Mr. Pierre Gauthier reports

AUXICO ANNOUNCES FINAL ICC ARBITRATION AWARD OF USD $2.2 MILLION AGAINST JBNX (BRAZIL)

The International Court of Arbitration of the International Chamber of Commerce has issued its final award in case No. 27317/PDP (EPP) with Auxico Resources Canada Inc. The award is final, binding and not subject to appeal.

The arbitrator concluded that JBNX Holding e Participacoes Ltda. breached its contractual obligations under a 2020 purchase agreement by failing to deliver 10,163 metric tonnes of manganese ore that Auxico had paid for.

As a result, the arbitrator ordered JBNX to pay Auxico $1,992,756 (U.S.) in principal damages, plus interest, legal fees and arbitration costs, for a total award of approximately $2.2-million (U.S.).

Auxico is undertaking the steps required to enforce the award in Brazil.

About Auxico Resources Canada Inc.

Auxico is a Canadian company that was founded in 2014 and based in Montreal, trading on the Canadian Securities Exchange under symbol AUAG. Auxico is engaged in the acquisition, exploration and development of mineral properties in Colombia and Bolivia.

We seek Safe Harbor.