Auryn to Acquire Eastmain Resources and Spin Out Peruvian Assets
(WorldNews Finland)

July 29, 2020 Combination to Create Fury Gold, a Leading Canadian Gold Developer Vancouver & Toronto, Canada - July 29, 2020 - Auryn Resources Inc. (TSX: AUG, NYSE American: AUG) (`Auryn`) and Eastmain Resources Inc. (TSX: ER) (`Eastmain`) are pleased to announce that they have entered into a definitive agreement (the `Agreement`) pursuant to which Auryn will acquire all of the issued and outstanding shares of Eastmain, immediately following a spin out of Auryn`s Peruvian projects to Auryn shareholders and completion of a concurrent financing (collectively, the `Transaction`). The Transaction will create Fury Gold Mines Limited (`Fury Gold`) and two independent spin-out entities (`SpinCos`)...