Aurum Lake Mining Corporation Announces Grant Of Stock Options

TSX-V: ARL.P

TORONTO, Sept. 27, 2022 - Aurum Lake Mining Corp. (the "Company") announces that it has granted an aggregate of 1,650,000 options to the Company's directors, officers and technical consultants pursuant to the Company's CPC stock option plan (the "Option Plan"), each such option being exercisable into a common share at a price of $0.10 per share on or before September 26, 2032.

The Company is a capital pool company created under Policy 2.4 of the TSX Venture Exchange ("TSXV"). It does not own any assets, other than cash or cash equivalents. The principal business of the Company is to identify and evaluate opportunities for the acquisition of an interest in assets or businesses and, once identified and evaluated, to negotiate an acquisition or participation so as to complete a Qualifying Transaction (as such term is defined in the policies of the TSXV). Any proposed Qualifying Transaction must be approved by the TSXV and, in the case of a non-arm's length Qualifying Transaction, must also receive majority approval of the minority shareholders. Until the completion of a Qualifying Transaction, the Company will not carry on any business other than the identification and evaluation of businesses or assets with a view to completing a proposed Qualifying Transaction.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Aurum Lake Mining Corp.