To discuss the transaction, Auryn and Eastmain will host a conference call on Thursday, July 30<sup>th</sup> at 8:00 AM PDT/11:00 AM EDT.</p> <p>A link to the live webcast of the conference call will be on Auryn’s website at <a href="http://www.aurynresources.com">www.aurynresources.com</…, as well as on the Fury Gold website at <a href="http://www.furygoldmines.com">www.furygoldmines.com</…> <p>For those preferring to listen by telephone, please dial 416-764-8659 or toll-free 1-888-664-6392. To ensure your participation, please call approximately five minutes prior to the scheduled start of the call. To listen to the replay, please dial 416-764-8677 or toll-free 1-888-390-0541, access code 944859. </p> <p>The webcast, along with presentation slides, will be archived on the websites.</p> <p>ON BEHALF OF THE BOARD OF DIRECTORS OF AURYN RESOURCES INC.</p> <p><em>Ivan Bebek</em>
Executive Chairman and Director</p> <p>AND ON BEHALF OF THE BOARD OF DIRECTORS OF EASTMAIN RESOURCES INC.</p> <p><em>Blair Schultz</em>
Interim President and CEO</p> <p><strong>About Auryn</strong></p> <p>Auryn is a technology-driven, well-financed junior exploration company focused on finding and advancing globally significant precious and base metal deposits. Auryn has a portfolio approach to asset acquisition and has six projects, including two flagship projects: the Committee Bay high-grade gold project in Nunavut and the Sombrero copper-gold project in southern Peru. Auryn’s technical and management teams have an impressive track record of successfully monetizing assets for all stakeholders and local communities in which it operates. Auryn conducts itself to the highest standards of corporate governance and sustainability.</p> <p><strong>About Eastmain</strong></p> <p>Eastmain is a Canadian exploration company operating in the Eeyou Istchee emerging James Bay gold camp in Québec. Eastmain holds a 100%-interest in the Clearwater Property, host of the Eau Claire Project, for which it issued a Preliminary Economic Assessment (“PEA”) in May 2018, and the Percival Discovery made in November 2018. Eastmain is also the operator of the Éléonore South Joint Venture, located immediately south of Newmont’s Éléonore Mine, which hosts the Moni/Contact Trend Discovery (2017).</p> <p><strong>Forward Looking Information and Additional Cautionary Language</strong></p> <p>This release includes certain statements that may be deemed “forward-looking statements”. Forward-looking information is information that includes implied future performance and/or forecast information including statements with respect to the Transaction, including the benefits of the Transaction, the creation of Fury Gold and its board of directors and advisory board, the terms and completion of the Financing, Fury Gold’s exploration and development plans, the application to list Fury Gold on the TSX and NYSE American, the anticipated meeting dates and mailing of the information circulars in respect of the meetings, timing for completion of the Transaction and receiving the required regulatory and court approvals, and title to mineral concessions. These statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company and Eastmain to be materially different (either positively or negatively) from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers should refer to the risks discussed in (i) Auryn’s Annual Information Form and MD&A for the year ended December 31, 2019 and subsequent continuous disclosure filings with the Canadian Securities Administrators available at <a href="http://www.sedar.com/…> and the Company’s registration statement on Form 40-F filed with the United States Securities and Exchange Commission and available at <a href="http://www.sec.gov/…>. and (ii) Eastmain’s Annual Information Form and MD&A for the year ended October 31, 2019 and subsequent continuous disclosure filings with the Canadian Securities Administrators available at <a href="http://www.sedar.com/…> <p><strong>Cautionary Note to US Investors</strong></p> <p>This news release has been prepared in accordance with the requirements of Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects (‘‘NI 43-101’’) and the Canadian Institute of Mining, Metallurgy and Petroleum Definition Standards, which differ from the requirements of U.S. securities laws. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for all public disclosure an issuer makes of scientific and technical information concerning mineral projects. Accordingly, information contained or incorporated by reference in this news release that describes mineral deposits may not be comparable to similar information made public by issuers subject to the United States Securities and Exchange Commission’s reporting and disclosure requirements applicable to domestic United States issuers.</p> <p><strong>Disclaimer</strong></p> <p>The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
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