Auryn drills 10m of 4.12 g/t Au and 30m of 2.00 g/t Au at South Reef, at the Homestake Ridge Project

Auryn drills 10m of 4.12 g/t Au and 30m of 2.00 g/t Au at South Reef,

at the Homestake Ridge Project

Vancouver, British Columbia – December 12th, 2017 – Auryn Resources Inc. (TSX: AUG,

NYSE American: AUG, “Auryn” or the “Company”) is pleased to announce drill results from its

summer exploration drill program at the Homestake Ridge gold-silver epithermal project

located within the Golden Triangle in British Columbia, Canada. Auryn targeted 2 out of 7

expansion opportunities identified away from the existing deposits (Figure 1) and was

successful in identifying the plunge of the high-grade South R eef zone. Highlights include 30

meters of 2.00 g/t Au (including 4m @ 6.03g/t Au & 2m @ 11.80 g/t Au), 10 meters of 4.12

(including 2m @ 18.01 g/t Au), 18m of 1.29g/t Au (including 4m of 4.18g/t Au), 8m of 2.67

g/t Au (including 2m of 7.4 g/t) , and 14m of 1.23g/t Au . These results identified the

geometry of the high- grade mineralization at the South Reef main zone that remains open to

the northwest and importantly have identified an emerging parallel high- grade structure (Upper

zone) 175 meters to the north of the main zone.

Ivan Bebek, Executive Chairman, commented, “ We a re very excited about the South Reef

extension as it demonstrates strong similarities to the robust Main Zone. Our best intercepts

came at the end of the program which resulted in strong expansion opportunities that will be

exciting to follow up in 2018. In addition to the South Reef plunge extension, two other parallel

high-grade shoots plunging in the same direction represent additional targets which provide

significant room for the Homestake Ridge resource to increase.”

Mr. Bebek further stated, “The Homestake Ridge deposit stands out as a highly valuable asset

with respect to its current size, grade and excellent access to infrastructure. In an effort to

unlock more value in the project in addition to the discovery of additional ounces we have also

begun the necessary steps to advance the project towards development.”

The summer drill program was designed to test 2 of 7 major target areas across the project

with a focus on expanding the South Reef mineralized zone as well as the potential

northwestern extension to the Homestake Main deposit (Figure 1). Drilling was discovery

oriented which targeted new potential zones of mineralization or significant extensions . None

of the drilling occurred within 500 meters of the Homestake Main and Homestake Silv er

deposits, leaving them open for expansion.

The drilling from South Reef demonstrated that the high -grade mineralization has a 15 – 20

degree shallow plunge to the northwest (Figure 2 & 3) with the width of the structure and

associated breccia’s increasing in the same direction. The shallow plunge observed at the

South Reef main zone is similar to that observed at the Homestake Main and Silver deposits

and represents an excellent opportunity to significantly expand mineralization on the project.

Auryn also discovered a 600 meter long gold- in-soil anomaly that coincides with the northwest

direction of plunging high- grade mineralization that remains undrilled demonstrating the highly

prospective nature of this structural corridor (Figure 2).

Auryn’s 37 hole (14,850 meter) program at Homestake Ridge, which was completed under

budget, represented its first field season on the project. Total drilling costs 1 were

approximately $400 per meter showing that this area of the Golden Triangle can be explored in

an efficient manner.

Significant results from the South Reef diamond drilling are provided in the table below. No

significant results were obtained from the Homestake Main extension drilling or other holes

(see Figure 1 for locations).

Table 1:

Significant Intercepts 2017 – South Reef

Hole ID From (m) To (m) Interval (m) Au (g/t) Ag (g/t)

17HR-283 137 155 18 1.29 2.3

including 141 145 4 4.18 3.8

17HR-286 138 162 24 0.62 1.5

178 186 8 2.67 1.9

including 178 180 2 5.59 3.4

17HR-293 52 80 28 0.51 2.2

276 290 14 1.23 1.6

including 286 290 4 3.31 3.6

17HR-296 6 22 16 0.66 2.3

17HR-301 59 69 10 4.12 1.8

including 61 63 2 18.20 6.4

17HR-302 134 146 12 1.45 3.3

including 138 142 4 3.19 2.5

17HR-303 258 288 30 2.00 3.5

including 264 268 4 6.03 2.7

including 278 280 2 11.80 6.0

17HR-304 70 80 10 1.03 1.8

* Composite interval includes no less than 4m <0.2ppm Au True widths are estimated at between 50 – 75% of reported intervals

Michael Henrichsen, P.Geo, COO of Auryn, is the Qualified Person who assumes

responsibility for the technical disclosures in this press release.

1

Total program costs from July to October less direct costs for soil sampling and geoph ysical surveys

ON BEHALF OF THE BOARD OF DIRECTORS OF AURYN RESOURCES INC.

Shawn Wallace

President and CEO

For further information on Auryn Resources Inc., please contact Jay Adelaar, Vice- President of Investor

Relations at (778) 729-0600 or [email protected]

About Auryn

Auryn Resources is a technically driven junior mining exploration company focused on delivering

shareholder value through project acquisition and development. The Company’s management team is highly

experienced with an impressive track record of success and has assembled an extensive technical team as

well as a premier gold exploration por tfolio. Auryn is focused on scalable high- grade gold deposits in

established mining jurisdictions, which include the Committee Bay and Gibson MacQuoid gold projects

located in Nunavut, the Homestake Ridge gold project in British Columbia and a portfolio of gold projects in

southern Peru, through Corisur Peru SAC.

Forward Looking Information

This release includes certain statements that may be deemed “forward-looking statements”. Forward-looking

information is information that includes implied future perform ance and/or forecast information including

information relating to, or associated with the acquisition and title to mineral concessions. These statements

involve known and unknown risks, uncertainties and other factors which may cause actual results,

performance or achievements of the Company to be materially different (either positively or negatively) from

any future results, performance or achievements expressed or implied by such forward- looking statements.

Readers should refer to the risks discussed in the Company’s Annual Information Form and MD&A for the

year ended December 31, 2016 and subsequent continuous disclosure filings with the Canadian Securities

Administrators available at www.sedar.com and the Company’s registration statement on Form 40- F filed

with the United States Securities and Exchange Commission and available at www.sec.gov.

Homestake Drilling

Intercepts were calculated using a minimum of a 0.2 g/t Au cut off at beginning and end of the intercept and

allowing for no more than four consecutive meters of less than 0.2 g/t Au.

Analytical samples were taken by cutting NQ diameter core into equal halves on site and sending one of the

halves to ALS Laboratories in Terrace , BC, Vancouver, BC or Thunder Bay, ON for preparation and

analysis. All samples are assayed using 30g nominal weight fire assay with atomic absorption finish (Au-

AA23) and multi-element four acid digest ICP-AES/ICP-MS method (ME-MS61). Where AA23 results were >

5 g/t Au the assay were repeated with 30g nominal weight fire assay with gravimetric finish (Au- GRA21).

QA/QC programs using internal standard samples, field and lab duplicates and blanks indicate good

accuracy and precision in a large majority of standards assayed.

Disclaimer

The Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts

responsibility for the adequacy or accuracy of this release.

Figure 1: I llustrates the targets that were drilled at the Homestake Ridge in 2017 as depicted

by the blue polygons. High priority targets that remain undrilled are outlined by the pink

polygons.

Figure 2: Illustrates the plan view of the known mineralized systems of the Homestake project

on a background of gold -in-soil geochemistry. Importantly, the continuation of the mineralized

zone at South Reef projects to the northwest to an untested 600 meter long gold -in-soil

geochemical anomaly that is of similar character to the Homestake Main deposit.

Figure 3: Illustrates the shallow plunge to the northwest of the high-grade mineralization at the

South Reef Main and South Reef Upper zones. Impor tantly the width of the structure and

intensity of brecciation that host mineralization is increasing to the northwest on the South Reef

Main zone highlighting the potential for additional mineralization. In addition, a high- grade

chute is emerging on the South Reef Upper zone demonstrating the prospectivity of the en tire

structural corridor.