Exhaust gasket or muffler leaking? I would apply anti-seize to the muffler bolts and torque to spec. Make sure the gasket is good. Remember that is an aluminum block. Don't need to gorilla slam the muffler bolts.
Something under the plastic engine blower housing rubbing on the flywheel? Remove the engine cover temporarily and run the engine for a FEW seconds only. These are air cooled engines that get hot fast. Don't run without the cover.
While you are there, clean all the dirt, oil, grass and bugs off the engine clock cooling fins. This is in the manual and should be done on ALL small engines.
Sometimes those screens with all those small round holes on top of the flywheel can rub where they shouldn't be, get bent. Look for scratches on the plastic outer cover where the round screen rides.
slomo