Auxico Resources Canada Inc. announce the appointment of Mr. Byron Kingto the Auxico Resources Board of Directors (the "Board") as independent non-executive director, effective November 14, 2022. The appointment of Mr. King is a valuable addition to the Board due to his outstanding international career and focus on the critical minerals space, financial markets and public policy. Mr. King studied geology and graduated with honors from Harvard University, and he holds advanced degrees from the University of Pittsburgh School of Law and the U.S. Naval War College.

He has extensive knowledge and expertise in mineralogy, specifically regarding rare earth elements and critical minerals, as well as government policies. Mr. King served in the U.S. Navy and has advised the U.S. Department of Defense on national energy policy. Auxico's Board would like to express its gratitude to its shareholders for their continued support as the Company continues to develop its projects across various jurisdictions.

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