Aton Resources Inc. updated investors on the final results of the Phase 2 diamond drilling programme at its advanced Rodruin gold exploration project, located in the Company's 100% owned Abu Marawat Concession ("Abu Marawat" or the "Concession"), in the Eastern Desert of Egypt. Highlights: Diamond drilling was completed at Rodruin on December 10, 2022, with a total of 9,073 metres drilled from 85 holes. The results are now available for the final 16 holes, ROD-118 to ROD-133; 8 drill holes were completed in the Aladdin's Hill and Aladdin's Hill NE areas, with results including 4.39 g/t Au and 4.5 g/t Ag over an interval of 11.85m from 29.45m downhole depth (ROD-120) and 3.72 g/t Au and 5.8 g/t Ag over 5.5m from 26.3m (ROD-122), both associated with oxidised phyllic alteration zones; Mineralisation associated with gossanous carbonates at Aladdin's Hill returned intervals of 63.2m grading 0.69 g/t Au and 6.6 g/t Ag (ROD-123) and 18.7m grading 1.27 g/t Au and 6.5 g/t Ag (ROD-124), both from surface.

ROD-124 also returned an intersection of 41.6m grading 4.36% Zn and 0.29 g/t Au from 74.7m; A further 8 holes were drilled at the Central Buttress Zone, the GF Zone and the South and North Ridges which returned mineralised intersections including 3.14 g/t Au and 4.2 g/t Ag over an interval of 8.6m from surface (ROD-128) at the GF Zone, and 0.77 g/t Au and 7.0 g/t Ag over an interval of 27.5m, alsofrom surface (ROD-127), at the Central Buttress Zone. The Phase 2 diamond drilling programme commenced in November 2021, and oxide zone results reported to date include 88.25m grading 1.74 g/t Au and 9.7 g/t Ag, from 25.75m (hole ROD-055, see news release dated March 1, 2022), and 129.5m grading 1.00 g/t Au and 8.8 g/t Ag, over the entire length of hole ROD-056 from its collar. Deeper sulphide mineralisation in the Aladdin's Hill NE area has returned intersections including 88.6m grading 5.76 g/t Au, 42.0 g/t Ag, 0.31% Cu and 2.40% Zn, and 36.9m grading 7.04 g/t Au, 47.2 g/t Ag, 0.63% Cu and 7.18% Zn (ROD-075, see news release dated June 1, 2022).

The final hole, ROD-133, was completed on December 10, 2022, with a total of 9,073.2 metres drilled. The rig has now been deployed to the Hamama project, where it re-started drilling on January 13, 2023. The now completed Rodruin diamond drilling programme was designed with the specific objective of delineating and establishing a maiden mineral resource estimate ("MRE") at Rodruin.

The main focus of the drilling has been to delineate potential oxide resources, which will be included in the Company's submission to the Egyptian Mineral Resources Authority ("EMRA") in support of "commercial discoveries" at both Rodruin and Hamama. This submission is scheduled for mid-2023, and is part of the process laid out in the Abu Marawat Concession Agreement, and which is anticipated will lead to the issuance of an exploitation licence at Abu Marawat, covering both the Rodruin and Hamama deposits.