Aurania Appoints Mr. Alfred Lenarciak to Advisory Committee
TSX-V: ARU
NR 2018-09
AURANIA APPOINTS MR. ALFRED LENARCIAK TO ADVISORY COMMITTEE
Toronto, Ontario, March 5, 2018 – Aurania Resources Ltd. (TSXV: ARU) (“Aurania” or the
“Company”) announces that it has created an Advisory Committee and is pleased that Mr. Alfred
Lenarciak has joined the Company as a n independent Special Advisor to the B oard of D irectors. The
Company’s intention is to include Mr. Lenarciak on its slate of directors for the forthcoming Annual and
General Meeting scheduled to be held on April 25, 2018. The Company also granted an aggregate of
250,000 stock options to Mr. Lenarciak and members of the management team.
Aurania’s founder and CEO, Dr. Keith Barron commented, “We are delighted to have Alfred back in the
resource industry - to spend some time away from his varied and colourful pursuits that include unearthing
original 16th century manuscripts and, together with his wife, rebuilding her ancestral estate that dates from
11th century, in southern Italy. We are truly honoured to have a member of the Saint Sylvester Order of the
Vatican, and author of 6 published books, serve our shareholders and our Company.”
Mr. Lenarciak has over 25 years experience in the financing and strategic development of resource
companies in North and South America, Africa, Europe and Asia. Mr. Lenarciak started his career as a
civil and mining engineer in 1975. In 1983, he studied finance at the University of Quebec and worked in
investment banking in the junior mining industry until 1990. He was then retained by the Wo rld Bank to
oversee the privatization of the mining industry in Poland. Between 1992 and 2014, Mr. Lenarciak served
on the board of dir ectors of more than a dozen TSX -listed companies including Williams Resources,
Minorca Resources Inc, Dayton Mining, McWatters Mining Inc, Unigold Inc. and Centurion Minerals.
Advisory Committee to the Company’s Board of Directors
Mr. Lenarciak and the Company’s President, Dr. Richard Spencer, have been appointed to serve on an
advisory committee to the Company’s board of directors until August 31, 2018.
Stock Option Grant
Aurania has granted an aggregate total of 250,000 stock options to Mr. Lenarciak and two other members
of its management team. The stock options have a five -year term and a n exercise price of $ 2.89,
corresponding to the closing price of the Company’s stock on the TSX Venture Exchange on March 02,
2018. These options comply with the Company ’s standard option practice with one third of the options
vesting on the date of grant and one third vesting on each of the first and second anniversaries of the date
of grant.
About Aurania
Aurania is a junior exploration mining company engaged in the identification, evaluation, acquisition and
exploration of mineral property 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.
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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
Carolyn Muir
Manager, Investor Services
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.