Adyton Files Amendment to Information Circular for Shareholders Meeting

NEWS RELEASE

Adyton Resources Corporation

Level 14, 167 Eagle Street Brisbane Queensland 4000

PO Box 5807 Brisbane Queensland 4000 Australia

Phone +61 (7) 3854 2389

Email [email protected]

TSXV: ADY | adytonresources.com

22 June 2021

TSX Venture Exchange: ADY For immediate release

Adyton Files Amendment to

Information Circular for Shareholders Meeting

Brisbane, Australia – 22 June, 2021 – Adyton Resources Corporation (TSX Venture: ADY) announces that it has filed

an amendment (the “Amendment”) to its management information circular dated May 28, 2021 (the “Information

Circular”) in respect of its annual and special meeting of shareholders scheduled to be held on June 28, 2021 (the

“Meeting”), in order to correct certain typographical errors and update certain additional information.

In the section of the Information Circular entitled “Business of the Meeting - 3. Election of Directors”, the Information

Circular contained a typographical error in the last name of one of the director nominees proposed for election at

the Meeting, in that his name was stated as “Jason Kovac” when his correct name is “Jason Kosec”. Accordingly, all

references to “Jason Kovac” or “Mr. Kovac” in the Information Circular have been amended to read “Jason Kosec” or

“Mr. Kosec”, as applicable. The form of proxy for the Meeting also contained this typographical error and Adyton has

distributed to its registered shareholders a revised form of proxy for the Meeting correcting this error. Unless

authority to do so is withheld by the shareholder delivering the revised form of proxy, the persons named in the

form of proxy intend to vote FOR the election of Mr. Kosec as a director. In addition, in the event that any

shareholder delivers the original form of proxy for the Meeting which contained this typographical error, the persons

named in the form of proxy intend to vote FOR the election of Mr. Kosec as a director, unless authority to do so is

withheld by the shareholder delivering the form of proxy, on the basis of the discretionary authority conferred under

the proxy upon the persons named in the proxy with respect to amendments to matters identified in the Notice of

Annual and Special Meeting of Shareholders for the Meeting or other matters that may properly come before the

Meeting.

In addition, in the section of the Information Circular entitled “Business of the Meeting - 5. Non-Option Omnibus

Incentive Plan”, it was stated that an aggregate of 60,142,857 common shares of Adyton held by “Insiders” and

“Associates” of Adyton, representing 48.2% of its issued and outstanding common shares, will be excluded for the

purposes of disinterested shareholder approval of Adyton’s proposed non-option omnibus incentive plan (the

“Omnibus Plan”) and determining whether the Omnibus Plan is approved, in accordance with the policies of the TSX

Venture Exchange (the “TSX-V”). It has subsequently been determined that it is not necessary to exclude the votes of

Mayur Resources Limited (“Mayur”), which holds an aggregate of 53,333,333 common shares of Adyton, in

determining disinterested shareholder approval for the Omnibus Plan under TSX-V policies on the basis that, while

Mayur is an “Insider” which beneficially owns more than 10% of the issued and outstanding Adyton common shares,

it is not an “Associate” of any of the directors and officers of Adyton, being the Insiders to whom awards may be

granted under the Omnibus Plan. Accordingly, in accordance with the policies of the TSX-V, an aggregate of

6,809,524 common shares of Adyton, representing 5.5% of the issued and outstanding common shares, will be

excluded for the purposes of disinterested shareholder approval of the Omnibus Plan and determining whether the

Omnibus Plan is approved.

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The Amendment and the revised form of proxy have been filed under the Company’s profile on SEDAR at

www.sedar.com and can also be obtained from Adyton upon request.

ON BEHALF OF THE BOARD OF ADYTON RESOURCES CORPORATION

Frank Terranova, Chairman, President and Chief Executive Officer

For further information please contact:

Frank Terranova, Chairman, President and Chief Executive Officer

E-mail: [email protected]

Phone: +61 7 3854 2389

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

ABOUT ADYTON RESOURCES CORPORATION

Adyton Resources Corporation is focused on the development of gold and copper resources in world class mineral

jurisdictions. It currently has a portfolio of highly prospective mineral exploration projects in Papua New Guinea on

which it is exploring for copper and gold. The Company’s mineral exploration projects are located on the Pacific Ring

of Fire which hosts several world class copper and gold deposits.

For more information about Adyton and its projects, visit www.adytonresources.com.