AURYN Mining Corporation announce the signing of a binding Letter of Intent (“LOI”) with Hochschild Mining PLC for the Las Dos Marias project. This LOI gives Hochschild the option to invest USD 7,000,000.00 into the LDM project over a 5-year period to earn a 51% joint venture interest in the LDM properties. An option to invest an additional USD 23,000,000.00 is available to Hochschild to gain an additional 9% interest. If all USD 30,000,000.00 is invested, Hochschild will own 60% of the LDM project with AURYN holding the remaining 40% as a joint venture partner. The LOI is subject to further due diligence and the signing of a definitive agreement.