Avaron Announces Amendment Agreement to Property Purchase

AVARON MINING CORP.

3847 Vance Road Cultus Lake, BC V2R 5A6

PRESS RELEASE

January 8, 2025 TSX-V: AVR

AVARON ANNOUNCES AMENDMENT AGREEMENT TO PROPERTY PURCHASE

VANCOUVER, BC – Avaron Mining Corp. (“Avaron” or the “Company”) announces that it has entered into an amendment agreement (the “Amendment Agreement”) with Copper Co d.o.o. (the “Vendor”) to amend the previously announced purchase agreement between the Vendor and the Company dated January 10, 2023, as amended on June 1, 2024 (the “Purchase Agreement”) setting out the terms of a right to acquire 100% of the interest of the Tolisnica and Stanca Project, located near city of Kraljevo, Republic of Serbia (the “Property”).

Under the terms of the Purchase Agreement, Avaron was required to make a cash payment of $100,000 to Vendor, on the 18-month anniversary of the Effective Date. The parties have agreed to amend the Purchase Agreement to extend this payment period and the right to exercise its Right to Purchase the Property, to the 30-month anniversary of the Effective Date. All other terms of the Purchase Agreement remain unchanged and can be found in the Company’s press release dated January 11, 2023.

On behalf of the Board of Directors of Avaron Mining Corp.

Miloje Vicentijevic, President and Chief Executive Officer

For further information please contact:

Avaron Mining Corp.

Phone: (604) 617-1239 Email: [email protected]

Forward-Looking Statements

Neither the 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 accuracy or adequacy of this release.