Aurania Appoints Corporate Secretary and Provides Highlights from Year End Financial Statements
TSX-V: ARU
NR 2025-10
AURANIA APPOINTS CORPORATE SECRETARY AND PROVIDES HIGHLIGHTS FROM
YEAR END FINANCIAL STATEMENTS
Toronto, Ontario, April 25, 2025 – Aurania Resources Ltd. (TSXV: ARU; OTCQB: AUIAF;
Frankfurt: 20Q) (“Aurania” or the “Company”) is pleased to announce the appointment of Ms. Carolyn
Muir as Corporate Secretary of the Company, in addition to her role as Vice President, Corporate
Development & Investor Relations . The Company also reports that its Financial Statements and
Management’s Discussion and Analysis for the year ended December 31, 202 4, are available under
Aurania’s public filings on SEDAR + at www.sedarplus.com and on the Company’s website. Highlights
are described below.
Highlights from Management’s Discussion and Analysis
During the fourth quarter of 2024, the Company advanced drill target definition at its Kuri-Yawi gold target
through detailed geophysical surveys and geological mapping. Preliminary results show a large vertical
conductive corridor aligned with thallium-rich chalcedony veins, sinters and hydrothermal alterations, key
indicators of epithermal systems. Two main chargeability structures were identified, interpreted as potential
mineralized zones. Ongoing data integration will guide preparations for a future drill campaign.
The Anaconda mapping program at the Awacha porphyry copper target area was completed during 2024.
Initial geological reconnaissance has confirmed an area of interest through the observation of porphyric
intrusive showing potassic and sericite alteration with the presence of quartz veins with chalcopyrite traces.
Next steps will consist of an interpretation of all the data collected with the realization of thematic maps to
define the most prospective area of interest.
During 2024, Aurania’s CSR activities supported clean water access, education, and women’s
entrepreneurship across the communities in its areas of influence in Ecuador, including the launch of a
micro-business program, school and library construction, and community-based training initiatives.
The Swiss challenge and public consultation phases associated with the application for a 51 km² exploration
permit—located immediately adjacent to the South Armorican Shear (cisaillement sud -armoricain) in the
Brittany Peninsula of northwestern France —have now been completed, and the Company continues to
advance through the progress of the application.
The Company signed non -binding memoranda of understanding with the Communes of Ogliastro and
Nonza in Cap Corse, Northern Corsica, France, for the exploitation of heavy mineral beach placers that are
highly enriched in nickel (Ni) and other metals. The nic kel-bearing mineral in the black magnetic sand is
awaruite, a naturally occurring nickel-iron alloy, which is both of high specific gravity (dense) and of high
magnetic susceptibility (magnetic).
AuroVallis, the wholly owned Swiss subsidiary of Aurania, completed the liquidation process initiated
several years on June 30, 2024, with no impact on the Company's consolidated financial figures.
On September 23, 2024, Palamina Corp. ("Palamina"), completed the acquisition of 100% of the shares of
Aurania’s Peruvian subsidiary in exchange of 350,000 common shares of Palamina Corp. (TSXV: PA,
OTCQB: PLMNF) and a 1% Net Smelter Return (“NSR”) royalty over certain mining claims located in
Peru and held by the Company’s subsidiary. Palamina has the option to buy back half of the NSR for
$1,000,000 at any time.
During 2024, the Company completed two non- brokered private placements totaling $5,429,481 in gross
proceeds, with units priced at $0.20 and $0.45, each including one common share and one warrant. Proceeds
were used to advance exploration activities and working capital. To preserve cash and improve the balance
sheet, the Company settled $3,812,781 in debt owed to Dr. Keith Barron through the issuance of common
shares. Additionally, the Company received a $1,000,000 unsecured loan from Dr. Barron to support
ongoing operations.
The Company reached an agreement with the corresponding Ecuadorian authorities for the payment of the
annual concession fees of its 42 mineral exploration concessions in Ecuador for the year 2024. Subsequent
to year end, the Company filed all the appropria te documentation for the renewal of its 42 mineral
exploration concessions in Ecuador for the year 2025 and filed a request to enter into a new agreement for
payment of the associated annual concession fees. Its property in Ecuador remains in good standing while
an agreement is being finalized.
Subsequent to year end, on April 3, 2025, the Company announced its intention to complete a non-brokered
private placement financing of up to 5,000,000 units of the Company at a price of $0.30 per unit for total
gross proceeds of up to $1,500,000. On April 17, 2025, the Company announced the closure of the first
tranche. An aggregate of 3,182,899 units were sold under the first tranche for total gross proceeds of
$954,870. Each unit consisting of one common share of the Company and one common share purchase
warrant, the warrant having and exercise price of $0.55 per common share and an expiry date of two years
after closing of the first tranche. Dr. Keith Barron subscribed for 1,000,000 Units of this offering.
Option Grant
On April 24, 2025, Ms. Carolyn Muir was granted 130,000 stock options exercisable at C$0.27 each in
connection with her appointment as Corporate Secretary and her existing roles as VP Corporate
Development and Investor Relations of the Corporation. The options have a 5-year expiry term and shall
vest one-third immediately, one-third one year from the date of grant, and one-third vesting two years after
the date of grant.
Qualified Person
The technical information contained in this news release has been verified and approved by Jean -Paul
Pallier, MSc. Mr. Pallier is a designated EurGeol by the European Federation of Geologists and is a
Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects
of the Canadian Securities Administrators.
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.sedarplus.ca, 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 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 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 differ 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: commodity prices,
supply chain disruptions, restrictions on labour and workplace attendance and local and international travel;
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 failure to comply
with environmental regulations; a weakening of market and industry reliance on precious metals and base
metals; and those risks set out in the Company’s public documents filed on SEDAR+. Aurania cautions the
reader that the above list of risk factors is not exhaustive. Although the Company believes that the
assumptions and factors used in preparing the forward -looking information in this news release ar e
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. The Company disclaims any inten tion 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.