Mr. Matti Talikka of Aurion reports

AURION ANNOUNCES B2GOLD'S AGREEMENT TO CONTRIBUTE TO NSR ROYALTY BUYBACK

Aurion Resources Ltd. has entered into an agreement with B2Gold Corp., whereby B2Gold has agreed to contribute 3.5 million euros for the repurchase of the 3-per-cent net smelter return royalty covering the Kutuvuoma project, which is part of the joint venture between B2Gold (holding a 70-per-cent interest) and Aurion (holding a 30-per-cent interest).

As previously announced in news releases dated May 31, 2023, and July 10, 2023, Aurion entered into an option agreement dated May 29, 2023, with Dragon Mining Ltd., which provided Aurion with the option to acquire and eliminate all encumbrances on the Kutuvuoma and Silasselka projects, including the Kutuvuoma royalty and a 3-per-cent net smelter return royalty covering the Silasselka project, for total consideration of five million euros and 37,500 common shares of Aurion.

B2Gold has agreed to contribute 3.5 million in cash to finance the exercise of the option. As a result, Aurion's contribution to the option exercise will be 1.5 million in cash, shares or a combination of both (provided that any issuance of shares will not exceed the number of shares that would result in Dragon owning or having control or direction over 9.9 per cent of the then-issued shares), at the company's discretion on or any time before Sept. 30, 2023.

About Aurion Resources Ltd.

Aurion Resources is a well-financed Canadian exploration company listed on the TSX Venture Exchange (TSX-V: AU) and the OTCQX Best Market (OTCQX: AIRRF). Aurion's strategy is to generate or acquire early-stage precious metal 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 flagship Risti and Launi projects as well as advancing its joint venture properties with B2Gold and Kinross in Finland.