AUQ.V · 2021-01-21 12:00:00

AuQ Gold Mining Inc. Announces Closing of Flow Through Financing

Financings

AuQ GOLD MINING INC.

Suite 701 - 595 Howe Street

Vancouver, BC, V6C 2T5

Vancouver, BC, January 21 , 202 1 – AuQ Gold Mining Inc. ( TSXV:AUQ; PINK:NSVLF ) (the

“Company”) reports that the correct number of shares i ssued in its December flow though

placement was 550 ,000 Flow-Through Shares of the Company at a price of 70 cents per share for

aggregate gross proceeds to the Company of $385,000. Of this amount, 430,000 shares were issued on

December 23, 2020 with a hold period expiring on April 24, 2021 and12 0,000 shares were issued

on December 23, 2020 with a hold period expiring on May 1, 2021.

Each flow -through common share shall be issued on a flow -through basis as contemplated by the Tax

Act(Canada).

The Company has agreed to pay a cash fee of $18,060 and issue 25,800 warrants exercisable at $0.70 until

June 21, 2021 and thereafter at $0.90 until December 21, 2021, in accordance with the policies of the TSX

Venture Exchange, in consideration for sourcing $301,000 of the subscription funds.

The proceeds of the flow -through offering will be used to conduct resource exploration renouncable for the

2020 tax year.

Contact Person: Mr. Glen Macdonald, P.Geo.

Telephone: (604)719-8129

ON BEHALF OF THE BOARD

(signed) “Glen Macdonald”

Glen Macdonald

Chief Executive Officer and Director

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

release.

This news release may contain forward- looking statements that are based on AuQ Gold Mining Inc.'s

expectations, estimates and projecti ons regarding its business and the economic environment in which it

operates. These statements are not guarantees of future performance and involve risks and uncertainties

that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those

expressed in these forward- looking statements and readers should not place undue reliance on such

statements. Statements speak only as of the date on which they are made, and AuQ Gold Mining Inc.

undertakes no obligation to update them publicly to reflect new information or the occurrence of future events

or circumstances, unless otherwise required to do so by law.