AUQ Gold Provides Bi-Weekly Default Status Report

August 11, 2021, Vancouver, British Columbia – AuQ Gold Mining Inc. (TSXV:AUQ; PINK:NSVLF) (the “Company”) announces that further to its news release dated June 29, 2021 (the “Default Announcement”), the Company’s principal regulator, the British Columbia Securities Commission (the “BCSC”) granted a management cease trade order (the “MCTO”) on June 29, 2021, under National Policy 12-203 Management Cease Trade Orders (“NP 12-203”).

Pursuant to the MCTO, the Chief Executive Officer and the Chief Financial Officer may not trade in securities of the Company until such time as the Company files its annual audited financial statements for the year ended February 28, 2021, including the related management’s discussion and analysis, and related certifications on or before July 30, 2021 (collectively the “Required Documents”) and the Executive Director of the BCSC revokes the MCTO. The MCTO does not affect the ability of shareholders to trade their securities. Further to the Company’s news release dated July 21, 2021 the Company has been granted an extension by the BCSC to file the Required Documents on or before August 16, 2021 (the “Extension”). The Company expects to file the Required Documents on or before August 16, 2021.

The Company’s Board of Directors and management confirm that they are working expeditiously to file the Required Documents and confirm that since the Company’s press release dated June 29, 2021 except as set out above with respect to the Extension regarding the date to file the Required Documents:

• There have been no material changes to the information contained in the Default Announcement that would reasonably be expected to be material to an investor;
• There have been no failures by the Company to fulfill its stated intentions with respect to satisfying the provisions of the alternative information reporting guidelines under NP 12-203;
• There has not been, nor is there anticipated to be, any specified default subsequent to the default which is the subject of the Default Announcement; and
• There have been no material changes in respect of the Company’s affairs that have not been generally disclosed.

Until the Required Documents have been filed, the Company intends to continue to satisfy the provisions of the alternative information guidelines specified in NP 12-203 by issuing bi-weekly default status reports in the form of further press releases for so long as the Company remains in default of the financial statement filing requirement.

On behalf of the Board of Directors,

“Glen Macdonald”

CEO and Director Tel.: 604-719-8129

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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