Aton updates investors on the progress of mining law reform in Egypt

FOR IMMEDIATE RELEASE

Aton updates investors on the progress of mining law

reform in Egypt

Vancouver, November 8, 2018: Aton Resources Inc. (AAN: TSX-V) (“Aton” or the “Corporation") is very

pleased to update investors on the status of proposed changes to the terms of the Mineral Resources Act in

Egypt.

Highlights:

It was today announced by Prime Minister Madbouly’s Cabinet that it has approved the long awaited changes

to the Mineral Resources Act, and will be moving away from the oil and gas focused Production Sharing

Agreement (PSA) model and abolishing the requirement for a 50:50 Joint Venture with EMRA. The

Government hopes to have the changes ratified by the Parliament by the end of the year. For further

information please refer to https://enterprise.press/stories/2018/11/08/egypt-cabinet-approves-amendments-

to-mineral-resources-act/.

“This is wonderful news, not only for Aton shareholders, but for the future of investment into the Egyptian

mining sector and the Egyptian economy as a whole” remarked Mark Campbell, President and CEO. “The

recognition by the Government of Egypt that mineral exploration and mining are wholly different businesses to

oil and gas has been a long time coming. Aton believes the effect that these changes will have on investment

in exploration and mining will be significant -- the scrapping of the PSA, for a transparent tax, rent and royalty

system, along with getting rid of the requirement for a 50:50 joint venture with EMRA, should be of great interest

to exploration companies all around the world. Egypt has vast unexplored areas and is one of the last

untouched mineral exploration frontiers in the world. One only has to look at what occurred in Ecuador after its

Government amended the mining law, to get an idea of what could transpire in Egypt. Aton understands that

the Government plans to streamline and simplify the acquisition of exploration licences and do away with oil

and gas style bid rounds. It is a testament to the vision of President El Sisi and the Minister of Petroleum and

Mineral Resources, Tarek El Molla that these changes are being made, and in short order too, and also in

choosing Wood Mackenzie to advise the Government on amendments and to help implement them. Aton

expects to benefit from the proposed changes - within our 738 km2 Abu Marawat licence area, we have a

development project at Hamama and 17 solid exploration targets, including our major exploration project at

Rodruin. I am confident that the future for Aton and the Egyptian exploration and mining business is very bright

indeed.”

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 200km north of Centamin’s Sukari gold mine. Aton has identified a

40km long gold mineralised trend at Abu Marawat, anchored by the Hamama deposit in the west and the Abu Marawat

deposit in the east, containing numerous gold exploration targets, including three historic British mines. Aton has

identified several distinct geological trends within Abu Marawat, which display potential for the development of RIRG

and orogenic gold mineralisation, VMS precious and base metal mineralisation, and epithermal-IOCG precious and

base metal mineralisation. Abu Marawat is over 738km2 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.

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. Often, but not always, forward -

looking statements can be identified by the use of forward-looking terminology such "believes", "should"," could" ,

"expects", "understands" and "plans". 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.