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AAN.V ·

FOR IMMEDIAT E RELEASE Aton announces CAD$4 million private placement

Financings

Not for distribution to United States newswire services or for dissemination in the United States

FOR IMMEDIAT E RELEASE

Aton announces CAD$4 million private placement

Vancouver, British Columbia, July 23, 2026: Aton Resources Inc. (AAN: TSX -V) (“Aton” or the “Company")

announces that it is undertaking a non -brokered private placement to raise CAD$4 million by the issuance of

7,619,048 common shares at a p rice of CAD$ 0.525 per share (the “ Placement”). The proceeds of the

Placement will be applied to further exploration and development activities at Aton’s Hamama project and to

general and administrative expenses.

The Placement is subject to the approval of the TSX Venture Exchange and is expected to close in late July

2026. The shares issued pursuant to the Placement will be subject to a four-month hold period from closing.

Finder’s fees may be payable to parties at arm’s length to Aton that have introduced the Company to certain

subscribers participating in the Placement.

The Company will issue a further news release on closing of the Placement.

About Aton Resources Inc.

Aton Resources Inc. (AAN: TSX-V) is focused on its 100% owned Abu Marawat Concession (“the Concession”), located

in Egypt’s Arabian -Nubian Shield, approximately 200 km north of AngloGold Ashanti’s world -class Sukari gold mine.

Aton has identified numerous gold and base metal exploration targets at the Concession, including the Hamama deposit

in the west, the Abu Marawat deposit in the northeast, and the Rodruin deposit in the south of the Concession. Two

historic British gold mines are also located on the Concession at Semna and Sir Bakis. Aton has identified several

distinct geological trends within the Concession, which display potential for the development of a variety of styles of

precious and base metal mineralisation. The Abu Marawat exploitation lease is 57.66 km2 in size, covering the Hamama

West and Rodruin mineral deposits, and was established In January 2024 and is valid for an initial period of 20 years.

The Concession also includes an additional 255.0 km2 of exploration areas, retained for a further period of 4 years from

January 2024. The Concession 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:

TONNO VAHK

Chief Executive Officer

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.