Aurion Resources Ltd. announced that it has signed a formal definitive option agreement with Kinross Gold Corporation granting Kinross the right to earn up to an undivided 70% interest in the 42.74 km2, Launi East Property, which is located to the southeast and adjacent to the Company's 100%-owned Risti Property. Under the terms of the agreement, Kinross can earn a 70% undivided interest in the Launi East Property by incurring a minimum of USD 10,000,000 in exploration expenditures on or before the seventh anniversary of the agreement dated August 21st, 2023. Subject to receiving all necessary permits for a drilling program, Kinross has agreed, as a firm obligation, to incur a minimum of USD 2,000,000 in exploration expenditure on, or before the second anniversary of the agreement.

Should Aurion's interest in the joint venture be diluted down to 10% or less, Aurion's interest will be converted to a 2% Net Smelter Return (NSR) Royalty on the property. Kinross may purchase one-half of the royalty to reduce the royalty to 1% of net smelter returns for USD 2,000,000.