Mr. Arthur Brown reports

ASTORIUS PROVIDES CORPORATE UPDATE

Astorius Resources Ltd. has provided an update for shareholders. The company successfully completed its most recent financing (news release dated Feb. 7, 2020) and is currently planning its exploration and development objectives for the upcoming quarters. With the recent acquisition of an additional gold property located along the Cadillac fault in Val d'Or and proximal to the Exxeter gold deposit, the company is focused on enhancing shareholders in 2020 through the furtherance of its exploration assets and the acquisition of strategic gold targets.

In 2019, gold had its best performance since 2010 when it gained 30 per cent in the fallout of the housing and financial crisis, rising by 18.4 per cent in United States-dollar terms. Gold has outperformed major global bond and emerging market stock benchmarks in the same period.

Gold continues to break higher in 2020 despite a strong United States dollar, with a well-known chart set-up looking like it is driving to move higher according to recent article by DailyFX. On Feb. 19, 2020, Citi upgraded its six-to-12-month price target for gold to $1,700 per ounce and upgraded its 2020 base case average gold price forecast from $1,575 to $1,640 per ounce.

Citi commodity strategists also projected fresh nominal highs of $2,000 per ounce to be breached in the next 12 to 24 months. Gold is breaking above a major point of resistance and moving up to new multiyear highs. "We are incredibly pleased with what is happening in the gold sector at the moment. Astorius is well positioned to capitalize upon the continued outstanding performance of gold and we expect to make significant strides this year," stated Arthur Brown, president and director.

About Astorius Resources Ltd.

Astorius is engaged in the business of mineral exploration for the purpose of acquiring and advancing mineral properties located in North America and South America.

We seek Safe Harbor.