Aranjin Resources Announces Successful Ongoing Warrant Exercise

ARANJIN RESOURCES ANNOUNCES SUCCESSFUL ONGOING WARRANT EXERCISE

ULAANBAATAR, MONGOLIA, June 17, 2021 – Aranjin Resources Ltd . (TSX.V: ARJN) (the “Company” or “ Aranjin

Resources”) is pleased to announce th e exercise of an aggregate of 26,441,666 outstanding common share

purchase warrants issued as part of the private placement financing completed in two tranches on June 10 and

July 3, 2020. The exercises made to date have resulted in aggregate proceeds to date of $1,322,083.

Other h olders of war rants issued under the second tranche and expiring on July 3, 2021 may also exercise

warrants. As such, the Company expects to receive additional proceeds from warrant exercises.

The extent of the exercises is a very positive endorsement of the Company and the proceeds will allow the

Company to further its exploration activities and close on pending new licence opportunities.

Mr Wood, Executive Chairman of Aranjin Resources stated, “ We are very pleased to see the strong participation

by shareholders in the ongoing warrant exercise. The battery metal markets are very exciting at present and this

aligns well with our plans to build a portfolio of highly prospective copper exploration assets in Mongolia.”

On behalf of the Board

Matthew Wood

Executive Chairman

Aranjin Resources Ltd.

+976 7732 1914

NEITHER 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.