Aurion Resources Ltd. — Major Shareholding Notification 2021

Aug 19, 2021

Shareholder News Release

TORONTO, Aug. 19, 2021 /CNW/ - In accordance with the requirements of Section 3.1 of National Instrument 62-103, Lotan Holdings Inc. (" Lotan "), of 120 Adelaide Street West, Suite 1410, Toronto, Ontario, M5H 1T1 announces that it has acquired 32,800 common shares (the " Shares ") of Aurion Resources Ltd. (" Aurion "), of 120 Torbay Road, Suite W240, St. John's, NL A1A 3G8 through the facilities of the TSX Venture Exchange (the " Transaction "). Lotan now owns or has control of 9,902,182 Shares of Aurion, or approximately 10.02% of the current issued and outstanding Shares of Aurion.

Immediately prior to the Transaction, Lotan held 9,869,382 Shares representing approximately 9.98% of the issued and outstanding Shares of Aurion. Immediately after the Transaction, Lotan held 9,902,182 common shares representing 10.02% of the issued and outstanding common shares of Aurion.

Lotan acquired the Shares for investment purposes and may acquire additional securities or dispose of existing securities of Aurion, in the market or privately, from time to time as circumstances warrant. The securities of Lotan set out above are held directly, and not through control of another entity.

Aurion trades on the TSX Venture Exchange under the symbol "AU".

A copy of the early warning report filed by Lotan in connection with this acquisition is available on the SEDAR website at www.sedar.com or by contacting Lotan at 416-646-7325.

Lotan Holdings Inc.

/s/ " David Lota n" David Lotan, President

SOURCE Aurion Resources Ltd.

View original content: http://www.newswire.ca/en/releases/archive/August2021/19/c7323.html

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CO: Aurion Resources Ltd. CNW 08:04e 19-AUG-21