Acquisition of Altos de Lipangue Mining Claims

May 16, 2016

May 16, 2016 — AURYN is pleased to announce the successful completion of the Memorandum of Understanding (MOU) signed with Medinah Mining Chile and Medinah Minerals Inc. (MDMN OTCBB-Pink). Pursuant to the previously announced MOU (http://aurynmining.com/auryn-mining-chile-spa-amc-signs-mou-to-consolidate-100-of-altos-de-lipangue-project/), AURYN has acquired 100% of Medinah’s Altos de Lipangue (ADL) mining claims in exchange for 25,000,000 shares of AURYN Mining Chile SpA. The 25,000,000 shares, which represent a 25% equity stake in AMC, have been delivered to Medinah Minerals.

Completion of Shares Acquisition

May 16, 2016

May 16, 2016 — AURYN is pleased to announce that our parent company, MASGLAS Limited, has purchased 218,763,318 shares of the common stock of Medinah Minerals, Inc. (OTCMKTS:MDMN). The contract to purchase these shares was consummated April 29, 2016. Coincident with closing, the shares were delivered by the seller to MASGLAS Limited who then caused a new certificate to be issued registering MASGLAS Limited as the owner of record. These shares were received from the Transfer Agent by MASGLAS Limited on May 14, 2016.