Aton Announces the Approval of a Mining License at Its Abu Marawat Concession Area
FOR IMMEDIATE RELEASE
ATON ANNOUNCES THE APPROVAL OF A MINING LICENSE AT ITS ABU MARAWAT CONCESSION
AREA
Vancouver February 12, 2020: Aton Resources Inc. ( AAN: TSX-V) (“Aton” or the “Company") is pleased to
announce that its application for an exploitation license at Hamama and its retained exploration areas at the
Company’s Abu Marawat Concession area have been approved.
“As only the second mining license to be issued since Centamin’s, this is h istoric news for Aton and Egypt, ”
said Mark Campbell, President and CEO . “We are very excited to announce this news, which has been the
culmination of over ten years of work by Aton. This not only grants Aton a license for 20 years with an additional
10-year option period, that allows us to get on with the Hamama Development and as well allows us to continue
the exploration at Rodruin and our other exploration targets, within our Abu Marawat Conces sion. It also
underscores Egypt’s new commitment to developing its exploration and mining sector. Egypt is a country that
is blessed by having huge untapped mineral potential, not only in gold, but across all precious, base and
industrial minerals, along w ith having world class infrastructure, a great pool of skilled and semi -skilled labor
all within a strong and stable country. We believe that the granting of our license will point the way to a bright
future for exploration and mining in Egypt. We also look forward to the opportunity to acquire more exploration
land within Egypt that these changes now afford us. We eagerly look forward to participating in the upcoming
exploration tender and working in Egypt for many years to come.”
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. 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 ov er 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.
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:
MARK CAMPBELL
President and Chief Executive Officer
Tel: +202-27356548
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.