Aton Resources First Drill Results from the Current Drill Campaign at Hamama Encountered Excellent Gold

VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 15, 2016) - Aton Resources Inc. (TSX VENTURE:AAN) ("the "Company") is very pleased to report that assay results for the early holes in the current drill campaign encountered excellent gold-silver mineralization. Drilling commenced on the 31st March with diamond drill hole AH-59 which targeted the Gold Oxide Cap north of and down dip from AHA-34 at Hamama West. AHA-34 had intersected 9 meters at 1.3 g/t Au and 70.6 g/t Ag in a previous drill campaign. Drill hole ANA-60 was sited behind AHA-59 to test the down dip extension to the mineralization. A drill hole further north again, AHA-61 was sited to test the mineralization down dip from both holes as shown in the cross section figure 1. Very interesting lithologies were encountered in each hole confirming the mineralization as being in a volcanic associated massive sulphide (VMS) environment. AHA-59 in the oxidized zone returned 5.1 meters at 0.89 g/t Au and 16.44 g/t Ag. Up-hole from the gold-silver mineralization, 3.8 meters of 0.79% Zn was intersected. Drill hole AHA-60 tested the deeper extension to this mineralization and returned 28 meters of 2.23 g/t Au and 42.2 g/t Ag in the sulphide zone. Up-hole from this are two narrower zones. These were 4.45 meters at 0.66 g/t Au with 19.94 g/t Ag; plus 6 meters at 0.65 g/t Au and 15.8 g/t Ag. Once again, zinc mineralization was encountered up-hole from the gold-silver intersections; in AHA-60 it was 23.5 meters of 2.5% Zn. Although there has been secondary migration and enrichment in the oxide environment, stratigraphically these zinc-rich zones are sitting under the mineralized exhalite unit that is carrying the precious metals. This is normal in a VMS situation.

Highlights:

• Drill holes AHA-59, AHA-60 and AHA-61 were drilled on the same section as previously drilled hole AHA-34 (9 meters at 1.3 g/t Au and 70.6 g/t Ag) but down dip from it. AHA-59 in the oxide zone adjacent AHA-34 returned 5.1 meters at 0.89 g/t Au and 16.44 g/t Ag. AHA-60 down dip again but in the sulphide zone returned 28 meters of 2.23 g/t Au and 42.2 g/t Ag showing a marked increase in thickness and grade. Results from hole AHA-61, down dip again, have not been received. See figure 1.
• The higher grade precious metal intersections are enveloped by a lower grade halo of mineralization. Thus, in AHA-60 the 17 meters at 2.9 g/t Au & 51.4 g/t Ag (1 g/t Au cut-off) sits within an intersection of 28 meters at 2.23 g/t Au & 42.2 g/t Ag (0.5 g/t Au cut-off). This in turn is enclosed in 37 meters at 1.8 g/t Au & 35.9 g/t Ag. (0.25 g/t cut-off). The mining cut-off will be calculated later during modeling.
• In both AHA-59 and AHA-60, elevated zinc values were encountered; 3.8 meters of 0.79% Zn in AHA-59 and 23.5 meters of 2.5% Zn in AHA-60. These zones stratigraphically underlie the gold-silver mineralized exhalite.

Mark Campbell, Chief Executive Officer of Aton Resources stated, "These exciting results from Hamama West are confirming the potential of both the near surface Gold-Oxide Cap, and the deeper sulphide mineralization to host a significant resource. Further assay results are expected in the very near future and these should contribute towards the goal of achieving this. We have close to 3,000 square kilometers in two promising concessions that includes a number of old mines that we are re-assessing. Currently the exploration team is preparing to process the last of the samples from stage one of the 3,500-meter drilling program at Hamama West. We are excited to start stage two of the drilling program to carry on filling gaps in the drill pattern over the Gold-Oxide Cap and the deeper primary sulphide targets. We are on track to complete our initial NI 43-101 compliant resource estimate for Hamama West in Q3."

To view "Figure 1: Cross section showing selected intervals for AHA-059 and AHA-060" please visit the following link: http://media3.marketwire.com/docs/1062858Figure1.jpg

Table 1: Au-Ag mineralized intervals for AHA-059 and AHA-060

Hole ID	From (m)	To (m)	Interval (m)	Au (g/t)	Ag (g/t)
AHA-059	34	39.1	5.1	0.89	16.44
AHA-060	40.5	46.5	6	0.65	15.8
AHA-060	63	67.43	4.43	0.66	19.94
AHA-060	71	99	28	2.23	42.2

Table 2: Zn mineralized intervals for AHA-059 and AHA-060

Hole ID	From (m)	To (m)	Interval	Zn (%)
AHA-059	19	22.8	3.8	0.79
AHA-060	6.5	30	23.5	2.5

See the appendix for a full list of assays.

To view "Figure 2. Geological map of western Hamama West showing drill holes AHA-59 & AHA-60" please visit the following link: http://media3.marketwire.com/docs/1062858Figure2.jpg

INFORMATION CONCERNING HAMAMA VMS PROJECT

The Hamama project lies within a belt of mineralization and old mines that extends east north-easterly for 40 km across Aton Resources' Abu Marawat Concession. The Main Horizon at Hamama has a strike length of some 3 km but extensions along the same stratigraphic horizon extend this to about 4 1/2 km. This stratigraphic horizon needs exploration to search for more occurrences. The Hamama mineralized horizon is divided into three main zones; Hamama West, Hamama Central and Hamama East. Mineralization at Hamama outcrops at surface, and at Hamama West is deeply weathered into a soft and friable oxidized blanket called the Gold-Oxide Cap, which extends over 900 m in strike length and has an average vertical depth of 35 m. Apart from the intersections announced herein, drill results in oxide at Hamama West include 37 m at 2.32 g/t Au and 107.1 g/t Ag in AHA-15, 32.6 m at 1.37 g/t Au and 56.4 g/t Ag in AHA-37 and 19 m at 2.46 g/t Au and 157.3 g/t Ag in AHA-46. Preliminary metallurgical (bottle-roll) test results on the Gold-Oxide Cap returned up to 92.2% Au and 65% Ag recovery by cyanide leach from oxide (see January 13, 2015 News Release).

Primary sulphide mineralization at Hamama West returned such intercepts as 48 m at 1.45 g/t Au and 31.8 g/t Ag in AHA-23 and 88 m at 1.11 g/t Au and 118 g/t Ag in AHA-31 (see News Release dates May 12, 2015). The last drill hole from the 2015 drilling program, AHA-58, was entirely mineralized, from surface to 210 m depth, and includes 39 m at 1.64% Zn, 0.25 g/t Au and 25.7 g/t Ag (53 m to 92 m), 12.3 m at 2.49% Zn, 0.29% Cu, 0.26 g/t Au and41.4 g/t Ag (92 m to 104.3 m), 43.5 m at 3.70% Zn, 0.23% Cu, 2.61 g/t Au and 150 g/t Ag(112.5 m to 156 m) and 50.7 m at 0.69 g/t Au and 29.7 g/t Ag (160 m to 210.7 m).

About Aton Resources Inc.:

Aton Resources Inc. (TSX VENTURE:AAN) is exploring potentially economic gold, silver and base metal deposits in the Central Eastern Desert of Egypt with the aim of developing mines. The Company's 100% owned concessions, Abu Marawat and Fatiri, between them cover 2,772 km² of under explored ground. Evidence of gold and copper mining in the concessions dates the many surface workings to pre-historic possibly Old Kingdom through Ptolemaic, Roman and Early Arab times. Three historic gold mines occur within the two concessions: British miners produced gold at Sir Bakis, Semna and Abu Zawal into the 1920s.

Much of the gold vein mineralization in the district is orogenic related, quartz-carbonate type and is associated with major shear-zones. Centamin's Sukari gold mine is located 400 km to the south of Abu Marawat, in the same belt. The Abu Marawat and Fatiri Concessions cover a Proterozoic Pan-African greenstone belt. This is part of the Arabian Nubian Shield that also occurs in Saudi Arabia, Sudan, Eritrea and Ethiopia. Significant VMS deposits in this belt includes Jabel Sayid (Saudi Arabia); Bisha Main and Harena (Eritrea); Hassai, plus Hadal Awatib (Sudan) and Emba Derho, Debarwa plus Adi Nefas (Eritrea). Alexander Nubia's Hamama gold-silver VMS is geologically similar to these VMS deposits. Similar geological settings to the Arabian Nubian Shield include the greenstone belts of the Yilgarn (Western Australia), Abitibi (Quebec) and Birimian (West Africa). The Arabian Nubian Shield is most similar in age to the latter.

The Company's land package, located 350-400 km southeast of Cairo, includes excellent infrastructure. Hamama has direct access to two four-lane highways, a zero-gradient railway bed that runs through Abu Marawat concession to a Red Sea port, multiple high-voltage (capacity 220kV) power lines that cross between the two concessions, a water pipeline and nearby major cities. The latter include Qena, on the Nile 70 km to the west and the Port of Safaga, on the Red Sea, 50 km to the east. The city of Luxor, a two-hour drive from Hamama, has an international airport.

Qualifying Person:

The technical information contained in this News Release was prepared by Roderick Cavaney BSc, MSc (hons), MSc (Mining & Exploration Geology), AusIMM (f), SEG, GSA, SME, Exploration Manager for Aton Resources Inc. Mr. Cavaney is a qualified person (QP) under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

For more information on Aton Resources Inc., visit us at www.atonresources.com.

Cautionary Note Regarding Forward-Looking Statements

The securities of Aton Resources Inc. described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. Some of the statements contained in this release are forward-looking statements, such as estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Since forward-looking statements address future events and conditions; by their very nature they involve inherent risks and uncertainties. Actual results in each case could differ materially from those currently anticipated in such statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

APPENDICES
Appendix 1: Raw Assay Results for AHA-059
From		To		Interval		Au (g/t)		Ag (g/t)		Cu (ppm)		Pb (ppm)		Zn (ppm)
0		1		1		0.009		2.1		764		21		1840
1		2.5		1.5		0.008		4.6		999		25		3930
2.5		3.3		0.8		0.01		2.1		601		53		1375
3.3		4.3		1		0.029		1.9		983		138		2610
4.3		5.3		1		0.033		2.9		1220		66		3340
5.3		6.3		1		0.022		3.8		1110		56		2870
6.3		7.2		0.9		0.017		4		806		32		3590
7.2		8.1		0.9		0.035		5.4		848		1890		3260
8.1		9		0.9		0.017		2.1		683		317		2670
9		10.3		1.3		0.023		1.6		609		77		3990
10.3		11.5		1.2		0.037		1.4		295		23		1085
11.5		12.55		1.05		0.019		1.8		246		134		609
12.55		13.7		1.15		0.012		3.5		440		448		3050
13.7		14.9		1.2		0.008		1		296		150		3020
14.9		16		1.1		0.005		2		574		565		3760
16		17		1		0.019		2.8		459		880		2250
17		18		1		0.041		3.8		317		261		2800
18		19		1		0.149		5.1		387		615		3680
19		20		1		0.059		4.8		273		170		5320
20		21		1		0.008		4.1		271		35		8160
21		22		1		0.054		4.7		78		207		9120
22		22.8		0.8		0.199		3		286		453		6330
22.8		23.9		1.1		0.253		6.6		58		119		2590
23.9		25		1.1		0.464		11.2		87		158		1810
25		26		1		0.467		11.9		93		149		1610
26		27		1		0.254		13.5		123		151		1880
27		28		1		0.089		12.6		185		216		1990
28		29		1		0.282		16		152		427		3790
29		30		1		0.06		4.5		31		74		607
30		31		1		0.243		8.5		67		222		1690
31		32		1		0.293		11.2		75		301		834
32		33		1		0.36		18		140		433		1260
33		34		1		0.333		16.1		95		351		1860
34		35		1		0.975		16.1		235		689		3260
35		36		1		0.561		18.8		122		301		975
36		37		1		0.726		8.2		113		526		962
37		38		1		0.378		16.2		143		233		629
38		39.1		1.1		1.71		22.3		237		526		1295

Appendix 2: Raw Assay Results for AHA-060
From		To		Interval		Au (g/t)		Ag (g/t)		Cu (ppm)		Pb (ppm)		Zn (ppm)
6.5		7.5		1		0.022		1.3		503		120		7710
7.5		8.8		1.3		0.02		3		915		143		8740
8.8		9.8		1		0.037		3.2		1205		253		13050
9.8		10.8		1		0.027		2.1		823		187		10050
10.8		12.1		1.3		0.016		2.8		717		95		8120
12.1		12.4		0.3		0.034		3		2230		666		139500
12.4		13.4		1		0.016		0.7		537		23		28900
13.4		14.4		1		0.0025		0.3		418		10		31300
14.4		15.9		1.5		0.0025		0.5		621		15		33400
15.9		16.6		0.7		0.008		1.1		762		61		62200
16.6		17.4		0.8		0.01		1.5		420		96		93000
17.4		18.55		1.15		0.009		1.9		1420		148		15350
18.55		19.55		1		0.009		2.5		1470		108		10100
19.55		20.55		1		0.016		3.1		3200		1080		21300
20.55		21.55		1		0.009		1.7		1000		1000		14850
21.55		22.6		1.05		0.007		1.2		575		270		13600
22.6		23.6		1		0.052		1		197		134		32000
23.6		24.6		1		0.055		5.7		1440		3620		46700
24.6		25.6		1		0.033		2.3		721		2090		40200
25.6		27		1.4		0.041		1.6		406		142		21200
27		28.1		1.1		0.122		2.1		135		221		1420
28.1		29		0.9		0.06		2.4		574		918		18300
29		30		1		0.067		1.7		141		195		19800
30		30.65		0.65		0.038		1.6		74		130		1670
30.65		32		1.35		0.049		1.9		104		109		369
32		33		1		0.043		3.1		130		126		405
33		34.4		1.4		0.11		4.7		106		96		323
34.4		36		1.6		0.115		4.8		138		168		393
36		37		1		0.055		3.3		62		106		138
37		37.5		0.5		0.047		2.5		35		65		32
37.5		38.6		1.1		0.069		1.3		21		50		61
38.6		39.6		1		0.21		2.9		14		52		37
39.6		40.5		0.9		0.339		7.7		44		67		64
40.5		41.5		1		0.611		12.1		124		126		122
41.5		42.5		1		0.596		12		112		125		104
42.5		43.5		1		0.6		12.5		73		134		1145
43.5		44.5		1		0.515		16.1		79		147		3610
44.5		45.5		1		0.828		20.7		128		181		713
45.5		46.5		1		0.767		21.4		120		178		1165
46.5		47.5		1		0.406		8.8		51		86		307
47.5		48.5		1		0.19		3.6		23		52		207
48.5		49.5		1		0.214		4.9		28		60		256
49.5		50.22		0.72		0.14		3.2		18		32		117
50.22		51.22		1		0.651		18.7		50		73		132
51.22		52		0.78		0.141		7.4		12		59		57
52		53		1		0.245		3.3		17		38		42
53		54		1		0.133		3.1		18		36		194
54		55		1		0.154		10.2		25		43		85
55		56		1		0.125		7.4		20		49		239
56		57		1		0.181		6		17		42		155
57		58		1		0.115		4.6		16		33		67
58		59.02		1.02		0.097		2.3		16		27		41
59.02		60		0.98		0.152		4.9		27		34		34
60		61		1		0.121		2.6		24		33		41
61		61.9		0.9		0.164		2.5		25		34		42
61.9		63		1.1		0.439		12.2		44		72		44
63		63.6		0.6		0.831		23		89		150		95
63.6		64.6		1		0.736		18.8		88		127		116
64.6		65.6		1		0.706		25		130		207		354
65.6		66.43		0.83		0.568		22.2		138		196		156
66.43		67.43		1		0.533		12.3		48		85		48
67.43		68		0.57		0.405		9.9		48		153		67
68		69		1		0.388		12.2		88		245		176
69		70		1		0.406		13.7		94		191		579
70		71		1		0.461		15.8		100		134		341
71		72		1		0.672		19.3		110		208		428
72		73		1		0.588		17.7		103		189		336
73		74		1		0.608		19.9		119		200		293
74		75		1		1.155		28.7		92		149		223
75		76		1		1.24		38.1		138		138		196
76		77		1		1.025		26.9		103		171		321
77		78		1		0.848		47.9		162		340		539
78		79		1		19.8		164		2590		13600		116000
79		80		1		6.65		83.8		1735		6240		37300
80		81.08		1.08		2.35		56.1		496		1950		9370
81.08		82		0.92		3.06		72.9		903		3130		27100
82		83		1		1.505		49.8		223		1175		4110
83		84		1		1.475		55.1		318		1585		4100
84		85		1		1.565		53.5		385		2190		7110
85		86		1		1.355		48.2		269		1545		4200
86		87		1		0.789		38.1		154		501		901
87		88		1		1.475		30		172		628		1165
88		89		1		1.1		21.9		144		552		1130
89		89.5		0.5		0.26		5.9		53		241		589
89.5		90		0.5		1.28		29.5		276		1235		2690
90		91		1		1.305		26.1		383		1740		5200
91		92		1		1.2		23.1		319		1300		4990
92		93		1		1.105		34.1		320		1115		3420
93		94		1		1.71		44		529		1835		3980
94		95		1		2.35		56.2		714		2320		4030
95		96		1		0.671		17.5		185		1455		2670
96		97		1		0.713		14		196		783		1560
97		98		1		2.45		37.3		421		1460		2040
98		99		1		2.93		41.1		452		1020		1455
99		100		1		0.015		2.4		65		78		328