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Aton announces new discovery at the West Garida prospect, drilling 41 g/t Au and 263 g/t Ag

Drill Results

FOR IMMEDIATE RELEASE

Aton announces new discovery at the West Garida

prospect, drilling 41 g/t Au and 263 g/t Ag

Vancouver, British Columbia, September 1, 2022: Aton Resources Inc. (AAN: TSX -V) (“Aton” or the

“Company") is pleased to update investors on drilling results from the West Garida prospect , located in the

Company’s 100% owned Abu Marawat Concession (“Abu Marawat” or the “Concession”) , in the Eastern

Desert of Egypt.

Highlights:

• 5 percussion RC holes were drilled at the West Garida prospect, testing the down dip extensions of

mineralised quartz veins mapped at surface;

• All 5 holes intersected mineralisation associated with the targeted narrow quartz veins ;

• Hole WGP-003 intersected 41.7 g/t Au, 263 g/t Ag and 2.08% Pb over a 1m interval from 17m depth;

• Hole WGP-005 intersected 1.54 g/t Au over a 5m interval from 65m depth.

“We are very excited to be able to announce the discovery of high grade quartz vein associated mineralisation

from this new drilling at West Garida” said Tonno Vahk, Interim CEO . “ West Garida is an area that has

interested us since we first mapped it in 2017, has been on our radar since then, and we are delighted with

the results from this initial short RC programme. Its proximity to the Hamama West deposit makes it particularly

interesting, in terms of its potential ease of development, and West Garida agai n confirms the outstanding

exploration potential of the entire Abu Marawat Concession. We continue to push strongly ahead at both

Rodruin and Hamama West, but these new results show the bigger potential of the Concession, which we fully

intend to develop over time. We anticipate further follow-up drilling to come at West Garida, as we look to shift

our drilling focus to the numerous other high priority exploration targets at Abu Marawat, including Abu

Gaharish, which appears to be a Sukari analogue, following the completion of the current diamond drilling

programme at Rodruin. We continue to fully believe that very exciting times lie ahead for Aton”.

West Garida Prospect

The West Garida prospect is located approximately 3 km east-northeast of the Hamama West deposit (Figure

1) and is accessed by a road constructed in 2017. A short programme consisting of 5 vertical reverse circulation

percussion (“RC”) drill holes was completed at West Garida during a break in the Hamama West drilling

programme (see news release dated August 26, 2022).

The West Garida prospect was discovered, mapped and sampled by Aton geologists in 2017, with individual

surface channel samples returning grades including 99.6 g/t and 45.6 g/t A u (see news release dated

October 17, 2017). Visible gold was identified in several samples associated with the quartz vein hosted

mineralisation. West Garida is located approximately 500m from the western margin of a “Younger Granite”

intrusive and is more or less along the strike of the Hamama West deposit. The general geology of the West

Garida area is similar to that at Hamama West and is characterised by a sequence of intermediate to felsic

volcanic and pyroclastic rocks that are cut by a number of sub-volcanic felsic intrusive bodies.

Mineralisation at West Garida occurs in shallow dipping, narrow gold- bearing quartz veins, and mapping by

Aton geologists has identified the presence of three principle gold bearing veins, Veins #1 to #3 (Figure 2),

which have all been worked in ancient times , as well as a further three to four minor veins. There are also

extensive ancient superficial workings in colluvium in the general surrounding area. Further details on the West

Garida prospect can be found in the news release dated October 17, 2017.

Figure 1: Geology plan of the Abu Marawat Concession, showing the location of the West Garida prospect

West Garida RC Drilling Programme

Hole ID

Collar co-ordinates 1

Dip 2 Grid

azimuth 2

EOH

depth (m) Comments

X Y Z

WGP-001 536786 2915103 620 -90 - 100 Testing vein #3

WGP-002 536733 2915113 617 -90 - 80 Testing vein #3

WGP-003 536827 2914982 623 -90 - 50 Testing vein #2

WGP-004 536803 2914939 622 -90 - 70 Testing vein #2

WGP-005 537328 2914767 622 -90 - 90 Testing vein #1

Notes:

1) Collar co-ordinates surveyed by handheld Garmin GPS, collars to be later surveyed by total station

2) Holes were not down hole surveyed, due to vertical orientation of drilling

3) All co-ordinates are UTM (WGS84) Zone 36R

Table 1: Collar details of RC percussion holes WGP-001 to WGP-005

5 shallow RC holes were drilled at West Garida, for a total of 390m, to test the mapped shallow dipping quartz

veins (Figure 2). Holes were initially laid out using handheld GPS. Collar details of t he holes are provided in

Table 1.

Figure 2: Drill hole collar plan of the West Garida area

All 5 RC holes intersected mineralisation associated with quartz vei ns and stringers, and significant assay

results and intersections are provided below in Table 2:

Hole ID

Intersection (m) 1 Au

(g/t)

Ag

(g/t)

Cu

(ppm)

Pb

(ppm)

Zn

(ppm) Comments

From To Interval

WGP-001 17.0 18.0 1.0 0.56 0.7 65 16 401 Vein #3 - mineralisation

associated with quartz

stringers, hosted in

andesitic tuffs

and 26.0 27.0 1.0 1.30 1.7 131 15 1,910

and 33.0 35.0 2.0 1.16 1.5 62 13 115

WGP-002 30.0 31.0 1.0 0.51 1.0 55 15 484 Vein #3

WGP-003 17.0 19.0 2.0 21.15 142.7 4,524 11,945 5,290 Vein #2 – quartz

stringers in cherty felsic

(ash?) tuffs incl. 17.0 18.0 1.0 41.7 263 8,120 20,800 6,480

WGP-004 25.0 27.0 2.0 0.60 10.5 44 285 989 Vein #2

WGP-005 64.0 74.0 10.0 0.93 2.0 91 20 784 Vein #1 – broader zone

of quartz vein style

mineralisation, hosted

in andesitic tuffs

incl. 65.0 70.0 5.0 1.54 2.6 104 28 893

and incl. 72.0 73.0 1.0 0.73 3.0 163 15 1,045

Notes:

1) Significant assays > 0.5 g./t Au

Table 2: Mineralised intervals from RC percussion holes WGP-001 to WGP-005

Hole WGP-003 tested the down-dip extension of Vein #2 and intersected a 2m mineralised interval from 17m

depth, returning grades of 21.15 g/t Au, 142.7 g/t Ag, 0.45% Cu, 1.19% Pb and 0.53% Zn, which included 1m

@ 41.7 g/t Au, 263 g/t Ag, 0.81% Cu, 2.08% Pb and 0.65% Zn (Table 2). The mineralisation was hosted in

dark green cherty felsic tuffs, and the high grades of Cu, Pb and Zn reflected the presence of chalcopyrite,

galena and sphalerite which were recorded in surface samples from Vein #2 (see news release dated October

17, 2017). Mineralisation was associated with narrow iron and copper-stained quartz veinlets and stringers.

Hole WGP -005 tested the southerly down- dip extension of Vein #1, and intercepted a weakly weathered,

broader 10m wide mineralised zone, which returned a grade of 0.93 g/t Au, and which contained an intersection

of 5m @ 1.54 g/t Au from 65m downhole depth (Table 2). The mineralisation was hosted in andesitic tuffs with

finer cherty felsic tuffs, and associated with clear, glassy and somewhat iron-stained quartz veins, which were

observed to carry free gold at surface (see news release dated October 17, 2017).

In all cases the drilling intersected the targeted narrow visible gold- bearing quartz veins and quartz stringer

zones mapped at surface, with hole WGP-003 apparently confirming the down-dip continuation of the precious

and base metal hosting Vein #3 and confirmed the presence of high grade gold at West Garida. It is anticipated

that further diamond drilling will be undertaken to follow up this short first RC programme. When the ongoing

Rodruin diamond drilling programme has been completed the rig will be mobilised to Hamama where it is

scheduled to drill at the Hamama East zone, as well further follow-up holes at West Garida.

Sampling and analytical procedures

The RC holes were drilled at 140mm diameter, and the bulk percussion chip samples were collected d irectly

into pre-written large plastic bags from the cyclone every metre, numbered with the hole number and hole

depths, and laid out sequentially at the drill site. Between each metre of drilling the cyclone and top box w ere

cleaned out with compressed air. The bags were then moved to a logging and storage area where the chips

were logged by Aton geologist s. The bulk 1m samples were weighed, and subsequently riffle split through a

3-tier splitter onsite by Aton field staff to produce an approximately 1/8 split, which was collected in cloth bags,

numbered and tagged with the hole number and depth. The splitter was cleaned with compressed air between

each sample. The reject material from this initial bulk split was re- bagged, labelled and tagged, and the bulk

reject samples will be stored and retained on site at Hamama. A representative sample of each metre was

washed, stored in marked plastic chip trays, each containing 20m of samples, photographed, and retained

onsite as a permanent record of the drill hole.

All the 1m split samples were weighed again, and the samples were riffle split onsite at the Hamama sample

preparation facility, typically a further 3- 4 times using a smaller lab splitter, to produce a nominal c. 250-500g

sample split for dispatch to the assay laboratory. Again, the splitter was cleaned with compressed air between

each sample. The laboratory splits were allocated new sample numbers.

QAQC samples are inserted into the sample stream at a rate of approximately 1 certified reference material

(or “standard”) sample every 30 samples, 1 blank sample every 15 samples, and 1 field duplicate split sample

every 15 samples.

The c. 250-500g split samples were shipped to ALS Minerals sample preparation laboratory at Marsa Alam,

Egypt, where they were pulverised to a size fraction of better than 85% passing 75 microns. From this

pulverised material a further sub-sample was split off with a nominal c. 50g size, which was shipped on to ALS

Minerals at Rosia Montana, Romania for analysis.

Samples were analysed for gold by fire assay with an atomic absorption spectroscopy (“AAS”) finish (analytical

code Au-AA23), and for silver, copper, lead and zinc using an aqua regia digest followed by an AAS finish

(analytical code AA45). Any high-grade gold samples (>10 g/t Au) were re-analysed using analytical code Au-

GRA21 (also fire assay, with a gravimetric finish). Any high-grade Ag and base metal samples (Ag >100 g/t,

and Cu, Pb and Zn >10,000ppm, or >1%) were re-analysed using the ore grade technique AA46 (also an aqua

regia digest followed by an AAS finish).

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. Two historic

British gold mines are also located on the Concession at

Sir Bakis and Semna. 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

447.7 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.

Qualified person

The technical information contained in this News Release

was prepared by Javier Orduña BSc (hons), MSc, MCSM,

DIC, MAIG, SEG(M), Exploration Manager of Aton

Resources Inc. Mr. Orduña is a qualified person (QP) under

National Instrument 43-101 Standards of Disclosure for

Mineral Projects.

For further information regarding Aton Resources Inc.,

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

TONNO VAHK

Interim CEO

Tel: +1 604 318 0390

Email: [email protected]

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.