Mr. Tonno Vahk reports

ATON ANNOUNCES WARRANT EXERCISE

OU Moonrider, a significant shareholder of Aton Resources Inc., has exercised certain outstanding share purchase warrants of the corporation which it held.

Warrant exercise:

• On March 6, 2024, Moonrider exercised share purchase warrants to acquire 20 million shares. The 20 million warrants were exercised at a price of 20 cents per share for total consideration of $4-million.
• Prior to the warrant exercise, Moonrider beneficially owned, controlled or directed an aggregate of 41,001,726 shares and 20 million share purchase warrants, representing approximately 52.06 per cent of the outstanding shares of Aton on a non-diluted basis and approximately 61.77 per cent on a partially diluted basis, assuming Moonrider's exercise of its warrants.
• Following the warrant exercise, Moonrider beneficially owns, controls or directs an aggregate of 61,001,726 shares, representing approximately 61.77 per cent of the outstanding shares of Aton on a non-diluted basis.
• Moonrider may, depending on market or other conditions, increase or decrease its beneficial ownership, control or direction over, or exercise its current rights to acquire, shares through market transactions, private agreements or otherwise.
• This press release is being disseminated as required by National Instrument 62-103 (the Early Warning System and Related Take Over Bids and Insider Reporting Issuers) in connection with the filing of an early warning report.
• An early warning report will be electronically filed by Moonrider with the applicable securities commission in each jurisdiction where Aton is reporting and will be available on SEDAR+.

About Aton Resources Inc.

Aton (TSX Venture Exchange: AAN) is focused on its 100-per-cent-owned Abu Marawat concession, located in Egypt's Arabian-Nubian Shield, approximately 200 kilometres north of Centamin's world-class Sukari gold mine. Aton has identified numerous gold and base metal exploration targets at Abu Marawat, including the Hamama deposit in the west, the Abu Marawat deposit in the northeast and the Rodruin deposit in the south of the concession. Two historic British gold mines are also located on the concession at Semna and Sir Bakis. Aton has identified several distinct geological trends within Abu Marawat, which display potential for the development of a variety of styles of precious and base metal mineralization. The Abu Marawat exploitation lease is 57.66 square kilometres in size, covering the Hamama West and Rodruin mineral deposits, was established in January, 2024, and is valid for an initial period of 20 years. The concession also includes an additional 255.0 square kilometres of exploration areas at Abu Marawat, retained for a further period of four years from January, 2024. Abu Marawat is located in an area of excellent infrastructure, with a four-lane highway, a 220-kilovolt power line and a water pipeline, in close proximity, as are the international airports at Hurghada and Luxor.

We seek Safe Harbor.