Private Placement Increase Auramex (the “Company”) announces it will increase the non-brokered private placement of 5,000,000 units at a price of $0.08 announced Janua ry 24, 2018 by 4,625,000 shares for gross proceeds of $770,000. Each unit is comprised of on e common share and one common share

FOR IMMEDIATE RELEASE (TSX V Symbol: AUX) January 26, 2018

Private Placement Increase

Auramex (the “Company”) announces it will increase the non-brokered private placement of

5,000,000 units at a price of $0.08 announced Janua ry 24, 2018 by 4,625,000 shares for gross

proceeds of $770,000. Each unit is comprised of on e common share and one common share

purchase warrant. Each warrant is exercisable at a price of $0.10 for each common share for a

period of two years after closing of the placement. The proceeds will be allocated $300,000 to

exploration, $270,000 to debt settlement and $200,000 to working capital.

The Offering is subject to approval of the TSX Venture Exchange.

Company Arranges Shares for Debt Settlement

The Company announces that its Board of Directors h as approved a proposed shares for debt

settlement (the “ Shares for Debt Settlement ”) with certain creditors, providing for the

settlement of an aggregate of $241,100 in debt through the issuance of an aggregate of 3,013,750

common shares of the Company at an issue price of $0.08 per common share.

The Shares for Debt Settlement is subject to approval of the TSX Venture Exchange.

Sale of Mexican Subsidiary

The option to sell Exploración Auramex S.A. de C. V .to a private company announced

December 5, 2017 has been completed. The Company r eceived $5,000 cash and indemnity from

all liabilities in Mexico amounting to approximatel y $250,000. In addition, the Company is to

receive 100,000 shares in a reporting issuer when t he private company transfers its interest in the

Mexican mineral titles to a reporting issuer. It i s understood that some of the mineral titles have

been cancelled and it may not be possible to reinstate them.

About Auramex

Auramex holds 190 square kilometers of mineral righ ts in BC’s Golden Triangle. The Georgia River

property surrounds a past producing gold mine near tidewater, 18 km south of Stewart; the Tide North

property is 4 km from an all-weather road; and the Bear Valley properties straddle highway 37A north

and east of Stewart.

For information on Auramex please contact Judie Whitby at (604) 924-9376 or refer to the company’s website:

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.

750 Grand Boulevard

North Vancouver, BC

V7L 3W4

Tel: 604-924-9376

Fax: 604-924-9371