Mr. Mark Campbell reports

ATON ANNOUNCES REPAYMENT OF BRIDGE LOAN AND EXERCISE OF WARRANTS

Aton Resources Inc. has repaid the company's bridge loan with Ou Moonrider previously announced Nov. 21, 2018.

Aton reports that all 20.5 million warrants issued in its December, 2015, private placement, have been exercised at an exercise price of five cents per warrant, and the company has issued a total of 20.5 million common shares to the warrant holders. The proceeds from the exercise of these warrants have been used to repay the $1-million bridge loan, within the six-month repayment date.

"I am very pleased to announce that we have repaid our bridge loan early," said Mark Campbell, president and chief executive officer. "The support from not only our cornerstone investors, but from all of our investors, is amazing, and without this support, we could not have accomplished our outstanding results. On behalf of all us at Aton, we thank them."

The company also reports that 20 million of the warrants were exercised by insiders, or companies controlled by insiders of the company, namely OU Hektik, Moonrider and Kouts Capital, a company controlled by director Bill Koutsouras.

Hektik acquired an aggregate of 6.5 million common shares through the exercise of the warrants, representing approximately 2.25 per cent of Aton's issued and outstanding common shares. Hektik previously held 36,673,077 common shares of the company. Following the exercise of warrants, Hektik owns and controls 43,173,077 common shares of Aton, representing approximately 14.98 per cent of the issued and outstanding common shares of the company as of the date hereof. Prior to the exercise of warrants, Hektik owned 13.70 per cent of Aton's issued and outstanding shares. In addition, if Hektik was to exercise all 16,923,077 share purchase warrants it holds, which were acquired in earlier financings, Hektik would own approximately 19.69 per cent of the issued and outstanding common shares of the company (assuming no other convertible securities of Aton are exercised).

Moonrider acquired an aggregate of 5.5 million common shares through the exercise of warrants, representing approximately 1.90 per cent of Aton's issued and outstanding common shares. Moonrider previously held 64,134,154 common shares of the company. Following the exercise of warrants, Moonrider owns and controls 69,634,154 common shares of Aton, representing approximately 24.15 per cent of the issued and outstanding common shares of the company as of the date hereof. Prior to the exercise of warrants, Moonrider owned 23.95 per cent of Aton. In addition, if Moonrider was to exercise all 57,027,972 share purchase warrants it holds, which were acquired in earlier financings, Moonrider would own approximately 36.68 per cent of the issued and outstanding common shares of the company (assuming no other convertible securities of Aton are exercised).

The acquisition of the common shares by Hektik and Moonrider was effected for investment purposes. The acquirers may from time to time acquire additional securities of Aton, dispose of some or all of the existing or additional securities they hold or will hold, or may continue to hold their current position.

The early warning report, as required under National Instrument 62-103, contains additional information with respect to the foregoing matters and will be filed by Hektik on Aton's SEDAR profile.

About Aton Resources Inc.

Aton Resources is focused on its 100-per-cent-owned Abu Marawat concession, located in Egypt's Arabian-Nubian Shield, approximately 200 kilometres north of Centamin's Sukari gold mine. Aton has identified a 40-kilometre-long gold mineralized trend at Abu Marawat, anchored by the Hamama deposit in the west and the Abu Marawat deposit in the east, containing numerous gold exploration targets, including three historical British mines. Aton has identified several distinct geological trends within Abu Marawat, which display potential for the development of RIRG and orogenic gold mineralization, VMS (volcanogenic massive sulphide) precious and base metal mineralization, and epithermal-IOCG-(iron oxide copper, gold) precious and base metal mineralization. Abu Marawat is over 738 square kilometres in size and is located in an area of excellent infrastructure, with a four-lane highway, a 220-kilovolt power line and a water pipeline in close proximity.

Qualified person

The technical information contained in this news release was prepared by Javier Orduna, BSc (honours), MSc, MCSM, DIC, MAIG, SEG(M), FGS, exploration manager of Aton Resources. Mr. Orduna is a qualified person (QP) under National Instrument 43-101 (Standards of Disclosure for Mineral Projects).

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