Aurion Resources Ltd. (TSX VENTURE: AU) (OTCQX: AIRRF) ('Aurion' or the 'Company') announces results from exploration activities completed by its Joint Venture (JV) partner, B2Gold Corp. (TSX: BTO) ('B2Gold') on the Kutuvuoma East and Sinerma areas in the Central Lapland Greenstone Belt in northern Finland.

Exploration activities in 2021

B2Gold is planning to increase the level of exploration activities in 2021 with an initial budget of CAN$6 million. The preliminary plans include geophysical surveys, trenching, base of till sampling and at least 5,000 m of diamond drilling with a focus on the Kutuvuoma-Ikkari area. Rupert Resources' Ikkari discovery is located 100-300 m from the JV property boundary with the prospective geological sequence interpreted to extend to the JV area. The possible extensions of the discovery will be tested following the granting of the adjacent exploration permits.

Background

On August 13th, 2019, B2Gold exercised its option to acquire a 51% interest in the Finland Joint Venture covering approximately 29,000 hectares, which include the Kutuvuoma, Ahvenjarvi and Sinerma projects. Since inception of the agreement, dated January 13, 2016, B2Gold completed over CAN$5 million in exploration expenditures, paid Aurion CAN$50,000 in cash and issued 550,000 B2Gold shares over a four-year period to complete the requirements of the first option.

B2Gold is currently earning an additional 19% interest by spending a further CAN$10 million over two years, and, if exercised, an additional 5% interest by completing a feasibility study, for a total of 75%.

About Aurion Resources Ltd.

Aurion Resources Ltd. (Aurion) is a 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 metals exploration opportunities and advance them through direct exploration by our 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 joint venture arrangements with Kinross Gold Corp., B2 Gold Corp., and Strategic Resources Inc. in Finland.

Contact:

Mark Santarossa

Tel: (416) 371-1325

Email: msantarossa@aurionresources.ca

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