Aurion Resources Ltd. (TSX-V: AU) (OTCQX: AIRRF) announces that it has completed its previously announced non-brokered private placement of Units with Kinross Gold Corporation, resulting in Kinross maintaining its ownership position of 9.99% on a partially diluted basis.

Kinross Private Placement

Under the Kinross Private Placement, the Company issued an aggregate of 885,000 Units at a price of C$0.84 per Unit for total gross proceeds of C$743,400. By news release dated August 26, 2025, the Company announced a non-brokered private placement of Units with a strategic investor. Each Unit is comprised of one common share of Aurion and one-half of one Common Share purchase warrant of Aurion. Each Warrant entitles the holder to acquire one Common Share at a price of C$1.08 for a period of three years following the closing date of the Offering, subject to acceleration in certain circumstances. The Offering closed on September 3, 2025.

Kinross initially purchased 6,853,500 Common Shares of the Company by way of private placement in September 2017, thus acquiring 9.98% of the then issued and outstanding Common Shares of the Company.  Kinross has the right to maintain its pro rata share interest in the Company for so long as it owns at least 5% of the issued and outstanding Common Shares of the Company from time to time. On closing, Kinross will hold approximately 9.75% of the issued and outstanding Common Shares of Aurion on a non-diluted basis and approximately 9.99% of the issued and outstanding Common Shares on a partially diluted basis.

Concurrently with the closing of the Kinross Private Placement, Kinross was granted certain additional rights, provided Kinross maintains certain ownership thresholds in the Company, including: (i) the right to participate in future equity financings and top-up its holdings in the event of dilutive issuances in order to maintain its pro rata ownership in the Company at the time of such financing or acquire up to a 9.99% ownership interest, on a partially-diluted basis, in the Company; and (ii) the right (which Kinross has no present intention of exercising) to nominate one person (and in the case of an increase in the size of the board of directors of Aurion to eight or more directors, two persons) to the board of directors of Aurion.

The Company plans to use the net proceeds of the Offerings for the exploration and advancement of the Company’s Flagship Risti Project in Finland, as well as for general working capital purposes.

The securities to be offered under the Kinross Private Placement have not been, and will not be, registered under the U.S. Securities Act or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor in any other jurisdiction.

About Aurion Resources Ltd.

Aurion Resources Ltd. is a well-funded Canadian exploration company listed on the TSX Venture Exchange and the OTCQX Best Market. 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 Risti project, as well as advancing its joint venture properties with B2Gold Corp., Kinross Gold Corporation and KoBold Metals Company in Finland.