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Cyon Resources Appoints Mr. Brian Thurston to the Board of Directors

Management Changes

LEGAL_34852681.1

NOT FOR DISTRIBUTION IN THE UNITED STATES OR TO U.S. NEWSWIRE SERVICES

CYON EXPLORATION LTD.

Suite 404 – 999 Canada Place

Vancouver, B.C. V6C 3E2

Telephone : (604) 657-7004

Fax : (604) 682-4309

TSX.V Symbol: CYON

OTCQB Symbol: CYNXF

CYON RESOURCES APPOINTS MR. BRIAN THURSTON TO THE BOARD OF DIRECTORS

Vancouver, British Columbia (February 17, 2021) – Cyon Exploration Ltd. (the “ Company”)

(CYON: TSX.V | CYNXF : OTCQB) is pleased to announce the appointment of Mr. Brian Thurston,

P.Geo. to the board of directors effective immediately. Mr. Thurston is a professional geologist

and holds an honours Bachelor’s of Science degree in Geology from the University of Western

Ontario. Mr. Thurston has over 28 years’ experience working as a geologist around the world

including North, Central and South America, Africa and India.

Mr. Thurston was instrumental in the initial exploration, land acquisition and development of

Aurelian Resources Ecuador grass roots exploration project that was ultimately acquired by

Kinross Gold for $1.2 billion.

The Company also announces the granting of 1,000,000 (one million) stock options to Mr.

Thurston with an exercise price of $0.21 per share.

Cyon Exploration Ltd.

Per: “Byron Coulthard”

Byron Coulthard

President & CEO

[email protected]

Tel: 1.604.657.7004

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

This release includes certain statements that may be deemed "forward-looking statements". All

statements in this release, other than statements of historical facts, that address events or

developments that the Company expects to occur, are forward-looking statements. Forward-

LEGAL_34852681.1

looking statements are statements that are not historical facts and are generally, but not always,

identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates",

"projects", "potential" and similar expressions, or that events or conditions "will", "would", "may",

"could" or "should" occur. Although the Company believes the expectations expressed in such

forward-looking statements are based on reasonable assumptions, such statements are not

guarantees of future performance and actual results may differ materially from those in the

forward-looking statements. Factors that could cause the actual results to differ materially from

those in forward-looking statements include market prices, exploitation and exploration

successes, and continued availability of capital and financing, and general economic, market or

business conditions. Investors are cautioned that any such statements are not guarantees of

future performance and actual results or developments may differ materially from those

projected in the forward-looking statements. Forward-looking statements are based on the

beliefs, estimates and opinions of the Company's management on the date the statements are

made. Except as required by applicable securities laws, the Company undertakes no obligation to

update these forward-looking statements in the event that management's beliefs, estimates or

opinions, or other factors, should change.