Aton Resources Inc. update investors on the results of recent surface sampling programmes at several of its regional target areas, undertaken ahead the ongoing reverse circulation percussion drilling programme at the Company's 100% owned Abu Marawat Concession ("Abu Marawat or the Concession"), in the Eastern Desert of Egypt. Highlights: Aton has recently undertaken several sampling and mapping programmes in advance of the now started RC drilling programme; A total of 104 selective grab and non-selective surface channel samples were collected from the Semna, Abu Gaharish, Bohlog, Sir Bakis and Massaghat prospects; 25 samples were collected from theSemna prospect, returning assays including 27.6 g/t Au, 24.0 g/t Au and 16.95 g/t Au; 40 samples were collected from the Abu Gaharish prospect, returning assays including 67.5 g/t Au, 23.3 g/t Au and 16.,5 g/t Au; 17 samples were collected from the Bohlog prospect, returning assays including 54.9 g/t Au and 48.4 g/t Au; 8 samples were collected from the Sir Bakis prospect, returning assays including 9.62 g/t Au and 6.61 g/t Au; 14 samples were collected from the Massaghat prospect, returning assays including 34.5 g/t Au. The Company has undertaken several ad hoc surface sampling programmes, as part of its preparation and planning activities for the regional RC exploration drilling programme that has now started.

All the Company's main exploration targets have recently been exploited by artisanal miners, predominantly since the Company's suspension of field activities in 2020 as a result of the covid-19 pandemic. This has provided the opportunity to carry out additional sampling and mapping of the known structures, as well as previously unidentified mineralised structures that have been exploited by the artisanal miners. The sampling consisted predominantly of selective grab and chip sampling, with fewer 1-2m long non-selective in situ channel samples across potentially mineralised structures.

Sampling was undertaken at the Semna, Abu Gaharish, Bohlog, Sir Bakis and Massaghat prospect areas The historic Semna gold mine is located approximately 27km east-northeast of the Company's Hamama West mineral deposit and 13km northeast of the Rodruin deposit, and has a long history of mining, dating back to the Old Kingdom period, over 4,500 years ago. In modern times, Semna was mined between 1904- 1906 by two British companies. It has been reported that the Semna mine worked the widest vein exploited during the British era of mining in Egypt, reaching up to 6m width in places, and mining grades of over 2 ounces per ton were reported at the time.

Reports from the Mining Journal from 1905 indicated that some remnant pillars within ancient Pharaonic-era stopes assayed up to 5.5 ounces per ton gold. In recent years the Semna area has recently been heavily exploited by illegal artisanal miners. The gold mineralisation at Semna is strongly structurally controlled, and hosted in quartz diorite, consisting of at least 4 distinct and sub-parallel zones, striking approximately east-west.

The Main Vein and the South Vein zones have been the primary focus of historic mining, but there are also workings developed on other structures. Mapping of recent artisanal excavations and also drill access road cuttings has indicated the presence of previously unidentified structures and apparently mineralised quartz veins, for example the SE Vein. This concurs with the observations and conclusions from the 2018 GPR geophysical survey, which identified numerous anomalous responses away from known mineralised structures, indicating potential for the discovery of hitherto unidentified high grade mineralised veins and structures at Semna.

During the current sampling programme 25 samples were collected from the Semna gold mine area, with. 3 of the samples were non-selective chip channel samples, and the remainder were selective grab or grab composite samples. Aton has previously returned channel sampling intercepts including 5.17 g/t Au over an interval of 9.7m at surface, and individual channel samples grading up to 18.05 g/t Au from Semna.

Abu Gaharish is located approximately 30km east of Hamama and 12 km east-northeast of Rodruin. Gold mineralisation at Abu Gaharish is interpreted as being related to a significant structural and gold mineralised zone localised by the contact between the late Gaharish granite pluton and the package of country meta-sedimentary and mafic to ultramafic rocks. The mineralisation appears to be hosted in a complex series of conjugate and ladder-type structures, and Aton's geologists believe that the Abu Gaharish mineralisation bears many similarities to that at the world-class Sukari deposit 200 km to the south.

Ground GPR geophysical profiling, and ultra-low level multi-element ionic leach (mobile metal ion) geochemical analyses from a wadi sediment sampling programme indicate the potential for blind structures and mineralisation under wadi sediments to the west of the contact. During the current sampling programme 40 samples were collected from the Abu Gaharish area, over a c. 3 km strike length along the granite contact, with selected results. 4 of the samples were non-selective chip channel samples, and the remainder were selective grab or grab composite samples.

Aton has previously reported surface channel sample intercepts including 1.04 g/t Au over a 31.2m interval, and individual non-selective grab samples grading up to 157 g/t Au from Abu Gaharish. 6 (15%) of the Abu Gaharish samples from the current programme returned assays greater than 10 g/t and 16 (40%) returned assays greater than 1 g/t Au, including individual samples grading up to 67.50 g/t Au (sample AHA-50132). Aton has developed a provisional 28 hole RC drilling programme for a total of 4,040 metres at Abu Gaharish, and this drilling is currently expected to start in early June 2023.

Bohlog is located approximately 17km east-northeast of Hamama, and 8km north of Rodruin, and was a significant mining area in ancient times. Illegal artisanal miners have again been active in the Bohlog area in recent years. The gold mineralisation at Bohlog is spatially related to the late Bohlog granite, which is intruded into early orogenic `grey granites'.

The geological setting, with mineralisation close to the margin of a late granite, a distinctive Au-W-Pb-Cu geochemical signature, and the strong structural controls all indicate similarity to the mineralisation at Abu Gaharish. In early 2017 the Company's field crews carried out a programme of grab and channel sampling which returned assays of up to 21.1 g/t Au.