Mr. Tonno Vahk reports

ATON ANNOUNCES THE COMPLETION OF AND THE FIRST RESULTS FROM ITS RC EXPLORATION DRILLING PROGRAMME AT ABU MARAWAT

Aton Resources Inc. has completed the reverse circulation percussion (RC) program drilling at its 100-per-cent-owned Abu Marawat concession in the Eastern Desert of Egypt, as well as the first results from the West Garida and Abu Gaharish prospects.

Highlights:

• 85 holes were drilled, for a total of 11,700 metres, during the regional exploration RC program at the West Garida, Abu Gaharish, Semna and Zeno prospects;
• A further 628 m was drilled from three groundwater exploration holes approximately 20 kilometres west of the Hamama project area;
• Significant flows were recorded from the groundwater exploration holes within Nubian sandstone cover rocks, proving the concept that this unit could provide process water supplies for the planned Hamama West and Rodruin mining projects;
• Significant mineralized intersections from the Abu Gaharish prospect included nine m at 2.10 grams per tonne (g/t) gold (Au), three m at 4.61 g/t Au and three m at 3.27 g/t Au. The gold mineralization was primarily concentrated in a broadly mineralized envelope at the Gaharish Main zone;
• Narrow mineralized intersections at West Garida included two m at 3.66 g/t Au and 24.3 g/t silver (Ag) from Vein No. 1 and one m at four g/t Au from Vein No. 3.

"We are pleased to announce the successful completion of the regional RC exploration drilling program at Abu Marawat, and to provide the first tranche of results," said Tonno Vahk, interim chief executive officer. "We are particularly happy with the results of the groundwater drilling in the Nubian sandstone west of Hamama, designed to test the potential of these rocks to provide process water supplies to the planned starter heap-leach mining project at Hamama West. The results were very encouraging with the drilling intersecting significant groundwater hosted in the Nubian cover. It is particularly encouraging that the drilling did not penetrate deep enough to intersect the main target, the basal Tarif sandstone unit of the Nubian, which suggests that this unit may host significant groundwater resources closer to Hamama than was previously anticipated. EMRA continue to review our submission to them detailing commercial discoveries at the Hamama West and Rodruin deposits, in accordance with the terms of the Abu Marawat concession agreement, and we are hopeful that this process is moving towards a successful conclusion and the issuance of the mining licence at Abu Marawat. The issuance of the first gold mining licence in Egypt to a publicly listed foreign investor since Sukari in 2005 would represent a very significant step forwards for Aton, as well as for Egypt, the Ministry of Petroleum and EMRA."

Two thousand twenty-three Abu Marawat RC drilling program

The exploration RC drilling, undertaken by Geodrill's Egyptian branch, Geodrill for Leasing and Specialized Services Freezone LLC, commenced at the West Garida prospect, three kilometres east of Hamama West. Prior to the rig being mobilized to Abu Gaharish, three groundwater exploration holes were also drilled to test the Nubian sandstone aquifer approximately 20 km west of the Hamama project. Drilling at Abu Gaharish, and subsequently at the Semna and Zeno prospects, was supported by fly camps. The drill metres for the program are summarized in the table entitled "Breakdown of the RC drilling completed."

Groundwater exploration drilling

Two holes, HAW-01 and HAW-02, were drilled south of the Hamama access road approximately 20 km west of the Hamama West mineral deposit, to test the potential of the Nubian sandstone formation to produce sufficient volumes of process water for the proposed Hamama West. Hole HAW-03 was drilled approximately four km farther east of HAW-01, back toward Hamama. Details and locations of the holes are provided in the table entitled "Collar details of groundwater exploration drill holes."

The RC holes were drilled at 5-3/4-inch diameter, with holes HAW-02 and HAW-03 reducing to 5-1/2-inch diameter. Holes HAW-01 and HAW-02 were cased through the surface alluvial sheet wash deposits to 12 metres depth, and HAW-03 was cased to 30 metres depth.

Hole HAW-01 failed to intersect any water by its target depth of 100 m and was terminated. Holes HAW-02 and HAW-03 both intersected significant groundwater from about 120 m depth, with the drillers unable to keep the holes and samples dry. Hole HAW-02 was terminated at 294 m and HAW-03 was terminated at 234 m, due to the hole collapsing in water-bearing sandstones.

All holes were drilled through a variegated sequence of predominantly brown, red, grey and black shales and mudstones, with intercalated sandstone units interpreted as belonging to the Quseir unit of the Cretaceous Nubian sandstone formation. The target basal Tarif sandstone unit of the Nubian sandstone formation was not intersected in any of the three holes.