REG-Auxico Resources Canada Inc.: Auxico Closes Private Placement

Auxico Resources CanadaAnnouncement

06/11/2018 09:15

6 November 2018

Auxico Resources Canada Inc.

(“Auxico” or the “Company”)

NEWS RELEASE

AUXICO CLOSES PRIVATE PLACEMENT

The Company is pleased to note the announcement released yesterday via SEDAR
in Canada.

“Montreal, Quebec / November 5, 2018 – Auxico Resources Canada Inc. (CSE:
AUAG) (NEX London: AUAG) is pleased to announce that it has completed a
non-brokered private placement of 1,575,000 units (“Units”), issued at a
price of $0.20 per Unit, for gross proceeds of $315,000.  Each unit consists
of one common share (a “Share”) and one-half transferable common share
purchase warrant (“Warrant”).  Each full Warrant entitles the holder to
acquire one additional Share of the Company at a price of $0.40 per Share for
two years from the date of issuance.

No finder’s fees were paid in connection with the private placement. All
Shares issued pursuant to the private placement are subject to a four-month
hold period in Canada. 

The net proceeds of the private placement will be used for geological work on
the Company’s mining interests in Colombia and the Zamora Property in
Mexico, as well as for general working capital purposes. More specifically,
Auxico is presently evaluating coltan and gold opportunities in Colombia.

ON BEHALF OF THE BOARD OF DIRECTORS

« signed »                                                        
« signed »
Pierre
Gauthier                                                
Mark Billings

CEO, Auxico Resources Canada Inc.                 President,
Auxico Resources Canada Inc.

pg@auxicoresources.com
                                
mb@auxicoresources.com
Cell: +1 514 299
0881                                     
Cell: +1 514 296 1641”

The Directors of the Company accept responsibility for the contents of this
announcement.

For further information, please contact:

 Auxico Resources Canada Inc. Mark Billings, President www.auxicoresources.com/                         + 1 514 296 1641  mb@auxicoresources.com  
 NEX Exchange Growth Market Corporate Adviser:  Peterhouse Capital Limited Guy Miller and Fungai Ndoro  +44 (0)20 7469 0930                       

About Auxico Resources Canada Inc.

Auxico Resources Canada Inc. (“Auxico”) is a Canadian company that was
founded in 2014 and based in Montreal. Auxico is engaged in the acquisition,
exploration and development of mineral properties in Colombia and Mexico.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept
responsibility for the adequacy or the accuracy of the contents of this
release.



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