auxicoresourcescanadainc

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432 TONNES OF RARE EARTH CONCENTRATES ARE EXPORTED BY AUXICO FROM THE DRC.

Toronto, Ontario / September, 2022 - The third and fourth trades by Auxico Resources Canada Inc. (CSE: AUAG) of a total of 432 tonnes of rare earth concentrates (monazite sands) from the Democratic Republic of the Congo ("DRC") were successfully completed, the company reports. Since April of this year, the Company has sold 720 tonnes of monazite, including the most recent trading transactions, with a total provisional value of US$ 3.8 Million. In accordance with the written sales agency contract ("SAA") between Auxico and Central America Nickel ("CAN"), Auxico will keep a commission of 15% of the sales price. The following highlights of the most recent DRC trade operations are provided for your review:

• The third and fourth trades' material was sold for a tentative total of US$ 2.1 Million. A total of US$ 1.1 million has already been paid, and the remaining amount will be paid after the item reaches its destination and the appropriate contractual paperwork have been delivered.

• Initial examination of material samples revealed an average grade of 14.01% neodymium and a composition of about 60% rare earth oxides (TREO). Within the following 10 days, SGS South Africa will evaluate samples of the material, and the findings are anticipated.

• In the upcoming quarter, the company wants to grow exports to 1,000 tonnes per month. This would represent a yearly sale value of almost US$ 72 million at the going rate of US$ 6,000 per tonne, with Auxico keeping a 15% fee.

• Several cooperatives in the DRC's North Kivu province are the source of the rare earth concentrations found in the non-radioactive monazite sands.

"We are extremely pleased to see the latest transactions of rare earth concentrates being finished, which further validates that the rare earth sale activities from the DRC are a sustainable source of revenue for the Company," said Frederick Kozak, CEO and President of Auxico. The project, which is located in monazite sands and is ready for direct shipping without previous concentration, has one of the highest TREO grades of any developing rare earth resource, making Auxico a market leader in the export of rare earths. By the end of 2022, the company hopes to sell 1,000 tonnes of monazite per month, and it works hard to make sure its operations in the DRC are fully traceable and ethically supplied.

In the Colombian region of Vichada, where the Company discovered high-grade concentrates with a total rare earth oxide content over 55%, Auxico has jurisdiction over a total of 1,482 hectares. The Company is working to get the necessary exploitation and environmental licences.

Furthermore, Auxico has a joint venture agreement for the Massangana tin tailings project in the Brazilian province of Rondônia. The Company plans to construct a 2,500 tonne per day processing facility there, which is expected to produce 13,500 tonnes of columbite, 6,000 tonnes of cassiterite, 90,000 tonnes of ilmenite, and 37,500 tonnes each of monazite and cassiterite per year. 300 million US dollars in annual income were expected in a recent economic prediction created by the independent Brazilian company PrimeStar under the Company's direction.

As a Qualified Person (QP) as defined by National Instrument 43-101, Joel Scodnick, P.Geo., an independent consultant to Auxico, reviewed and approved this news release.

Disclaimer: Because the Massangana production forecasts are based on conceptual models, the yearly prediction of tonnes for all of the aforementioned minerals does not meet NI 43-101 standards.

As it relates to Auxico Resources Canada Inc. The Canadian firm Auxico Resources Canada Inc. ("Auxico"), headquartered in Montreal, was established in 2014 and trades on the Canadian Stock Exchange (CSE) under the ticker AUAG. Auxico is involved in the purchase, exploration, and development of mineral properties in the Democratic Republic of the Congo, Colombia, Brazil, Mexico, and Bolivia. On the company's website (www.auxicoresources.com) or on SEDAR (www.sedar.com), under the heading "Auxico Resources Canada Inc.", you may find more information about Auxico.

ON BEHALF OF THE DIRECTORS' BOARD

Charles Kozak Chairman of Auxico Resources Canada Inc. and CEO Mark Billings can be reached at fk@auxicoresources.com. mb@auxicoresources.com Cell: (403) 606-3165; (514) 296-1641

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AUXICO ANNOUNCES A CHANGE IN SENIOR MANAGEMENT

Toronto, Ontario / September, 2022 - Frederick Kozak has been named the new president and chief executive officer of Auxico Resources Canada Inc. (CSE: AUAG) (the "Company" or "Auxico"), effective immediately. The Company also announces the election of Mr. Kozak and Melissa Sanderson to the Auxico Board of Directors.

With a focus on rare earths, Mr. Kozak, P.Eng, MBA, provides a wealth of executive management and global business expertise. He has held a number of leading positions in the financial markets and resource industry. His previous title at Appia Rare Earths & Uranium Corp. was President. In the latter stages of his career, Mr. Kozak worked as a senior executive and board member for both private and public enterprises, including as co-founder of a newly founded, publicly traded, multinational oil and gas exploration company. Prior to that, he worked as a highly regarded equities analyst with Canaccord Genuity and Haywood Securities, respectively. Mr. Kozak is a graduate of the University of Western Ontario and the Faculty of Applied Science at the University of British Columbia (Ivey School of Business).

Pierre Gauthier's prior contributions as Chairman and Chief Executive Officer were essential to the Company's growth over the years, and Auxico would like to thank him for his contributions. As long as he continues to serve as the Company's Chief Executive Officer and Chairman of the joint venture and technology partner Central America Nickel ("CAN"), Mr. Gauthier will continue to support the Company's strategic joint initiatives. He will support Auxico in developing its competitive mineral processing capabilities using CAN's Ultrasound Assisted Extraction technology.

The director of Auxico will continue to be Mr. Gauthier. Mark Billings, the previous president of the company, has been appointed chairman of Auxico with immediate effect. Mr. Billings will continue to be a significant member of the Auxico Board, drawing on his years of operational and executive management experience in the mining and finance industries, to help and direct the Company through several phases of growth, just as he previously guided the Company to become the success it is today.

Melissa Sanderson has been added to the Board of Directors, and the company is happy to announce her appointment. Mrs. Sanderson is a seasoned, vivacious, and forward-thinking executive with 30 years of international experience in mining, business, and government relations. She founded Ethically Sustainable Growth (ESG+), which she founded in the first place. It improves Auxico's position and operational capabilities in the DRC as well as its North American presence because Mrs. Sanderson formerly held key diplomatic positions, including Charge d'Affaires at the US Embassy in Kinshasa, Democratic Republic of the Congo ("DRC"). In Arizona, at the Thunderbird School of Global Management, Mrs. Sanderson teaches in the practise area. At Freeport-McMoRan, she previously held the position of Vice President International.

This management shift is a deliberate step to improve operational management and raise company performance as the company continues to progress its very promising Massangana tin tailings project in Brazil, as well as its Minastyc project in Colombia and rare earth trading business in the DRC. "I am confidence in our management team's capacity to execute on our strategy for all of Auxico's properties," said Mark Billings, chairman of Auxico. Auxico will benefit from Frederick Kozak's added knowledge of the financial markets and insight into the rare earth sector. The Board of Directors is delighted to welcome Mr. Kozak to his new position as the Company's CEO and President. He is a seasoned executive-level mining specialist with a track record of success in the field and the capacity to carry out operational plans, making him the perfect option to further the company's growth and strategic goals. Furthermore, the Company has accomplished a great deal with Melissa Sanderson's appointment to the Board of Directors.

Mrs. Sanderson's negotiation, political, and economic skills will significantly raise the Company's overall operational standard thanks to her enviable reputation and wealth of experience. As Auxico continues to pursue its lofty growth goals, we anticipate gaining from her strategic knowledge and direction.

ON BEHALF OF THE DIRECTORS' BOARD

Charles Kozak Mark Billings, president and chief executive officer of Auxico Resources Canada Inc., can be reached at fk@auxicoresources.com. mb@auxicoresources.com Cell: +1 514 296 1641 Cell: + 1 403 606 3165

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BRAZIL'S MASSANGANA TIN TAILINGS PROJECT: AUXICO SIGNED AN OFFTAKE AGREEMENT FOR TIN CONCENTRATE

Toronto, Ontario / August - Cuex Metal AG ("Cuex") and Auxico Resources Canada Inc. (CSE: AUAG) have signed an offtake agreement for the acquisition of commercial tin concentrates (cassiterite) from the company's Massangana Tin Tailings project in the state of Rondônia, Brazil. The contract calls for the purchase of 3,600 tonnes of commercial tin concentrates annually for a five-year term, for a total of 18,000 tonnes. The material is worth US$330 million at the current London Metal Exchange rates. Shanghai Qunxian Industrial (Group) Co., Ltd., a bulk commodity trading corporation based in China, has a subsidiary in Switzerland called Cuex. .

Auxico plans to construct a 2,500 tonne per day processing facility in Rondônia that will generate 37,500 tonnes of monazite, 90,000 tonnes of zirconium, 13,500 tonnes of columbite, and 6,000 tonnes of cassiterite annually. A recent economic estimate provided for the Company by the independent Brazilian firm PrimeStar predicted annual revenues of $300 million and EBITDA of 198 million dollars. Additional offtake agreements for cassiterite, columbite, zirconium, and rare earths are currently being negotiated by the company. Commercial production is anticipated to begin in the second quarter of 2023.

The German Mineral Resources Agency and Geological Survey of Brazil conducted a study titled "Investigation of tin and tantalum ores from the Rondônia Tin Province, northern Brazil, to develop optimised processing technologies," which focused on the Massangana tailings. The study's estimated weight is 30,000,000 tonnes (non-compliant NI 43-101).

The research can be found at this website: https://www.auxicoresources.com/reports.

According to Pierre Gauthier, Chairman & CEO of Auxico, "We are incredibly happy to announce the signing of the agreement with Cuex, another significant milestone in the development of the Massangana Tin Tailings project." "With a scalable and long-lasting project like Massangana and the Company's cherished partnerships, we hope to establish ourselves as a reliable, long-term supplier of tin, titanium, rare earths, and other essential minerals to international markets. We look forward to informing the markets of new developments as we continue to seek potential strategic collaborations.

Cooperativa Estanifera de Mineradores da Amazônia Legal Ltda. ("CEMAL") and Auxico previously entered into a joint venture arrangement for the manufacture of various concentrates from the Massangana tailings.

The terms of the joint venture agreement and details of the Massangana Tin Tailings Project were previously announced in the news release issued by the Company on June 7, 2022.

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When the monazite concentration from the tailings that CEMAL gave to Auxico was examined by the Coalia Research Institute in Thetford Mines, Quebec, it revealed a total rare earth oxide level of 63.49%. (TREO). Disclosure - The estimated 30,000,000 tonnes of tin tailings are not in compliance with NI 43-101. 63.49% TREO was present in the monazite concentrate supplied. This is not in compliance with NI 43-101 since the QP was not involved in the selection process, making it impossible to independently establish the chain of custody for the sample. The QP and the Company warn the reader about the dependability of the figures and economic projections contained in this press release because the economic forecast created by a Brazilian company is based on prior work that hasn't yet been verified in the field under the supervision of the QP. The results of the economic forecast are only presented as a conceptual model based on prior non-compliant NI 43-101 studies, with the reader being warned that the economic model is not NI 43-101 compliant. This is done to give the reader an idea of what the economic model might resemble based on these prior studies.

As it relates to Auxico Resources Canada Inc. Auxico Resources Canada Inc. ("Auxico") is a Montreal-based Canadian business that was established in 2014. Auxico is involved in the purchase, exploration, and development of mineral properties in the Democratic Republic of the Congo, Colombia, Brazil, Mexico, and Bolivia.