Aton Resources Inc V.AAN

Egypt

[James100]

Hello all, it is my pleasure to share news from Cairo that hasn't hit the mainstream yet. Please see the photo here  https://cdn.ceo.ca/1dfot8d-Egypt1.jpg+ documenting an announcement out of the Ministry of Petroleum today about reforming the mining regime in Egypt. The Minister of Petroleum, at the direction of the President, gave the green light to Wood Mackenzie to come up with a new mining fiscal regime in Egypt. This would scrap the old production sharing agreements and moving to tax and royalty along with other incentives to attract exploration investment into the country.

Aton CEO Mark Campbell said, "This has never happen before in the 23 years I have been involved with mining in Egypt. It now appears that the government has grasped the fact they have to change to mining landscape here to attract explorers. We are very pleased with this development." 

Find the government press release as attached here https://cdn.ceo.ca/1dfota8-MOP%20Press%20release.docx  And consider the following quote from the release: "The project is being carried out in two phases. The first includes the work of diagnostic studies and the development of a strategic vision that ends in August 2018. The second phase consists of several operational projects based on the results and recommendations of the first phase, which is due to be completed by the end of next year."

What an exciting time for Aton with pending economic study of Hamama, recent sale of royalty to Sandstorm, and extensive drilling and exploration program at the Abu Marawat Concession. Find out more on Aton's website www.atonresources.com and watch as this important story continues to develop.