Aeonian Resources arranges $2-million private placement

Mr. Andy Randell reports AEONIAN RESOURCES ANNOUNCES PRIVATE PLACEMENT Aeonian Resources Corp. intends to complete a non-brokered private placement financing of up to 30 million flow-through (FT) units at a price of five cents per share and up to 12.5 million non-flow-through (NFT) units at a price of four cents per unit for gross proceeds of up to $2-million. The terms of this private placement are subject to TSX Venture Exchange approval. Each NFT unit shall consist of one common share in the authorized share structure of the company and one common share purchase warrant. Each NFT warrant will entitle the holder thereof to purchase one common share at an exercise price of seven cents for a period of 24 months from the date of issuance. Each FT unit shall consist of one common share in the authorized share structure of the company and one-half of one common share purchase warrant. Each NFT warrant will entitle the holder thereof to purchase one common share at an exercise price of seven cents for a period of 24 months from the date of issuance. The FT shares are intended to qualify as flow-through shares within the meaning of the Income Tax Act (Canada). The gross proceeds from the sale of the FT shares will be used to incur Canadian exploration expenses that are intended to qualify as flow-through mining expenditures as those terms are defined in the tax act, which the company intends to renounce to the purchasers of the FT shares. Completion of the offering is subject to customary conditions, including regulatory approvals. Finders' fees may be paid in connection with the offering. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day from the closing date. The proceeds from the FT offering will be used to advance the company's exploration activities and continue unlocking value at the Koocanusa property in British Columbia. The company intends to use the proceeds from the NFT offering for general working capital. About Aeonian Resources Ltd. Aeonian Resources is a Canadian mineral exploration company focused on advancing sediment-hosted copper and critical mineral projects in British Columbia. With a strong commitment to environmental responsibility, indigenous engagement and sound science, Aeonian aims to uncover the next generation of sustainable mineral resources. The scientific and technical information in this news release was reviewed and approved by Kristian Whitehead, PGeo, a qualified person as defined by National Instrument 43-101. Mr. Whitehead is not independent of the company. We seek Safe Harbor.