Aurania Resources Ltd. Appoints New Director with Discovery Experience in Ecuador

Toronto,  Ontario  –  March  6,  2017  –  Aurania  Resources  Ltd.  (TSXV:  ARU)  (“Aurania”  or  the

Dr. Spencer is a geologist with experience and knowledge that is particularly relevant to Aurania given the  Corporation’s  announcement  last  week  of  the  proposed  acquisition  of  the  Lost  Cities  –  Cutucu Project, located in south eastern Ecuador (the “Lost Cities ‐ Cutucu Project”).

Dr. Spencer lived in Ecuador for 10 years, first leading Gencor Ltd.’s exploration teams that made the grassroots discovery of the San Carlos, Mirador and Panantza porphyries that contain an estimated 24 billion pounds of copper and 3 million ounces of gold.  These deposits lie in the area immediately south, and along trend of the Lost Cities – Cutucu Project.  After leaving Gencor, he joined Iamgold Corp. where his team discovered the Quimsacocha – Loma Larga deposit in Ecuador, containing resources of 3 million ounces of gold and 23 million ounces of silver.  Subsequently, he joined Crystallex International Corp. as VP‐Exploration, working on the Las Cristinas gold deposit in Venezuela, where his team increased gold reserves by 6.6 million ounces.  Richard currently serves as President, CEO and Director of U3O8 Corp., a TSX‐listed  exploration  company  with  resources  of  uranium  and  battery  commodities  in  deposits  in Argentina, Colombia and Guyana.

"We  are  very  pleased  to  welcome  Richard  to  the  Board.    He  brings  a  wealth  of  experience  and knowledge  that  will  add  strength  to  our  Board  as  we  complete  the  acquisition  and  embark  on  the exploration of the Lost Cities – Cutucu Project in Ecuador. Richard also brings hands‐on familiarity with the community and social fabric that is an integral part of any project.” commented Dr. Keith Barron, President & CEO.

Richard  commented,  “I  am  excited  by  the  opportunity  to  contribute  to  the  Board  of  Aurania  as  it initiates exploration in this highly prospective area of Ecuador.  Ecuador holds great potential for the discovery of new world class deposits.”  “Furthermore, I hope that my in‐country experience will allow me to contribute to the Corporate Social Responsibilities that facilitate and nurture mutually beneficial relationships between the Corporation and the communities in which we operate. Both Keith and I have a number of years’ experience successfully operating and creating value in Ecuador and we share the objective  of  building  a  Corporation  that  acknowledges  and  delivers  on  our  responsibilities  to  all stakeholders.”

About Aurania 

Aurania is engaged in the business of acquiring and exploring mineral resource properties. Since 2010, Aurania has been exploring for gold, copper, silver and uranium on its three mineral properties, namely the Mont Chemin, Marécottes and Siviez projects, which cover approximately 99 km² in south‐western Switzerland. The Corporation’s 100% interests in its projects are held by the Corporation’s wholly‐owned subsidiary, AuroVallis Sàrl, through exploration permits granted by the Canton of Valais.

The  Corporation  recently  announced  (news  release:  March  1,  2017)  the  proposed  acquisition  of  the large  2,080  square  kilometre  Lost  Cities  –  Cutucu  Project  that  covers  the  core  of  the  Cordillera  de Cutucu,  a  mountain  range  in  the  foothills  of  the  Andes,  in  Ecuador.  Historic  Spanish  documents recovered  from  the  archives  in  Ecuador,  Spain  and  the  Vatican  provide  evidence  indicating  that  two famous gold mining areas that operated in the 16^th and 17^th Centuries: Sevilla del Oro and Logroño de los  Caballeros, may be located within the Project area.  The Project area is largely unexplored but has some of the same rock formations that host a number of significant deposits along the same trend, namely Lundin  Gold’s  7  million  ounce  (Moz)  Fruta  del  Norte  epithermal  gold,  that  is  currently  under construction,  and  the  2.7Moz  Nambija  skarn  gold  deposits.    The  adjacent  Cordillera  del  Condor  also contains a chain of porphyry deposits that contain significant copper, gold, and silver resources, with mines under construction on two of these porphyry deposits.

Further information on Aurania, its management team and projects, can be found on www.sedar.com and on Aurania’s website at www.aurania.com.

For further information, please contact:

Keith Barron  Donna McLean President and CEO  CFO Aurania Resources Ltd.  Aurania Resources Ltd.

416 367‐3200  416 417‐8349 [email protected]   [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 news release contains forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Aurania. Forward-looking statements include estimates and

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statements that describe Aurania’s future plans, objectives or goals, including words to the effect that Aurania or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Aurania, Aurania provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forwardlooking information. Forward looking information in this news release includes, but is not limited to, Aurania’s company’s objectives, goals or future plans, statements, details of the transaction with ESA, exploration results, potential mineralization, the company’s portfolio, treasury, management team and enhanced capital markets profile, the proposed private placement, the timing of the Transaction, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure or inability to complete the Transaction with ESA on the terms as proposed, failure to obtain the required approvals of the Aurania’s shareholders and regulators, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate First Nations and other indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in Aurania’s public documents filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or 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, other than as required by law.

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