AURYN Mining Corporation Shareholder Notification

Dear Shareholders,

Along with the Board of Directors, I am pleased to provide the following shareholder notification.

Our mining team has successfully intercepted the Don Luis vein. We cut the vein inside the Antonino tunnel where we expected it based on the detailed topographical mapping work done by  EGV Ingeniería. Samples have been taken and sent to the lab for assaying, and we anticipate having the initial results back for publication during our Q4 update in the beginning of January.

We are thrilled to have achieved this important milestone. We look forward to providing more detailed information on the vein, a summary of our activities during the quarter, our outlook for the next quarter and for 2023, in the Q4 update. In the meantime, we wish all of our shareholders a healthy and happy holiday season, and we look forward to a prosperous new year.

Sincerely,

Maurizio Cordova
CEO and Chairman of the Board, AURYN Mining Corporation

Forward-Looking Statements

This news release contains certain forward-looking statements within the meaning of the United States Securities Exchange Act of 1934, as amended. This forward-looking information includes, or may be based upon estimates, forecasts and statements of management’s expectations with respect to, among other things, the completion of transactions, the issuance of permits, the size and quality of mineral resources, future trends for the company, progress in development of mineral properties, future production and sales volumes, capital costs, mine production costs, demand and market outlook for metals, future metal prices and treatment and refining or milling charges, the outcome of legal proceedings, the timing of exploration, development and mining activities, acquisition of shares in other companies and the financial results of the company. There can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially and substantially from those anticipated in such statements. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves.