KINROSS TERMINATES OPTION AGREEMENT FOR LAUNI EAST PROPERTY

Aurion Resources Ltd. logo (CNW Group/Aurion Resources Ltd.)

Aurion Resources Ltd. (TSXV: AU,OTC:AIRRF) (OTCQX: AIRRF) ("Aurion") announces that it has received notice from Kinross Gold Corporation's Finnish subsidiary, KG Exploration Finland Oy ("Kinross") that Kinross has terminated its option to acquire a 70% interest in Aurion's Launi East Property ("Launi").  As a result, Aurion retains its 100% interest in Launi. Kinross has held the option since August 21, 2023, and has incurred total exploration expenditures of more than USD$2,000,000 on the Property.  Kinross is obligated to provide Aurion with all the technical data resulting from Kinross' work within 45 days of the termination.

About Aurion

Aurion is a Canadian exploration company listed on the TSXV and the OTCQX Best Market. Aurion's strategy is to generate or acquire early-stage precious metals exploration opportunities and advance them through direct exploration by our experienced team or by business partnerships and joint venture arrangements. Aurion's current focus is the holding of a special meeting (the "Special Meeting") of the holders of common shares of Aurion and holders of warrants of Aurion to consider and vote on a special resolution (the "Arrangement Resolution") approving the arrangement (the "Arrangement") involving Aurion and Agnico Eagle Mines Limited to be implemented pursuant to a statutory plan of arrangement under the Business Corporations Act (British Columbia) (see Aurion's news releases dated April 20, 2026 and May 8, 2026). The Special Meeting will be held in a virtual-only format on Friday, June 5, 2026 at 12:30 p.m. (Toronto time).  Aurion continues to explore its Risti project, and to advance its joint venture properties with Agnico Eagle Mines Limited and KoBold Metals Company in Finland.

On behalf of Aurion Resources Ltd.

Matti Talikka, Chief Executive Officer, Director

Website: www.aurionresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

SOURCE Aurion Resources Ltd.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2026/19/c2130.html

News Provided by Canada Newswire via QuoteMedia

AU:CC
The Conversation (0)
Gold letters spelling "Fed" in front of a pile of gold dollar coins and US flag.

Gold Price Dips Back Below US$4,300 as New Fed Chair Holds Rates Steady

The US Federal Reserve held its first meeting with new Chair Kevin Warsh from Tuesday (June 16) to Wednesday (June 17) as a US-Iran peace deal is on the table and the US economy is in the midst of a three-year inflation high alongside a resilient labor market. The central bank held the federal... Keep Reading...
Jeffrey Christian, gold bars.

Jeffrey Christian: Gold, Silver, PGMs — My Summer Price Outlook

Jeffrey Christian, managing partner at CPM Group, shares his summer outlook for gold and silver prices, saying he expects consolidation within a volatile range. However, as the year continues, he believes both precious metals could move back toward highs seen earlier in 2026. Platinum and... Keep Reading...
Gold bars on financial charts and a notebook.

Top 5 ASX Gold Stocks in 2026

The gold price may have receded from the new all-time high above AU$6,860.28 per ounce set in Q1, but the yellow metal is still trading at historic highs in the second quarter. The gold bull market has been well-supported by a number of factors. Among them is the pervading geopolitical turmoil... Keep Reading...
A pair of white-gloved hands holds a gold bar over a stack of gold bars with a vault in the background.

WGC: Central Banks Plan to Boost Gold Allocations as US Dollar Outlook Declines

Global central banks plan to increase their gold reserves while reducing their exposure to the US dollar over the next five years, according to the World Gold Council's (WGC) 2026 Central Bank Gold Reserves survey.The annual survey, which drew a record 76 responses from reserve managers between... Keep Reading...
Emperor Metals

Emperor Metals Returns 15.0 Meters of 61.5 g/t Gold Including 2.4 Meters of 369.6 g/t Gold

Visible gold observed in multiple zones within the intercept.
Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) ("Emperor") is pleased to report on the recent assay release of high-grade gold in DQ26-20 as well as progress of its 2026 exploration campaign at its Duquesne West Project, integrating +15,000 meters of new drilling with 8,000 meters of... Keep Reading...

Interactive Chart

Latest Press Releases

Related News