Highest Grade Interval To Date At Aureus East Gold Project

TORONTO - Aurelius Minerals Inc. reported additional assay results from underground drilling at its Aureus East Gold Project located in Nova Scotia, Canada. The reported holes were drilled from the second underground drill pad and encountered multiple high-grade gold zones from the start of the holes down to a depth of 472 meters (m) in hole AE-20-007.

Highlights from Aureus East drill program - Hole AE-20-007 Intersected: 0.5m @ 21.0 g/t gold, 0.5m to 1m, and Sample is from rock directly below the floor of the underground drift; 32m @ 2.91 g/t gold, from 245m to 277m - including 0.6m @ 55.8 g/t gold, from 245 to 245.6m - including 0.8m @ 22.6 g/t gold, from 252m to 252.8m - including 1.0m @ 21.8 g/t gold, from 263.2 to 264.2m; 0.8m @ 18.6 g/t gold, from 299.9m to 300.7m; 12.0m @ 2.78 g/t gold, from 317.8m to 329.8m - including 4m @ 6.39 g/t gold, from 325m to 329m - including 1m @ 13.8g/t gold, from 328m to 329m; 2.0m @ 132.4 g/t gold, from 335m to 337m - including 1.0m @ 264.0 g/t gold, from 335m to 336m; 1.2m @ 13.3 g/t gold, from 377.5m to 378.7m - including 0.7m @ 21.2 g/t gold, from 377.5m to 378.2m; 15.8m @1.48 g/t gold, from 403.2m to 419m - 1m @ 10.7 g/t gold, from 414m to 415m; and 1m @ 11.7 g/t gold, from 471.7m to 472.7m.

Mark N.J. Ashcroft, P.Eng, President and CEO, said, "We continue to have excellent success at Aureus East intersecting multiple discreet mineral horizons within broadly mineralized zones. Hole AE-20-007 is our most successful hole to date, but notably, all of our Phase 1 drill holes, to date, have intersected gold mineralization. That's a tremendous achievement considering what limited information we started with, and doing it all in the middle of a travel restricting pandemic. The opportunities we continue to see at this project are significant, especially when you consider we have identified high grade material in the floor of the development drift where Pad 2 was set up, reinforcing the importance of drilling in advancing this project forward on our path to production."

The Company is currently drilling with two rigs at the Aureus East project. One rig remains underground at Pad 2 and is exploring to the west of hole AE-20-007 targeting the extensions of the zones intersected in hole AE-20-007. The second rig is drilling from surface and targeting favorable southern legs to the gold horizons and specifically Gold Zone 9. All the gold zones at Aureus East are stacked, folded, and dipping to the east. The near-surface zones have been intersected in historical drilling along the trend at least 1km to the east. Aurelius has been focused on the western portion of the system near the underground openings to enhance the interpretation of the system and improve the targeting as it steps out along the trend.

The Company has completed Phase One drilling at Aureus West and is awaiting further assays before initiating a second phase. Ten holes have been completed to date. Assays have been released for six holes, and the balance of samples have been delivered to the assay facilities. Results will be released as they become available.