Auryn Resources Inc. announced that it has entered into a series of agreements with corporation Aceros Arequipa S.A. (Aceros) to option 80% of three important mineral concessions located within the Company's Sombrero project located in Southern Peru. The option takes the form of a mining assignment agreement combined with a framework agreement, trust agreement, shareholders' agreement and a corporate guarantee. In the event that the Option is exercised, an 80% (Auyrn): 20% (Aceros) joint venture would be formed combining the 520 hectare Aceros concessions plus 4,600 hectares of Auryn's 120,000 hectare Sombrero land position.

The Aceros concessions are considered important to create a cohesive land position over key target areas as Auryn's technical team advances the Sombrero Main area towards its initial drill program in 2019.