Aton Resources Inc. (TSXV: AAN) ('Aton' or the 'Company') is pleased to update investors on the results of recent surface sampling programmes at several of its regional target areas, undertaken ahead the ongoing reverse circulation percussion ('RC') drilling programme at the Company's 100% owned Abu Marawat Concession ('Abu Marawat' or the 'Concession'), in the Eastern Desert of Egypt.

Highlights: Aton has recently undertaken several sampling and mapping programmes in advance of the now started RC drilling programme; A total of 104 selective grab and non-selective surface channel samples were collected from the Semna, Abu Gaharish, Bohlog, Sir Bakis and Massaghat prospects; 25 samples were collected from the Semna prospect, returning assays including 27.6 g/t Au, 24.0 g/t Au and 16.95 g/t Au; 40 samples were collected from the Abu Gaharish prospect, returning assays including 67.5 g/t Au, 23.3 g/t Au and 16.5 g/t Au; 17 samples were collected from the Bohlog prospect, returning assays including 54.9 g/t Au and 48.4 g/t Au; 8 samples were collected from the Sir Bakis prospect, returning assays including 9.62 g/t Au and 6.61 g/t Au; 14 samples were collected from the Massaghat prospect, returning assays including 34.5 g/t Au.

We are pleased to be able to announce another set of exciting surface sampling results from Abu Marawat, which gives us real confidence for the regional RC drill programme that has now started' said Tonno Vahk, Interim CEO. 'This sampling has been undertaken during the last months, as we have been planning up the drilling at our regional targets. The team have been very busy on the ground, preparing for the drilling and we are very happy that it is now underway. As well as the work in the field, we continue to push ahead with our main goal for 2023, which is our application for the mining licence at Abu Marawat. Work on the Rodruin and Hamama West mineral resource estimates is ongoing and the metallurgical testwork programmes are now almost completed. The anticipated issuance of the mining licence at Abu Marawat will be a transformational moment for Aton, and we continue to work closely with our partners at the Ministry of Petroleum and the Egyptian Mineral Resources Authority to achieve this shared goal.'

Abu Marawat regional sampling programme

The Company has undertaken several ad hoc surface sampling programmes, as part of its preparation and planning activities for the regional RC exploration drilling programme that has now started. All the Company's main exploration targets have recently been exploited by artisanal miners, predominantly since the Company's suspension of field activities in 2020 as a result of the covid-19 pandemic. This has provided the opportunity to carry out additional sampling and mapping of the known structures, as well as previously unidentified mineralised structures that have been exploited by the artisanal miners. The sampling consisted predominantly of selective grab and chip sampling, with fewer 1-2m long non-selective in situ channel samples across potentially mineralised structures.

The gold mineralisation at Semna is strongly structurally controlled, and hosted in quartz diorite, consisting of at least 4 distinct and sub-parallel zones, striking approximately east-west. The Main Vein and the South Vein zones have been the primary focus of historic mining, but there are also workings developed on other structures. Mapping of recent artisanal excavations and also drill access road cuttings has indicated the presence of previously unidentified structures and apparently mineralised quartz veins, for example the SE Vein. This concurs with the observations and conclusions from the 2018 GPR geophysical survey, which identified numerous anomalous responses away from known mineralised structures, indicating potential for the discovery of hitherto unidentified high grade mineralised veins and structures at Semna.

Aton provisionally plans to drill 17 RC holes for a total of 3,600 metres at the Semna prospect, and this programme is currently expected to start in July 2023.

Abu Gaharish

Abu Gaharish is located approximately 30km east of Hamama and 12 km east-northeast of Rodruin. Gold mineralisation at Abu Gaharish is interpreted as being related to a significant structural and gold mineralised zone localised by the contact between the late Gaharish granite pluton and the package of country meta-sedimentary and mafic to ultramafic rocks. The mineralisation appears to be hosted in a complex series of conjugate and ladder-type structures, and Aton's geologists believe that the Abu Gaharish mineralisation bears many similarities to that at the world-class Sukari deposit 200 km to the south. Ground GPR geophysical profiling, and ultra-low level multi-element ionic leach (mobile metal ion) geochemical analyses from a wadi sediment sampling programme indicate the potential for blind structures and mineralisation under wadi sediments to the west of the contact

Sample processing and analytical procedures

Samples were collected in the field by Aton's exploration teams. Grab, grab composite, and chip composite samples were selective, whereas chip channel samples were non-selective. Chip channel samples were collected in situ by manually rock chipping across potentially mineralised structures or veins, using a hammer and chisel. Chip composite samples were also collected manually from in situ exposures, using a hammer and chisel, but were more selective in nature. Grab and grab composite samples were selective, and may have been, but were not necessarily collected in situ, and may have been collected from rock dumps or float material, for example.

The samples were weighed and crushed to -4mm onsite at the Rodruin sample prep facility, and split to a nominal c. 250-500g sample size. The coarse crushed reject samples are retained onsite.

The c. 250-500g dried, crushed and split samples were shipped to ALS Minerals sample preparation laboratory at Marsa Alam, Egypt where they were pulverised to a size fraction of better than 85% passing 75 microns. From this pulverised material a further sub-sample was split off with a nominal c. 50g size, which was shipped on to ALS Minerals at Rosia Montana, Romania for analysis. The reject pulps were returned from ALS, and are also retained onsite.

Samples were analysed for gold by fire assay with an atomic absorption spectroscopy ('AAS') finish (analytical code Au-AA23), and for silver, copper, lead and zinc using an aqua regia digest followed by an AAS finish (analytical code AA45). Any high grade gold samples (>10 g/t Au) were re-analysed using analytical code Au-GRA21 (also fire assay, but with a gravimetric finish). Any high grade Ag and base metal samples (Ag >100 g/t, and Cu, Pb and Zn >10,000ppm or >1%) were re-analysed using the ore grade technique AA46 (also an aqua regia digest followed by an AAS finish).

About Aton Resources Inc.

Aton Resources Inc. (AAN: TSX-V) is focused on its 100% owned Abu Marawat Concession ('Abu Marawat'), located in Egypt's Arabian-Nubian Shield, approximately 200 km north of Centamin's world-class Sukari gold mine. Aton has identified numerous gold and base metal exploration targets at Abu Marawat, including the Hamama deposit in the west, the Abu Marawat deposit in the northeast, and the advanced Rodruin exploration prospect in the south of the Concession. Two historic British gold mines are also located on the Concession at Sir Bakis and Semna. Aton has identified several distinct geological trends within Abu Marawat, which display potential for the development of a variety of styles of precious and base metal mineralisation.

Contact:

Tel: +1 604 318 0390

Email: info@atonresources.com

Note Regarding Forward-Looking Statements

Some of the statements contained in this release are forward-looking statements. Since forward-looking statements address future events and conditions; by their very nature they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements.

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