Mr. Matti Talikka reports

AURION ANNOUNCES KINROSS AGREEMENT TO PURCHASE ADDITIONAL UNITS IN AURION TO MAINTAIN OWNERSHIP POSITION

Aurion Resources Ltd. has arranged a non-brokered private placement of units to Kinross Gold Corp. which, on closing, will result in Kinross maintaining its ownership position of 9.99 per cent on a partially diluted basis.

By news release dated Aug. 26, 2025, the company announced a non-brokered private placement with a strategic investor for 11.06 million units of the company for total consideration of $9,290,400 at a price of 84 cents per unit. Each unit comprises one common share of Aurion and one-half of one common share purchase warrant of Aurion. Each warrant entitles the holder to acquire one common share at a price of $1.08 for a period of three years following the closing date of the offering, subject to acceleration in certain circumstances. The offering closed on Sept. 3, 2025.

Kinross initially purchased 6,853,500 common shares of the company by way of private placement in September, 2017, thus acquiring 9.98 per cent of the then issued and outstanding common shares of the company. Kinross has the right to maintain its pro rata share interest in the company for so long as it owns at least 5 per cent of the issued and outstanding common shares of the company from time to time. The Kinross private placement is expected to comprise the sale of 885,000 units at a price of 84 cents per unit for total proceeds of $743,400. The units comprising the Kinross private placement will have the same terms and conditions as the units issued to the strategic investor. On closing, Kinross will hold approximately 9.75 per cent of the issued and outstanding common shares of Aurion on a non-diluted basis and approximately 9.99 per cent of the issued and outstanding common shares on a partially diluted basis.

As part of the investor rights agreement with the strategic investor, the strategic investor has the right to exercise its pro rata ownership following the Kinross private placement. Should the strategic investor exercise its right, the strategic investor may subscribe for up to an additional 70,000 units for total proceeds of $58,800.

Should the strategic investor exercise its right to maintain its position, the combined total units to be issued in connection with the Kinross private placement will be 955,000 for combined total proceeds of $802,200, and the resulting pro rata share ownership in Aurion would be approximately 9.74 per cent non-diluted and approximately 9.99 per cent partially diluted for Kinross and approximately 6.89 per cent non-diluted and approximately 9.99 per cent partially diluted for the strategic investor.

The company plans to use the net proceeds of the non-brokered offering and the Kinross private placement for the exploration and advancement of the company's Flagship Risti project in Finland, as well as for general working capital purposes.

Concurrently with the closing of the Kinross private placement, Aurion will grant certain additional rights to Kinross, provided Kinross maintains certain ownership thresholds in the company, including the right to top up its holdings in the event of dilutive issuances in order to maintain its pro rata ownership in the company at the time of such financing, or acquire up to a 9.99-per-cent ownership interest in the company on a partially diluted basis, and other rights as agreed.

The closing of the Kinross private placement and the potential top up exercise of the strategic investor are expected to occur on or about Sept. 16, 2025, and are subject to certain conditions, including, but not limited to, the receipt of any necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued will be subject to a hold period of four months and one day from the closing.

About Aurion Resources Ltd.

Aurion Resources is a well-funded Canadian exploration company listed on the TSX Venture Exchange and the OTCQX Best Market. Aurion's strategy is to generate or acquire early stage precious metals exploration opportunities and advance them through direct exploration by the company's experienced team or by business partnerships and joint venture arrangements. Aurion's current focus is exploring on its Risti project, as well as advancing its joint venture properties with B2Gold Corp., Kinross Gold Corp. and KoBold Metals Company in Finland.

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