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NUG.V ·

Auramex Announces Extension Granted to Private Placement

Financings

FOR IMMEDIATE RELEASE TSX V: AUX

August 19, 2019

AURAMEX ANNOUNCES EXTENSION GRANTED TO PRIVATE PLACEMENT

Vancouver, British Columbia – Auramex Resource Corp. (the “Company” or “Auramex”)

(TSX.V: AUX) announces the TSX Venture Exchange has granted Auramex an extension to the

deadline to file final materials in respect of the private placement financing announced on July 5,

2019. The Company must complete the filing by September 18, 2019.

The non-brokered private placement will consist of up to 10,000,000 units at $0.05 per unit. Each

unit will consist of one common share of the Company and one common share purchase warrant.

Each whole warrant will be exercisable for one common share of the Company at a price of $0.07

for a period of 18 months from the dat e of issuance. The proceeds of the financing are to be used

for exploration and development of the Company’s properties and for general corporate costs.

Subject to the approval of the TSX Venture Exchange and applicable laws, the Company may pay

finder’s fees. Certain of the Company's insiders may participate in the private placement.

On behalf of the Board of Directors:

Lawrence Roulston

President & CEO

For further information, contact:

Nancy Curry

VP Corporate Development

[email protected]

www.auramex.com.

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.

20th Floor, 250 Howe Street

Vancouver, BC V6C 3R8 Canada

Tel: 604-914-2142

NR #2019-10