2022-07-26 | TSXV: ARU | Press release

Toronto, Ontario–(Newsfile Corp. – July 26, 2022) – Aurora Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) (“Aurania” or the “Company”) announces the appointment of Mr. Francisco Freyre as Chief Financial Officer (CFO). Mr. Freyre will provide fractional CFO services to Aurania on a contract basis through WD Numeric.

Francisco Freyre is a seasoned strategic finance leader with multi-faceted global business experience in corporate finance, investor relations, manufacturing and digital transformation. He joined WD Numeric in 2021, as a split CFO for companies in various industries such as Oil & Gas, Medical Cannabis, and Tin Mining. He has spent over 23 years in the automotive industry in various positions including IRO, CIO, CFO and CEO. Mr. Freyre was also involved in the financial planning of a Mexican gold and silver mining company eventually acquired by a Canadian company. He has been a Startup Mentor in MassChallenge’s acceleration programs since 2017.

Mr. Freyre holds a master’s degree in finance from Instituto Technológico y de Estudios Superiores de Monterrey, a degree in Private Equity and Ventura Capital from Anahuac University and AMEXCAP, and a bachelor’s degree in business administration from the Universidad Nacional Autónoma de México.

Aurania Chairman and CEO Dr. Keith Barron said, “On behalf of our Board of Directors and our leadership team, I am delighted to welcome Francisco Freyre to Aurania. Mr. Freyre has extensive corporate, financial and market experience, and is fluent in English and Spanish. We look forward to the financial stewardship Francisco will bring to Aurania as we advance our exploration and corporate strategies.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/131836