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)
Steve Barton, mine site.

Steve Barton: Gold, Silver Prices, Plus Uranium's "Slam Dunk" Setup

Steve Barton, host of In It To Win It, weighs in on the recent price declines in gold and silver, outlining the odds for their next moves. He also discusses uranium, saying that current levels represent a strong entry point for investors. "I think this bet is a slam dunk. I think this is a... Keep Reading...
Westhaven Gold President and CEO Ken Armstrong.

Westhaven Gold: Infill Drilling Wraps at Shovelnose, Prefeasibility Study Targeted for 2027

Westhaven Gold (TSXV:WHN) is wrapping up a 35,000 meter infill drill program at its Shovelnose project in BC's Spences Bridge gold belt by the end of September, with a new mineral resource estimate (MRE) expected early next year. Results include 37 meters at 5.3 grams per tonne (g/t) gold and... Keep Reading...
GoldInxs CEO Nick Michael.

GoldInxs Targets Blackwater-Style Potential at Fishpot in Central BC

"The best place to find a new mine is right next to an existing mine."GoldInxs Mining (TSXV:INXS,OTCQB:INXGF) President and CEO Nick Michael says that idea is why the company is exploring its flagship Fishpot property in Central BC.Speaking to the Investing News Network at the Precious Metals... Keep Reading...
Don Durrett, gold and silver bars.

Don Durrett: Gold, Silver Stock Opportunity "Unbelievable," My Focus Now

Don Durrett of GoldStockData.com shares his updated gold and silver price outlook, as well as how his portfolio is focused given the current environment. "You have this unbelievable opportunity here — the leverage is just somewhat crazy," he said.Don’t forget to follow us @INN_Resource for... Keep Reading...
John Griffith, gold bars.

Gold Trend is Up, Output to Grow 500 Percent by 2030 | Gold Royalty's John Griffith

John Griffith, president of Gold Royalty (NYSEAMERICAN:GROY), outlines his company's growth plans in what he expects to continue to be a strong gold price environment. "If you just look at our current portfolio, we have over the next five years 500 percent growth all fully bought and paid for,"... Keep Reading...
Domestic Metals CEO Gordon Neal.

Domestic Metals Drilling Rio Tinto's Smart Creek Hole at a New Angle

Domestic Metals (TSXV:DMCU,OTCQB:DMCUF,FWB:03E0) President and CEO Gordon Neal discussed the drill program now underway at the Smart Creek project in Montana.Speaking with the Investing News Network at the Precious Metals Summit in Beaver Creek, Neal emphasized that Rio Tinto's... Keep Reading...

Interactive Chart

Latest Press Releases

Related News