File: Attachment cmq-press release (warrant extension).pdf

AUXICO RESOURCES CANADA INC.

NEWS RELEASE

AUXICO ANNOUNCES WARRANT TERMS AMENDMENT

Montreal, Quebec / October 19, 2026 - Auxico Resources Canada Inc. (CSE: AUAG) ("Auxico" or the "Company") announces an amendment to the terms of a total of 5,875,000 common share purchase warrants (the "Warrants") originally issued on October 20, 2023. The expiry date will be extended by 24 months and the exercise price will remain at $0.25 per common share.

No. of Warrants: Original Expiry New Expiry Date of Exercise Price of 5,875,000 Date of Warrants: Warrants: Warrants: October 19, 2026 $0.25 October 19, 2028

None of the Warrants have been exercised as of the date hereof. All other terms of the Warrants will remain unchanged. In accordance with the requirements of the Canadian Securities Exchange (the "CSE"), the terms of any warrants issued as compensation warrants or as finder warrants are not eligible for amendment. The amendments are subject to the final approval of the CSE.

About Auxico Resources Canada Inc.

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

Additional information on Auxico can be found on the Company's website (www.auxicoresources.com) or on SEDAR+ (www.sedarplus.ca) under "Auxico Resources Canada Inc."

Contact Pierre Gauthier President, Auxico Resources Canada Inc. pg@auxicoresources.com Cautionary Note Regarding Forward-Looking Statements

This release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change.

Neither the CSE nor its market regulator, as that term is defined in the policies of the CSE, accepts responsibility for the adequacy or accuracy of this release.