURYN INCREASES AND COMPLETES FLOW-THROUGH FUNDING FOR $7.3 MILLION

Due to significant demand, Auryn Resources Inc. has increased and closed its previously announced non-brokered flow-through private placement for $4.6-million to gross proceeds of $7.3-million. The placement now consists of approximately 2.1 million flow-through common shares priced at $1.60 per flow-through share and approximately 2.2 million charity flow-through shares priced at an average of $1.80 per charity flow-through share.

Goldcorp Inc. will maintain its pro rata interest in Auryn (approximately 12.4 per cent) by acquiring 490,000 common shares from the purchasers of the Charity flow-through shares.

The company intends to use the net proceeds from the offering to finance the Committee Bay drill program, a Homestake Ridge follow-up drill program of approximately 3,000 metres and a refined targeting program at the Gibson MacQuoid project.

The flow-through shares will qualify as flow-through shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada)). The charity flow-through shares will also qualify as flow-through shares and were 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, 2019, for renunciation to investors in the offering effective Dec. 31, 2018.

The shares under the offering are subject to a four-month hold period and were not offered or registered in the United States. A total of $350,000 was paid in commissions for the offering.

About Auryn Resources Inc.

Auryn Resources is a technically driven junior mining exploration company focused on delivering shareholder value through project acquisition and development. The company's management team is highly experienced with an impressive record of success and has assembled an extensive technical team as well as a premier gold exploration portfolio. Auryn Resources is focused on scalable high-grade gold deposits in established mining jurisdictions, which include the Committee Bay and Gibson MacQuoid gold projects located in Nunavut, the Homestake Ridge gold project in British Columbia and a portfolio of gold projects in southern Peru (through Corisur Peru SAC).

We seek Safe Harbor.