Auric Minerals Corp. Expands Central Mineral Belt Holdings, and Options Portage Uranium Property, NL

Press Release

Vancouver, British Columbia–( May 22, 2025) – Auric Minerals Corp. (CSE: AUMC) (“Auric” or the “Company”), a critical minerals exploration company based in Oakville, Ontario, entered into an option assignment agreement on May 21, 2025 with an arm’s-length party to acquire a 100-per-cent interest in the Portage uranium property, located in Labrador’s prolific Central Mineral Belt (CMB).

The Portage claim block is contiguous with Atha Energy’s (TSXV: SASK) CMB properties to the north and east, and Viridian Metals (CSE: VRDN) Sedna project to the west.

“The Portage uranium property in Labrador’s CMB enhances our strategic land position, providing additional exploration targets for 2025 and beyond,” commented Chris Huggins, CEO. “As Auric advances its land position and exploration potential, we are positioning the Company for a strong exploration start in 2025 with increased opportunities for project advancement.”

The Company is also pleased to announce the appointment of Michel Boivin to its board of directors.

Michel Boivin brings over 25 years of direct mining industry experience to his role as a new board member. A proven leader, Mr. Boivin has held key management positions with industry leaders such as Greenstone Gold Mines, Epiroc, and Atlas Copco, where he drove strategic procurement, contract management, and business development initiatives. His expertise spans health and safety leadership, large-scale project management, and fostering impactful First Nation and Indigenous partnerships, notably at the Hardrock project and Côté Gold project.

Mr. Boivin secured multimillion-dollar portfolios with major mining companies like Agnico Eagle, Vale, and Diavik Diamond Mines, consistently exceeding performance targets. His innovative contributions, such as pioneering procurement processes and implementing advanced technologies like battery electric vehicles and RFID tagging, have strengthened operational efficiency and sustainability.

With a robust professional network and deep market insight, Mr. Boivin is poised to enhance Auric’s strategic growth, operational excellence, and investor confidence. His commitment to safety, sustainability, and community engagement aligns with the Company’s vision, ensuring long-term value creation for all stakeholders.

Chris Huggins further commented, “I am excited to announce the appointment of Michel Boivin. He brings a tremendous depth of experience and success in collaborative and successful partnerships with local and indigenous communities which is integral to our corporate direction and vision. We thank Mr. Zafra for his years of service, commitment and efforts for the Company, and wish him all the best.”

Concurrently with Mr. Boivin’s appointment, Jaime Zafra has stepped down as a director of Auric.

Portage Property Option Details

Pursuant to the option assignment agreement (no finders fees were paid), the Company may earn 100-per-cent interest in the Portage property by:

1. Making a cash payment of $30,000 to Optionor (the “Option Payment”) on the date of the agreement;
2. Incurring an aggregate of $150,000 in Expenditures on the Property as follows:
   1. $20,000 on or before the first anniversary of the Effective Date;
   2. an additional $20,000 on or before the second anniversary of the Effective Date;
   3. an additional $50,000 on or before the third anniversary of the Effective Date;
   4. an additional $60,000 on or before the fourth anniversary of the Effective Date; and
3. Issuing to the Assignor of the option agreement an aggregate of 2 million common shares in the capital of the Company within 10 days of the agreement date, subject to the approval of the Canadian Securities Exchange.

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About the Company

Auric is a mineral exploration company based in Oakville, Ontario and holds options over the Route 500 and Bub uranium properties in Labrador, the Caboose, Manic, Kawip uranium properties in Quebec, and the Goodeye Property in British Columbia, Canada.

For more information:.
Chris Huggins, CEO & Director
Auric Minerals Corp.
(604) 968-4844
chris@greenwood.capital

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