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To: Goose94 who wrote (19038)6/20/2016 11:24:38 AM
From: Goose94Read Replies (2) | Respond to of 202372
 
Auryn Resources (AUG-V) June 20, '16 is pleased to announce that it has completed the staking of 162,000 additional hectares at its Committee Bay gold project located in Nunavut, Canada. This staking expands Auyrn’s current land package to greater than 380,000 hectares across the entire Committee Bay greenstone belt (see figure 1). Auryn has also initiated its summer exploration program which will consist of approximately 10,000 meters of rotary air blast (“RAB”) discovery focused drilling on the Anuri and West Plain target as well as the completion of regional till sampling across the entire project.

Airborne geophysical data, acquired during the spring program, has advanced targeting within the Anuri corridor by successfully identifying high priority targets defined through the combination of magnetic, electro-magnetic, drone imagery, and geochemical datasets (see figure 2).

Auryn would also like to welcome the addition of Rael Lispon to its technical team. Mr. Lipson held the role of Chief Exploration Geologist at Goldfields for over 14 years and was instrumental in the discovery of the Three Bluffs deposit at Committee Bay. Mr. Lipson commented, “I am delighted to once again be associated with the Committee Bay project in Nunavut after an absence of some 13 years. This belt-scale play, which besides the 1.3 million ounce Three Bluffs deposit, is still in the very early stages of exploration and promises significant untapped potential. It is with excitement that I look forward to working with the dynamic Auryn team in taking the project to the next level.”

Shawn Wallace President and CEO of Auryn stated, “We are very excited to commence our discovery focused exploration program this summer. The Committee Bay project represents one of the largest, high-grade gold endowed greenstone belts in the world with several preliminary gold discoveries to date.”

In accordance with its stock option plan, the Company has granted stock options exercisable into 2,355,000 common shares at a price of $2.63 per common share to directors, officers, employees and consultants.

On Behalf of the Board

Shawn Wallace
President, CEO and Director


For further information, please contact:
Jay Adelaar, Manager of Investor Relations
Auryn Resources Inc.
T: 778.729.0600
info@aurynresources.com

About Auryn Resources: Auryn Resources is a junior mining exploration company focused on delivering shareholder value through project acquisition and development. The Company’s management team is highly experienced with an impressive track record of success in the discovery, development, financing and monetizing of mining assets for shareholders.



To: Goose94 who wrote (19038)7/11/2016 8:46:50 AM
From: Goose94Read Replies (3) | Respond to of 202372
 
Homestake Resources (HSR-V) and Auryn Resources (AUG-V) July 11, '16 are pleased to announce that they have entered into a definitive arrangement agreement (the "Arrangement Agreement") pursuant to which Auryn will acquire 100% of Homestake under a plan of arrangement (the "Arrangement") on the terms previously disclosed in their joint news release issued on June 13, 2016. Under the Arrangement, Homestake shareholders will receive one Auryn common share for each seventeen (17) Homestake common shares held at the time of completion of the Arrangement.

Completion of the Arrangement is principally subject to (a) approval of at least 66 2/3% of the votes of holders of common share cast at the annual and special meeting of Homestake shareholders to be held August 25, 2016 (the "Meeting"); (b) TSX Venture Exchange approval; (c) the Supreme Court of British Columbia approval, and other customary closing conditions. Full details of the Arrangement will be set out in the information circular of Homestake which Homestake expects to mail to its shareholders in respect of the Meeting within 20 days. Assuming all the requisite approvals are received, Auryn and Homestake expect to close the proposed Arrangement before the end of September 2016. Further details of the Arrangement are found in the June 13, 2016 news release.

In addition, Auryn has entered into debt conversion agreements with certain creditors of Homestake, whereby at the closing of the Arrangement, Auryn will issue to the creditors common shares of Auryn at an issue price of $2.30 per Auryn common share in settlement of debt of Homestake in an aggregate amount $906,655. (NTD - This amount includes partial settlement of change of control payments).

Directors and officers of Homestake, holding an aggregate of approximately 1.46% of the issued and outstanding Homestake common shares, have entered into voting and lock-up agreements in which they have agreed, among other things, that they will support the transaction and vote their Homestake shares in favour of the Arrangement.

Copies of the Arrangement Agreement, support agreements, information circular and certain related documents will be filed with securities regulators and will be available on SEDAR at www.sedar.com in due course.

About Auryn Resources: Auryn Resources is a junior mining exploration company focused on delivering shareholder value through project acquisition and development. The Company's management team is highly experienced with an impressive track record of success in the discovery, development, financing and monetizing of mining assets for shareholders.

On Behalf of Auryn Resources

Shawn Wallace

On Behalf of Homestake Resource Corp.

Larry Page

Auryn Resources Inc.
Jay Adelaar
Manager of Investor Relations
778.729.0600
info@aurynresources.com