2022-07-05 | TSXV: ARU | Press release

Toronto, Ontario–(Newsfile Corp. – July 5, 2022) – Aurora Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (“Aurania” or the “Company”) announces the appointment of Mr. Thomas Ullrich to the Board of Directors. The Company also announces the departure of Mr. Tony Wood, Chief Financial Officer. Tony has agreed to provide transitional support, on a contractual basis, to Aurania’s new CFO to be announced shortly.

Mr. Ullrich has over 30 years of experience in mineral exploration and geosciences. He has been CEO and Director of Aston Bay since 2016. Previously, Mr. Ullrich was Chief Geologist for North America at Antofagasta Minerals plc, investigating the region’s copper potential through in-depth property evaluations and the management of drilling programs in the United States, in Mexico. and Canada. Prior to Antofagasta, he was Principal Geologist for Almaden Minerals, where he managed the drilling program for the team’s discovery of the Ixtaca Ag-Au deposit in Mexico. Dr. Ullrich also established the Ar-Ar Geochronology Laboratory at the University of British Columbia and studied the Candelaria Cu-Au mine in Chile at Queen’s University. Mr. Ullrich is also a member of the Technical Advisory Board of American West Metals Limited.

Aurania Chairman, President and Chief Executive Officer, Dr. Keith Barron, said, “We are delighted to have Tom join our Board of Directors as an Independent Director. He brings extensive technical experience to our company as well as significant leadership level experience with majors and juniors. in the metal and mining industry. We welcome his addition to our board.

I would also like to express my gratitude to Tony Wood for his dedication and contributions to the Society over the past three years, in particular his shrewd financial stewardship over more than two years of the COVID-19 pandemic. We wish Tony much success in his future endeavours.”

Concurrent with the aforementioned appointment and pursuant to the Company’s stock option plan, the Board of Directors granted a total of 1,415,000 stock options to directors, officers, employees and consultants . The stock options have an exercise price of C$0.84, are exercisable for five years and vest in three equal annual installments from the date of grant. The independent directors have agreed to receive all of their attendance fees in the form of stock options in lieu of cash for the six-month period beginning July 1, 2022 and ending December 21, 2022.

About Aurania

Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral land interests, with an emphasis on precious metals and copper in South America. Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes Mountains in southeastern Ecuador.

Information about Aurania and technical reports are available at www.aurania.com and www.sedar.comas well as on Facebook at https://www.facebook.com/auranialtd/Twitter at https://twitter.com/auranialtdand LinkedIn on https://www.linkedin.com/company/aurania-resources-ltd-.

For more information, please contact:

Caroline Muir

VP Investor Relations

Aurora Resources Ltd.

(416) 367-3200

[email protected]

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements

This press release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond Aurania’s control. Forward-looking statements include estimates and statements that describe Aurania’s future plans, objectives or goals, including words that indicate that Aurania or its management expects a stated condition or result to occur. Forward-looking statements can be identified by words such as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will” or “plans”. Because forward-looking statements are based on assumptions and address future events and conditions, they, by their very nature, involve inherent risks and uncertainties. Although these statements are based on information currently available to Aurania, Aurania does not guarantee that actual results will meet management’s expectations. The risks, uncertainties and other factors involved in forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information contained in this press release includes, but is not limited to, Aurania’s objectives, goals or future plans, statements, exploration results, potential mineralization, company portfolio, treasury, management team and enhanced capital markets profile, mineral resource estimate, exploration, timing of commencement of operations and market condition estimates. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, the inability to identify mineral resources, the inability to convert estimated mineral resources to reserves, the inability to complete a feasibility study that recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or inability to obtain governmental, regulatory, environmental or other approvals required for projects, political risks, inability to meet the obligation to accommodate Indigenous peoples, uncertainties related to the availability and costs of necessary financing in the future, changes in stock markets, inflation, changes in interest rates exchange rates, commodity price fluctuations, project development delays, capital costs and operations vary significantly from estimates and other risks associated with the exploration and mining industry, the effects of COVID-19 on the Company’s business including, but not including limit, the effects of COVID-19 on commodity prices, capital market conditions, restrictions on labor and international travel and supply chains, and the risks set forth in the documents public disclosures of Aurania filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the forward-looking information contained in this press release are reasonable, undue reliance should not be placed on such information, which speaks only as of the date of this press release, and no assurance can be given that such events will occur within the time disclosed or not at all. Aurania disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

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