Company Closes Private Placement

750 Grand Boulevard North Vancouver, BC V7L 3W4

Tel: 604-924-9376 Fax: 604-924-9371

THIS NEWS RELEASE IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN FOR IMMEDIATE RELEASE (TSX V Symbol: AUX) December 22, 2017

COMPANY CLOSES PRIVATE PLACEMENT

Auramex Resource Corp. (the “Company”) announces that it has closed the private placement announced December 14, and December19, 2017, for a total of $125,000. The issuance is for a total of 2,500,000 units; 1,000,000 flow-through units and 1,500,000 non-flow-through units. The flow-through units are at $0.05 per unit for total proceeds of $50,000. Each unit consists of one flow-through common share and one half share purchase warrant. Each full share purchase warrant entitles the holder to purchase one non-flow-through common share for a period of two years from date of issue at a price of $0.055. The non-flow-through units are at $0.05 per unit for total proceeds of $75,000. Each unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to purchase one common share for a period of two years from date of issue at a price of $0.055 per share.

The common shares and warrants issued under this placement are subject to a four month hold period from the date of issue under applicable securities law.

The private placement has been approved by the Company’s board of directors excluding those directors that have a direct interest in the private placement.

The Company incurred $2,000 as finders’ fees in connection with the placement. The proceeds of the private placement will be used for property exploration and working capital.

The private placement is subject to the approval of the TSX Venture Exchange.

About Auramex

Auramex holds 190 square kilometers of mineral rights in BC’s Golden Triangle. The Georgia River property surrounds a past producing gold mine near tidewater, 18 km south of Stewart; the Tide North property is 4 km from an all-weather road; and the Bear Valley properties straddle highway 37A north and east of Stewart.

For information on Auramex please contact Judie Whitby at (604) 924-9376 or refer to the company’s website: www.auramex.com.

Neither the 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.