November 2017
Forward looking statements Reference to “Aton Resources", "AAN", or "the Company" refers to Aton Resources Inc., the Company listed on the TSX Venture Exchange under the symbol AAN, or any of its subsidiaries: Aton Resources Inc., Aton Mining Inc., or Canex Enterprises Inc. Other than statements of historical data and interpretations based on data, all statements that address activities, events or developments that Aton Resources believes, expects or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements are commonly, but not universally identified by the use of words such as "seek," "anticipate," "believe," "plan," "estimate," "expect," and "intend", and statements that an event or result "may,“ "can," "should," "could," or "might" occur or be achieved, and other similar expressions. Forward-looking statements reflect the current expectations or beliefs of AAN based on currently available information. Forward-looking statements are subject to a number of risks and uncertainties that may cause the actual results of AAN to differ materially from those discussed in the forward-looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on AAN. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to successfully complete intended financings, capital and other costs varying significantly from operational and other estimates, changes in the political climate that may materially impact AAN activities, ability to secure permits that maybe required, changes in world precious or industrial metal markets, changes in equity markets, uncertainties relating to the availability and costs of financing needed in the future, equipment failure, unexpected geological conditions, imprecision in resource estimates, success of future development initiatives, competition, operating performance of facilities, environmental and safety risks, delays in obtaining or failure to obtain necessary permits and approvals from government authorities, and other development and operating risks. A forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, AAN disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although AAN believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein. This property requires considerable further evaluation, which AAN’s management and consultants intend to carry out in due course. Rick Cavaney, MSc., V.P. Exploration of Aton, is a qualified person for the purposes of NI 43-101 and has reviewed the technical disclosure in this presentation. 2
Why Aton? Focused on making Africa’s next major gold discovery • Location: Arabian- Nubian Shield, 200km north of Centamin’s Sukari gold mine, in an area of excellent infrastructure • History: mining activity dates back to the Bronze Age, very little modern exploration • District scale potential: Abu Marawat Concession (“AMC”) is over 738km 2 in size and contains a 40km long gold trend with several known deposits, historic mines and a number of exploration targets and different mineralization styles • Exploration underway: regional exploration during 2017 has advanced a number of the regional exploration targets to drill readiness In-country expertise • Operating in Egypt since 2007, CEO is Cairo-based and VP Exploration is former Exploration Manager of Centamin’s Sukari gold mine Strong Board of Directors and Advisors • Have raised billions for junior/mid-tier resource companies and put several mines into production 3
Aton’s Team Management team Mark Campbell, President, CEO and Director Based in Cairo, Mark has more than 35 years of experience, including 15 years in Egypt, in the petroleum, investment banking and mining industries. Former consultant to Pharaoh Gold Mines, a subsidiary of Centamin Egypt Ltd. Justin Blanchett, C.A., C.P.A., CFO More than 10 years of experience in the mining industry as a CFO, consultant and controller. Christina Boddy, Corporate Secretary Has acted as a corporate secretary for a number mineral exploration companies, including Levon Resources Ltd. and Nevada Sunrise Gold Corporation. Exploration team Rick Cavaney, MSc, P. Geo, V.P. Exploration More than 45 years of experience in exploration geology. One of the original Exploration Managers at Centamin’s Sukari gold mine . Javier Orduña, MSc, MCSM, Exploration Manager Javier has more than 20 years of experience as an exploration and mine/development geologist, and prior to Aton, has worked in Saudi Arabia, Somaliland, Central Asia, Cuba, and West Africa amongst other locations, and started his career in gold exploration with Western Mining Corporation in Australia. Tim Neall, BSc, C. Eng, MIMMM, Senior Exploration Geologist Tim has over 35 years experience as an exploration geologist and mining engineer. Tim recently worked on a gold project in Colombia with Canada-based Red Eagle Mining, where he was the senior geologist, and worked on the project from grassroots exploration through to the first gold pour. Egyptian team Magdi Buckla, Financial Controller More than 30 years of accounting experience with oil and gas and oilfield services companies, including Key Energy Services, Conoco and Repsol. Magdy Sayed, Deputy Financial Controller Over 35 years of experience in Oil and Gas sector. Prior to joining Aton, Magdy worked for the Egyptian General Petroleum Corporation (E.G.P.C) as an assistant to the deputy executive officer overseeing IOC’s and Joint Venture Companies. Mohamed Abdel Rahman, Government Relations Manager Mohamed is a 37-year veteran of the Egyptian Geological Survey and Mining Authority (EGSMA) and its successor the Egyptian Mineral Resources 4 Authority ( EMRA). In that time he has headed the Concession Agreements, Foreign JV’s and Technical Services Departments.
Board of Directors and Advisors Board of Directors Mark Campbell, President, CEO and Director Based in Cairo, Mark has more than 35 years of experience, including 15 years in Egypt, in the petroleum, investment banking and mining industries. Former consultant to Pharaoh Gold Mines, a subsidiary of Centamin Egypt Ltd. Bill Koutsouras, C.A., CFA, Chairman Former Chief Financial Officer of Endeavour Financial. Involved in more than $4 billion of financing for exploration and development companies. Giles Baynham, ARSM, Director Current CEO of Du Solo Fertilizer. Held positions with Rio Tinto, Industrial Bank of Japan/ Mizuho, NM Rothschild & Sons, and Endeavour Financial. David Laing, ARSM, Director Current COO of Luna Gold. Previously the COO of True Gold Mining Inc., sold to Endeavour Mining for $300 million. Also ex-Endeavour Financial. Anthony Clements, Director Anthony Clements is a former investment banker with Fox Davies Capital Limited, a London-based firm specializing in mining and oil & gas corporations. Tonno Vahk, Director Tonno Vahk is a former derivatives and financial engineering specialist with over 20 years of experience in the financial markets. Since 2012 Mr. Vahk has been managing private equity investments in Eastern Europe, the Middle East and Africa, with a focus on mining and real estate. Advisors R. Stuart “Tookie” Angus, LLB, Advisor Former Chairman of Nevsun Resources and K92. Former Director of First Quantum, Canico Resources, Bema Gold and Ventana Gold. Ian Stalker, Advisor Former CEO of K92 Mining. Previous positions include CEO of UraMin Inc, and Vice President of Goldfields. Tom Maher, MBA, Advisor President and COO of Apex International. Previously, the Region Vice President and General Manager, Apache Egypt Companies. James Leahy, Advisor A Director of Bacanora Minerals, London-based Mr. Leahy has over 30 years experience in the mining industry as a specialist broker . 5
Egyptian Natural Resources Natural resources are an important part of Mineral exploration and mining Egypt’s economy: • Petroleum and gas extraction account for 11% of Egypt’s GDP • Mining only accounts for 1.2% • Both operate under the Ministry of Petroleum and share the same legal protection Economic reform in Egypt: � August, 2016: Introduced a 13% VAT Oil & gas � November, 2016: Allowed currency to float – was pegged at £8.80 to US$1.00, now approx. £18 to US$1.00 � November, 2016: Reduced fuel subsidies � November, 2016: US$12 billion IMF loan ? Mining law reform 6
Declaration of Commerciality at Hamama • 20 November 2017 - AAN notified EMRA of its intention to make a declaration of commerciality at the Hamama Project. Only the second company to ever do so • Declaration of commerciality to be supported by a study into the feasibility of developing a mining operation at Hamama, to be delivered to EMRA by 20 May 2018 • Intention is to commence mining operations on the gold oxide cap at Hamama, with a heap leach processing route, by end of 2019 • EMRA will grant AAN a 2 year exploration extension on the exploration licence over the balance of the Abu Marawat Concession, valid until July 2020
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