Not Constitute an Offer of the Securities Described Herein Auramex Closes First Tranche of Financing

FOR IMMEDIATE RELEASE TSX V Symbol: AUX August 24 th , 2018

THIS NEWS RELEASE IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES

NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES AND DOES

NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

AURAMEX CLOSES FIRST TRANCHE OF FINANCING

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

AUX) announces that it has closed the first tranche of its private placement announced August 17, 2018

of flow-through common shares. A total of 2,337,00 0 flow-through shares, were issued at an offering

price of $0.05 per FT Share for gross proceeds to the Company of $116,850.

The Company incurred $1,109 as a finders’ fee in co nnection with the placement. The proceeds of

the.private placement will be used for property exp loration. The flow-through shares issued under thi s

placement are subject to a four-month hold period in Canada.

Insiders subscribed for 60,000 shares of for procee ds of $3,000. Each insider’s subscription will be

considered to be a related party transaction within the meaning of TSX Venture Exchange Policy 5.9 and

Multilateral Instrument 61-101 (“MI 61-101”). The C ompany intends to rely on an exemption available

from the formal valuation requirements under Sectio n 5.5(a) of MI 61-101 and an exemption available

from minority approval requirements under Section 5 .7(a) of MI 61-101 on the basis that the fair marke t

value of the transactions with the insiders do not exceed 25% of the Company’s market capitalization

About Auramex

Auramex is exploring a large and highly prospective property portfolio at the south end of the Golden

Triangle in British Columbia, with properties north, east and south of Stewart, a deep-water port.

The Golden Triangle is beginning to be recognized a s one of the most highly mineralized geological

settings with excellent exploration potential for future discoveries.

The Golden Triangle region has matured dramatically over the past couple of years, with two mines now

in production, road access greatly improved, and a quantum leap in terms of geological understanding o f

the processes that created some of the largest, and highest-grade metal deposits on the planet.

On behalf of the Board of Directors:

Lawrence Roulston

President & CEO

(604) 914-2142

For further information, contact:

Nancy Curry

20th Floor, 250 Howe Street

Vancouver, BC V6C 3R8

Canada

Tel: 604-914-2142

VP Corporate Development

(604) 220-2971

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 fo r the adequacy or accuracy of this release.