Mr. Matti Talikka reports

AURION ANNOUNCES BROKERED PRIVATE PLACEMENT FOR UP TO C$10.0 MILLION

Aurion Resources Ltd. has entered into a letter agreement with Red Cloud Securities Inc. to act as lead agent and sole bookrunner on behalf of a syndicate of agents in connection with a fully marketed private placement for the sale of up to 11,111,111 common shares of the company at a price of 90 cents per offered share for gross proceeds of up to $10-million.

The company has granted to the agents an option, exercisable in full or in part up to 48 hours prior to the closing of the offering, to sell up to an additional 1,666,667 offered shares at the offering price for additional gross proceeds of up to $1.5-million.

The company plans to use the net proceeds of the offering for the exploration and advancement of the company's Risti and Launi projects in Finland and for general working capital purposes.

The offering is scheduled to close on or around Nov. 25, 2021, and is subject to certain conditions, including, but not limited to, the receipt of all necessary approvals, including the approval of the TSX Venture Exchange. The offered shares will have a hold period of four months and one day from the closing date of the offering.

About Aurion Resources Ltd.

Aurion 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 its 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 Corp. in Finland.

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