Aurania Announces the Appointment of Thomas Ullrich to the Board and the Departure of CFO
TSX-V: ARU
NR 2022-15
AURANIA ANNOUNCES THE APPOINTMENT OF THOMAS ULLRICH TO THE BOARD
AND THE DEPARTURE OF CFO
Toronto, Ontario, July 5, 2022 – Aurania Resources Ltd. (TSXV: ARU; OTCQB: AUIAF;
Frankfurt: 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 contract basis, for Aurania’s in-coming CFO
who will be announced shortly.
Mr. Ullrich has over 30 years of experience in mineral exploration and geoscience. He has been the CEO
and director of Aston Bay since 2016. Prior to that, Mr. Ullrich was Chief Geologist North America for
Antofagasta Minerals plc, investigating the re gion’s copper potential through extensive property
evaluations and management of drill programs in the United States, Mexico and Canada. Prior to
Antofagasta, he was Senior Geologist for Almaden Minerals, where he managed the drill program for the
team’s d iscovery of the Ixtaca Ag- Au deposit in Mexico. Mr. Ullrich also established the Ar -Ar
geochronology lab at the University of British Columbia and studied the Candelaria Cu- Au mine, Chile,
while at Queen’s University. Mr. Ullrich is also on the Technical Advisory Board for American West Metals
Limited.
Aurania’s Chairman, President and CEO , Dr. Keith Barron commented, “We are delighted to have T om
join our Board as an independent director . He brings a wealth of technical experience to our C ompany
along with significant executive-level experience with both majors and juniors in the metals 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 Company
during the past three years, specifically, his keen financial stewardship through more than two years of the
COVID-19 pandemic. We wish Tony much success in his future endeavours."
In conjunction with the aforementioned appointment and pursuant to the Company’s Stock Option Plan,
the Board of Directors granted a total of up to 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 instalments from the date of grant. Independent directors have agreed to receive all of
their director fees in the form of stock options in lieu of cash for the six-month period starting July 1, 2022
until December 21, 2022.
About Aurania
Aurania i s 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 Investor Relations
Aurania Resources Ltd.
(416) 367-3200
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 may contain forward-looking information that involves substantial known and unknown
risks and uncertainties, most of which are beyond the control of Aurania. F orward-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
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 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 resourc es,
exploration, 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 requi red governmental, regulatory,
environmental or other project approvals, political risks, inability to fulfill the duty to accommodate
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, the effects of COVID-19 on the
business of the Company including but not limited to the effects of COVID-19 on the price of commodities,
capital market conditions, restrictions on labour and international travel and supply chains, 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.