AAN.V · 2020-02-27 12:00:00

Aton announces additional bridge loan draw

Financings Debt & Credit Facilities

FOR IMMEDIATE RELEASE

Vancouver, February 27, 2020: Aton Resources Inc. (AAN: TSX-V) ("Aton" or the "Corporation") announces

that further to its news release of December 17, 2019, it has drawn an additional $141,000 pursuant to its

bridge loan facility (the "Facility") with Ou Moonrider ("Moonrider"). The proceeds of the Facility will be used

by the Corporation to fund further work at its Abu Marawat Concession, and for general working capital

purposes.

In connection with this draw, Moonrider has been issued 2, 820,000 non-transferable warrants exercisable for

one common share at a price of $0.05 per warrant with an expiration date of February 27, 2021. In connection

with the Corporation's initial draw of $82,000 under the Facility on December 17, 2019, Moonrider has been

issued 1,640,000 warrants exercisable at $0.05 per warrant expiring February 27, 2021 .

About Aton Resources Inc.

Aton Resources Inc. (AAN: TSX-V) is focused on its 100%

owned Abu Marawat Concession ( "Abu Marawat "),

located in Egypt 's Arabian-Nubian Shield, approximately

200 km north of Centamin's world-class Sukari gold mine.

Aton has ident ified numerous gold and base metal

exploration targets at Abu Marawat, including the

Hamama deposit in the west, the Abu Marawat deposit in

the northeast, and the advanced Rodruin exploration

prospect in the south of the Concession. T hree historic

British mines are also located on the Concession at Sir

Bakis, Semna and Abu Garida. Aton has identified several

distinct geological trends within Abu Marawat, which

display potential for the development of a variety of styles

of precious and base metal mineralisation. Abu Marawat

is over 596 km2 in size and is located in an area of

excellent infrastructure; a four -lane highway, a 220kV

power line, and a water pipeline are in close proximity, as

are the international airports at Hurghada and Luxor.

For further information regarding Aton Resources Inc.,

please visit us at www.atonresources.com or contact:

MARK CAMPBELL

President and Chief Executive Officer

Tel: +202-27356548

Note Regarding Forward-Looking Statements

Some of the statements contained in this release are forward-looking statements. Since forward-looking statements

address future events and conditions; by their very nature they involve inherent risks and uncertainties. Actual results

in each case could differ materially from those currently anticipated in such statements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.