Mr. Frederick Kozak reports

AUXICO ANNOUNCES MANAGEMENT UPDATE CALL

Auxico Resources Canada Inc. will host a management update call on Friday, March 24, 2023, at 9 a.m. Eastern Time. During the call, the company's management will provide information on the following: (1) launch of the company's Colombian tin trading operations with joint venture partner Gracor SAS; (2) development of the Brazilian Massangana tin tailings project; (3) continuing monazite sales from the Democratic Republic of the Congo; and (4) review of the recently released financial statements.

Auxico's president and chief executive officer, Frederick Kozak, will discuss company's key initiatives and expectations for 2023, including prospective revenue streams, and will respond to shareholder questions submitted in advance of the scheduled call.

The participants may use the information below to join the call through the Zoom platform, by video conferencing or by dial-in.

Zoom passcode:  507156

By telephone

United States:  1-312-626-6799

Canada:  1-438-809-7799

United Kingdom:  44-203-481-5237

Webinar ID:  865 6985 2228

Passcode:  507156

More international numbers are available.

"Although the first quarter of 2023 saw challenging capital markets and a recent economic shift, management believes the supply and demand dynamics of the critical minerals market remains robust. The strength of the tin and rare earth segments specifically, combined with current global supply constraints, provides an opportunity to accelerate potential high-return strategic growth opportunities through the trading and sales of these commodities from various jurisdictions. The company has made great progress in establishing a multichannel revenue strategy during 2022, and although further project development has been off to a slightly delayed start, and the advancement of its commodity trading operations intermittent, this year aims to prove that the company can create sustainable growth and significant shareholder value," said Mr. Kozak.

If shareholders would like any specific items addressed during the call, they should e-mail questions in advance to: ta@auxicoresources.com to ensure questions are duly communicated.

About Auxico Resources Canada Inc.

Auxico is a Canadian company that was founded in 2014, that is based in Montreal, and that trades on the Canadian Securities Exchange under symbol AUAG and on the OTC Markets under symbol AUXIF. Auxico is engaged in the acquisition, exploration and development of mineral properties in Colombia, Brazil, Mexico and the Democratic Republic of the Congo.

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