Aton Announces Corporate and Operations Update

VANCOUVER, BC / ACCESSWIRE / March 22, 2023 / Aton Resources Inc. (AAN:TSX-V) ("Aton" or the "Corporation") provides the following corporate and operations update.

Corporate update

Aton announces that Dr Sherif Sousa, will step down from his role as Country and General Manager of Aton's branch in Egypt due to other commitments and personal reasons, and will relinquish all positions with Aton as of March 31, 2023. Dr Sousa will continue to be available to provide ongoing support to the Corporation in a consultancy role going forwards, as well as assisting with the transition to new management in Egypt.

Interim CEO of Aton Resources, Tonno Vahk, will assume the position of the General Manager of Aton's branch in Egypt. Mr. Cherif Barakat will be joining Aton in the position of Country Manager and will assume the management of Aton's day-to-day activities in Egypt. Mr. Barakat brings a wealth of experience to the role with more than 20 years' experience in the international resource space in the US, Europe and Egypt. Before joining Aton Resources in 2023, Mr. Barakat founded Eastern Desert Gold Ltd ("EDG") in 2021 with the objective of developing Egypt's mineral resources and mining sector. Prior to founding EDG, Mr. Barakat held roles at Exxon Mobil Corporation and Glover Park Group, and in 2011 he founded Acacia Consultants which has been dedicated to improving Egypt's mining policy environment, raising Egypt-focused exploration investment and advising publicly traded exploration companies operating in Egypt.

"We are very grateful for the work Dr. Sousa has done as General Manager, and all the effort he has put in, to help set Aton on a solid path towards the mining licence at the Abu Marawat Concession." said Tonno Vahk, Interim CEO. "The last few years have been very successful for Aton and we have made great progress under Sherif's incomparable leadership. These are very important times for Aton, we will be completing a new MRE covering Rodruin and Hamama in a few months' time, and we will be submitting our application for the mining licence later this year. I have decided to become more directly involved in the daily management of the branch in Egypt and I am very happy to have Cherif Barakat joining us to strengthen our management team in Egypt as we transition to becoming only the second foreign listed company to have been issued a gold mining licence in Egypt."