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ARU.V ·

Aurania’S Lost Cities – Cutucu Project Covered IN Bloomberg Businessweek News Article

Corporate Updates

TSX-V: ARU

NR 2017-16

AURANIA’S LOST CITIES – CUTUCU PROJECT COVERED IN

BLOOMBERG BUSINESSWEEK NEWS ARTICLE

Toronto, Ontario, December 20, 2017 – Aurania Resources Ltd. (TSXV: ARU) (“Aurania” or the

“Company”) reports that coverage was given to the Company in an article by Bloomberg Businessweek,

a division of Bloomberg L.P. (“Bloomberg”). The article follows a four -day visit by a Bloomberg news

reporter to the Lost Cities – Cutucu Project area. The reporter spent this time with Aurania’s exploration

crews and management in the field. The field visit was entirely funded by Bloomberg.

The article is available at https://www.bloomberg.com/news/features/2017-12-20/he-struck-it-rich-in-

ecuador-now-he-s-looking-for-the-lost-cities-of-gold. This article contains forward looking information.

Please see “Forward-Looking Statements” below.

About Aurania

Aurania is a junior exploration mining company engaged in the identification, evaluation, acquisition and

exploration of mineral pr operty interests, with a focus on precious metals and copper. Its flagship asset,

The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the

Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedar.com, as

well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at https://twitter.com/auranialtd,

and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Dr. Richard Spencer

President

Aurania Resources Ltd.

(416) 367-3200

[email protected]

Donna McLean

Chief Financial Officer

Aurania Resources Ltd.

(416) 417-8349

[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 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

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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 forward -looking information.

Forward looking information in this news release includes, but is not limited to, Aurania’s comp any’s

objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation’s

portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral

resources, exploration and mine devel opment 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 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, undu e 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.