ASTON BAY HODGS LTD ORD - ATBHF STOCK NEWS

Latest assay results confirm high-grade copper intersections at Lightning Ridge and the 2200N Zone, expanding the footprint of near-surface copper mineralization at Storm.

Aston Bay Holdings announces the closing of its private placement, raising approximately C$2.5 million.

Aston Bay Holdings Ltd. announces revised terms of its brokered private placement, offering up to 47,500,000 units at a price of C$0.08 per unit for aggregate gross proceeds of up to C$3.8 million. The units will be comprised of one common share and one common share purchase warrant. The offering is scheduled to close on or about October 5, 2023, subject to necessary approvals.

The discovery of a large sediment-hosted copper system has been confirmed by diamond drilling at the Storm Copper Project. Assay results show intersected copper sulfides with values up to 2.7% Cu, indicating high-grade mineralization potential. The wide-spaced drilling highlights the broad lateral scale of the copper system. A high-grade new near-surface discovery has also been made at the Thunder Prospect. These findings indicate resource expansion and exploration potential, positively affecting stock price.

Spring and Summer geophysical and drilling programs in 2023 have significantly advanced the Storm Project, with multiple copper discoveries and confirmation of effective geophysical methods. Near-surface copper discoveries include 76m of heavily mineralized breccia and 19m of copper sulfide mineralization. Continuity of near-surface copper mineralization confirmed in over 10,000m of drilling. Maiden copper resources anticipated Q4 2023. American West has completed the exploration expenditure requirement to earn an 80% interest in the Storm Project. Assays pending for 29 drill holes.

Aston Bay Holdings announces agreement with Cantor Fitzgerald Canada for private placement offering. Offering price set at C$0.19 per unit, with potential gross proceeds of up to C$5,000,000. Each unit includes one common share and one warrant. Additional units may be issued for gross proceeds of C$2,000,000. Offering scheduled to close on or about September 21, 2023. Proceeds to be used for exploration and development purposes and general corporate purposes. No stock consolidation considered.

Aston Bay Holdings reports new near-surface copper discovery and excellent drill results at Storm Copper Project in Canada

Aston Bay Holdings Ltd. reports a significant new visual copper sulfide mineralization intercept from the fourth diamond drill hole at the Storm Copper Project on Somerset Island, Nunavut, Canada. The drill hole confirmed the presence of copper mineralization and fluid movement within the Southern Graben Fault, providing evidence of a regional-scale copper sulfide system. The drill hole also intersected an 18.5m thick zone of sediment-hosted copper mineralization, extending the prospective copper horizon by 2km to the west. The presence of a large Fixed Loop Electromagnetic (FLEM) conductor south of the drill hole indicates potential for further strong copper mineralization in the area. Assay results are pending and expected within the next two weeks.