Mr. Matti Talikka reports

AURION ANNOUNCES COMMENCEMENT OF EXPLORATION ACTIVITIES BY KOBOLD METALS

KoBold Metals Company has commenced exploration activities on the project area covering approximately 35 kilometres in the eastern portion of Aurion Resources Ltd.'s 160-square-kilometre wholly owned Risti property in the central Lapland greenstone belt in northern Finland.

Summary:

• Extensive base of till and bedrock chip sampling program commenced on the KoBold project area:
  • A key exploration method for gold and critical mineral discoveries including Ikkari deposit by Rupert Resources and Sakatti deposit by Anglo American;
• Aurion and KoBold signed a critical mineral exploration agreement in March, 2025:
  • Press release dated March 19, 2025; key terms:
  • Earn-in: KoBold can earn an undivided 75-per-cent interest in commodities discovered in the project area (other than any discoveries that are predominantly gold or silver) by incurring $12-million (U.S.) in exploration expenditures on or before the fifth anniversary of the date of signing the agreement, and KoBold commits to a $1-million (U.S.) minimum exploration expenditure within 18 months;
  • Joint venture: following satisfaction by KoBold of the earn-in requirements, a joint venture will be established with KoBold owning 75 per cent and Aurion 25 per cent;
  • Net smelter return royalty: in case an ownership interest in the joint venture is diluted to below 10 per cent, the ownership interest will be converted to a 2-per-cent net smelter return royalty;
  • Aurion retains full ownership rights over areas within the project area where the predominant mineral in a discovery is gold or silver and has the right to continue exploration activities in the project area during the earn-in phase and the joint venture phase as long as it holds an ownership interest;
  • Aurion to act as the field operator during the first 12-month period;
• Drilling continuing at the Vanha prospect in the Kaaresselka area.

Comment

"We are excited to commence the exploration activities with KoBold's highly knowledgeable and innovative team," commented Matti Talikka, Aurion's chief executive officer. "The extensive sampling program will generate valuable data for gold and critical minerals exploration and utilizes a key method applied in the discovery process of all significant deposits in the region, including Kittila (Agnico Eagle), Sakatti (Anglo American) and Ikkari (Rupert Resources)."

About Aurion Resources Ltd.

Aurion is a well-financed, Canadian exploration company listed on the TSX Venture Exchange and on the OTCQX Best Market. Aurion's strategy is to generate or acquire early-stage precious metal exploration opportunities and advance them through direct exploration by its 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 and KoBold Metals in Finland.

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