Auxico Resources Canada Inc. announced that its annual consolidated financial statements for the year ended September 30, 2022, including the related management discussion and analysis, and CEO and CFO certifications (collectively, the "Annual Financial Filings") will not be filed by the required filing deadline of January 30, 2023 (the "Filing Deadline"). The Annual Financial Filings will not be filed on or before the Filing Deadline due to the fact that there have been delays associated with the change in auditor this year, as well as staffing issues of the Company's new auditors, BDO LLP. The Company's Board of Directors and management confirm that they and the Company's auditors are working diligently to complete the final steps in the audit process and minimize the filing delay as much as possible.

The Company confirms that there is no other material information concerning the affairs of the Company that has not been publicly disclosed. The Company expects to be able to file the Annual Financial Filings on or before February 28, 2023.