REG-Auxico Resources Canada Inc.: Withdrawal from NEX Exchange

Auxico Resources CanadaAnnouncement

26/06/2019 16:50

26 June 2019

Auxico Resources Canada Inc.
(“Auxico” or the “Company”)

WITHDRAWAL FROM NEX EXCHANGE

Auxico Resources Canada Inc. (CSE: AUAG) (NEX London: AUAG) announces that it
has today submitted a request to the NEX Exchange Growth Market (“NEX”),
that its ordinary shares be withdrawn from trading on NEX, with such
withdrawal to take effect as of market close on 26 July 2019
(“Withdrawal”).

The Company has its primary listing on the Canadian Securities Exchange
(“CSE”). The NEX Exchange quotation was sought as a secondary listing to
further enhance the transparency and fundraising ability of the Company. The
NEX quotation gives UK shareholders the ability to hold Common Shares through
a Depositary Interest, allowing for full fungibility. With a market
capitalisation of approximately £3.5m, the Company no longer believes it can
justify the cost of being dual listed. The Company is head quartered in Canada
and therefore the Directors are of the opinion that the CSE listing is
sufficient for the Company’s purposes.

The Company notes that under the NEX Exchange Growth Market - Rules for
Issuers, if an issuer has its shares traded on another market of equivalent
regulatory standing (including a qualifying market), shareholder approval at a
general meeting will not be required to be sought. The Company’s Common
Shares are traded on the CSE, a qualifying market, and accordingly a circular
is not being posted to shareholders as there is no need to obtain shareholder
approval.

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

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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