auxico closes private placement

Montreal, Quebec / February 11, 2019 – Auxico Resources Canada Inc. (CSE: AUAG) is pleased to announce that it has completed a non-brokered private placement of 2,000,000 units (“Units”), issued at a price of $0.20 per Unit, for gross proceeds of $400,000. Each unit consists of one common share (a “Share”) and one-half transferable common share purchase warrant (“Warrant”). Each full Warrant entitles the holder to acquire one additional Share of the Company at a price of $0.40 per Share for two years from the date of issuance.