Aurania Announces Option Grant IN Lieu of Director Fees
TSX-V: ARU
NR 2023-08
AURANIA ANNOUNCES OPTION GRANT IN LIEU OF DIRECTOR FEES
Toronto, Ontario, April 12 , 202 3 – Aurania Resources Ltd. (TSXV: ARU ; OTCQB: AUIAF;
Frankfurt: 20Q) (“Aurania” or the “Company”) announces that its directors have agreed to receive their
director fees in the form of stock options in lieu of cash for each quarterly period starting the quarter ended
March 31, 2023, until December 31, 2023.
Each director was granted 13,392 stock options at an exercise price of $0.46 in lieu of their director fees
for Q1 2023. An aggregate of 53,568 stock options were granted. The stock options will be exercisable for
three years and will vest on April 12, 2023. Each quarter, the Company will grant stock options equivalent
in fair value to the director fees forfeited, at an exercise price of one cent above the closing price of Aurania's
shares the day prior to the grant and exercisable at any time for a period of three years following the date
of issuance.
The Company also announces that all concession fees for its mineral properties in Ecuador have been paid,
with such concessions being fully renewed and in good standing.
About Aurania
Aurania is a mineral exploration company engaged in the identification , evaluation, acquisition, and
exploration of mineral property interests, with a focus 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 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:
Carolyn Muir
VP Corporate Development &
Investor Relations
Aurania Resources Ltd.
(416) 367-3200
Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-
V) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains forward -looking information as such term is defined in applicable securities
laws, which relate to future events or future performance and reflect management's current expectations
and assumptions. The forward -looking information includes Aurania’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, timing of the
commencement of operations, the Company’s teams being on track ahead of any drill program, the
commencement of any drill program and estimates of market conditions. Such forward-looking statements
reflect management's current beliefs and are based on assumptions made by and information currently
available to Aurania, including the assumption that, there will be no material adverse change in metal prices,
all necessary consents, licenses, permits and approvals will be obtained, including various local government
licenses and the market. Investors are cautioned that these forward-looking statements are neither promises
nor guarantees and are subject to risks and uncertainties that may cause future results to d iffer materially
from those expected. Risk factors that could cause actual results to differ materially from the results
expressed or implied by the forward-looking information include, among other things, a failure to obtain or
delays in obtaining the required regulatory licenses, permits, approvals and consents, an inability to access
financing as needed, a general economic downturn, a volatile stock price, labour strikes, political unrest,
changes in the mining regulatory regime governing Aurania, a fail ure to comply with environmental
regulations and a weakening of market and industry reliance on precious metals and copper. Aurania
cautions the reader that the above list of risk factors is not exhaustive.