AAN.V · 2019-12-17 12:00:00

Aton announces bridge loan

Financings Debt & Credit Facilities

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FOR IMMEDIATE RELEASE

Vancouver, December 17, 2019: Aton Resources Inc. (AAN: TSX-V) ("Aton" or the "Corporation") announces

that it has entered into a bridge loan facility (the "Facility") with Ou Moonrider ( "Moonrider"), a significant

shareholder of the Corporation. Pursuant to the Facility, the Corporation may borrow up to C$300,000.00 from

Moonrider, which Facility is repayable on the earlier of six months from closing, on the occurrence of various

standard events of default, or on the closing of any debt or equity financing by the Corporation in an amount

in excess of C$ 1.5 million. The Facility will bear interest at a rate of 10% per annum, payable when the Facility

is due.

In connection with the Facility, Moonrider will be issued bonus warrants upon each drawdown on the Facility

entitling it to acquire common shares of the Corporation at a price of $0.05 per share. The number of bonus

warrants issuable upon each drawdown shall be determined by dividing the drawdown amount by the share

price of the Corporation’s common shares on the date of drawdown. The bonus warrants will be exercisable

for a period of 12 months from each drawdown.

An initial drawdown under the Facility of C$82,000 has been completed entitling Moonrider to 2,733,333 bonus

warrants with an exercise price of $0.05 per share and an expiration date of December 17, 2020.

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 , while the Company awaits its Exploitation License at

its Hamama development project.

The Facility is subject to the approval of the TSX Venture Exchange.

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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

identified 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. Three 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 km 2 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.