Mr. Morgan Tincher reports

AURIC RESOURCES ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT

Auric Resources Corp. has closed its non-brokered private placement. In connection with the closing of the offering, the company has issued 4.3 million common shares in the capital of the company at a price of five cents per share for gross proceeds of $215,000.

The net proceeds of the offering will be used to finance the company's property-related expenditures and for working capital purposes. The shares issued under the offering are subject to a hold period expiring on Dec. 18, 2026.

Upon closing of the offering, the company paid finders' fees of $4,500 to certain arm's-length third parties which assisted in introducing subscribers to the offering.

A director of the company (the insider) participated in the offering by subscribing for one million shares at the issue price. Participation of the insider in the offering constitutes a related-party transaction for the purposes of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The issuance of shares to the insider is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in Section 5.5(b) as the company's securities are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(1)(a) of MI 61-101 in that the fair market value of the consideration of the shares issued to the insider of the company does not exceed 25 per cent of the company's market capitalization. The company did not file a material change report at least 21 days in advance of the closing of the offering as the participation of such insider in the offering had not been confirmed at that time.

We seek Safe Harbor.