Auramex Grants Options

Auramex Grants Options

VANCOUVER, BC

,

July 8, 2020

/CNW/ -

Auramex Resource Corp.

("

AUX

") (TSXV: AUX)

announces the grant of 2,300,000 incentive stock options "

Options

" to acquire commons shares to

its directors, officers, employees and consultants pursuant to AUX's stock option plan. The stock

options are exercisable at a price of

$0.42

and will expire on

July 8, 2025

.

AUX has retained the services of

Vancouver

-based Mars Investor Relations Corp. ("

Mars

"), a full-

service investor relations and consulting services company focused on the junior mining sector.

Under the terms of the engagement agreement (the "

Agreement

"), AUX will compensate Mars

$144,000

for the 12-month initial term of the Agreement and will grant Mars 250,000 Options. Mars

or its affiliates currently hold 1,000,000 common shares, however Mars may from time to time

acquire or dispose of securities of AUX through the market, privately or otherwise, as circumstances

or market conditions warrant. Mars is at arm's length to AUX and has no other relationship with

AUX, except pursuant to the Agreement. The Agreement and the grant of Options thereunder is

subject to regulatory approval.

About Auramex Resource Corp.

AUX is exploring the past-producing

Georgia River

high-grade gold mine located 16 kilometres south

of

Stewart, BC

in the prolific Golden Triangle. Georgia River was explored from the 1970s by

several companies with the intent of restarting the mine, but this historic work only focused on the

area hosting the existing mine workings. Work by AUX over the past few field seasons has

generated compelling evidence in support of a large intrusion-related gold target adjacent to the

area of previous work. Field crews have mobilized, and contractors have been selected to facilitate

the 2020 field program which will involve drill testing the newly defined high-grade gold target.

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 includes forward-looking statements that are subject to risks and

uncertainties. All statements within, other than statements of historical fact, are to be considered

forward looking. 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 or developments may differ materially from those in forward-

looking statements. Factors that could cause actual results to differ materially from those in

forward-looking statements include market prices, exploitation and exploration successes,

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

conditions and regulatory and administrative approvals, processes and filing requirements. There

can be no assurances that such statements will prove accurate and, therefore, readers are advised

to rely on their own evaluation of such uncertainties. We do not assume any obligation to update

any forward-looking statements.

SOURCE

Auramex Resource Corp.

View original content:

http://www.newswire.ca/en/releases/archive/July2020/08/c6243.html

%SEDAR: 00005611E

For further information:

Ian Slater, Chief Executive Officer, +1 604 638 2545, [email protected],

www.auramex.com

CO: Auramex Resource Corp.

CNW 20:00e 08-JUL-20