Aurion Resources Ltd. provided the following exploration update. Aurion currently has three active joint ventures, including two in Nevada and one in British Columbia, and anticipates partner-funded drilling on at least two during 2013, pending receipt of applicable permits; Aurion is well financed with $3 million cash and a low operating burn rate; Aurion is continually reviewing property submissions in a number of jurisdictions and has recently acquired two new gold projects in Nevada that it is confident it can advance economically and systematically to attract a joint venture partner. Logan Pass, Nevada, USA - Prospective for Carlin-type gold deposits and located south of the Eureka-Battle Mountain Trend. The property is host to a greater than 400 m by 150 m sub-horizontal zone of gold mineralization in silty carbonates of the Pogonip Formation, host to mineralization at the Long Canyon deposit of Newmont. Drilling in 1993 reported intercepts of 1.8 g/t Au over 6.1 m and 1.5 g/t Au over 9.15 m. No modern exploration since the early 1990's. Airborne and ground geophysics, mapping and geochemical sampling by Aurion and Terra Rossa, has identified several priority targets. A 1500-2000 m drill program is currently being permitted with anticipated start-up in second quarter-third quarter of 2013. Bull, Nevada, USA - Prospective for Carlin-type deposits and located on the southern part of the Battle Mountain-Eureka Trend. Previous workers in limited drilling in 1994 intercepted 3 m of 2.05 g/t Au within a 9.15 m intercept grading 1.15 g/t Au starting at approximately 15 m below the surface. Airborne geophysics (ZTEM/Mag), mapping, prospecting, geochemical sampling and compilation by Aurion, linked the mineralized outcrops with the extension of the controlling structure of Midway's Goldrock deposit to the south, and nearing production. The Bull property is optioned to Midway Gold Inc. Midway has advised Aurion that an exploration program, which may include drilling, is currently being planned for 2013. Lavington, BC, Canada - Prospective for porphyry Cu-Au and epithermal Au-Ag deposits and located in south-central BC, near the town of Vernon. The property is host to an extensive 1500 m by 400 m alteration zone, with coincident Au-in-soil geochemical and IP geophysical anomalies. Limited drilling in the late 1980's intersected 0.31 g/t Au over 125 m within a portion of this alteration zone. The property is optioned to Asher Resources (ACN.P). A $250,000-$300,000 drill program is planned for 2013. Southpaw, Nevada, USA - Prospective for Carlin-type deposits and located immediately north of and adjacent to Logan Pass. It is geologically similar to Logan Pass but stratigraphically higher. Aurion outlined gold mineralization in jasperoid breccias over an area of 250 m by 225 m and sampling returned assay results up to 19.3 g/t Au (grab) and 2.6 g/t Au over 4.0 m which occur within a 3000 m long by 350 m wide Au-in-soil geochemical anomaly. Seeking new JV partner. La Bandera, Durango, Mexico - Prospective for epithermal Au deposits, the property hosts a greater than 20 km long, under-explored epithermal gold vein system. In 2011-2012 the property was optioned to Aurico Gold who drilled 5300 m in 11 widely spaced holes with limited results. Several compelling targets remain to be tested across the property. Aurion is currently seeking a new JV partner. Kawich Gold Project, Nevada - Prospective for epithermal gold deposits and located in the Walker Lane belt. The property is host to a greater than 7 km long by greater than 1.0 km wide volcanic hosted low sulphidation epithermal vein system. The veins which locally reach 4 m in width occur within a broad zone of alteration. The property has been explored intermittently since the early 1900's including some drilling and small scale mining from high grade veins. Drilling by previous explorers in the 1990's, testing the bulk tonnage potential, intersected up to 40 m of 0.35 g/t Au and 13 g/t Ag. Aurion personnel collected a total of 78 rock chip samples during reconnaissance mapping which assayed from nil to 5.7 g/t Au (average: 0.59 g/t Au) and nil to 1590 g/t Ag (average: 103 g/t Ag). Aurion has signed a definitive agreement with 2 private individuals giving Aurion the right to acquire 100% in 73 unpatented claims for a total of $150,000 in staged payments over 4 yrs starting at $5,000 and subject to a 2% NSR that can be purchased for $2 million. Goldlands Gold Project, Nevada - Prospective for disseminated Carlin-style and volcanic hosted gold deposits and located in the Willow Creek mining district, Nye County, Nevada. The property is host to a greater than 150 m by greater than 50 m zone of jasperoid alteration and gold mineralization within Paleozoic carbonates. Twelve samples collected from this area assayed from 0.05 g/t Au to1.48 g/t Au (average: 0.42 g/t Au). Aurion has signed a definitive lease with option to purchase (100%) agreement from a private individual for 2 unpatented claims by making staged cash/lease payments starting at $5,000 on signing (paid) and increasing to $40,000 annually on the 7th anniversary (2019) and subject to a 2% NSR that can be purchased for $2 million.

Aurion Resources Ltd. announced the signing of a definitive exploration, development and mine operating agreement with Midway Gold US Inc., on Aurion's Bull gold project, located in Nevada's prolific Battle Mountain gold trend. The Bull property, comprising 357 unpatented mining claims lies east of Midway's Pan gold deposit and north of Midway's Gold Rock deposit. Under the terms of the agreement Midway can earn an initial 50% interest by completing $2 million in expenditures over five years, upon which it can elect to either declare a 50-50 joint venture or spend a further $2 million over 2 years to earn an additional 20% for a total 70% interest. Midway can also earn an additional 5% (75% total) by arranging mine financing. Midway will also maintain the underlying agreement and make all claims maintenance fees through the agreement. Midway will reimburse Aurion for claims maintenance fees paid in September 2012, of approximately $53,000. The company also announced the appointment of Mr. Dennis Clarke, LL.B, LL.M, to the company’s board of directors. His practice is general corporate law, mergers & acquisitions, commercial financing and related security. He previously acted as the assistant corporate secretary to FPI Limited. During this time he also acted as general external counsel to FPI providing advice on corporate matters and corporate financing, and was lead counsel for FPI's $300,000,000 divestiture to High Liner Foods Incorporated and Ocean Choice International Limited. From June 2006 to June 2009 he was Managing Partner of the Newfoundland and Labrador office of McInnes Cooper. Dennis will act as general corporate counsel for the company.

Aurion Resources Ltd., Annual General Meeting, Jun 26, 2012., at 14:00 Newfoundland Standard Time. Location: 120 Torbay Road. Agenda: To receive and consider financial statements for the fiscal year ended December 31, 2011; to fix the number of directors to be elected at five; to elect the directors; to appoint the auditors and to authorize the directors to fix their remuneration; to approve the stock option plan; and to transact such other business as may properly be brought before the meeting or any adjournment.