Aurania Confirms Terms of Previously Granted Stock Options
TSX-V: ARU
NR 2024-17
AURANIA CONFIRMS TERMS OF PREVIOUSLY GRANTED STOCK OPTIONS
Toronto, Ontario, July 16, 2024 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF)
(Frankfurt: 20Q) (“Aurania” or the “Company”) announces that further to its news releases dated
March 28, 2024 , and July 2, 2024, the Company wishes to clarify certain terms relating to the grant of
options to directors in lieu of cash fees.
Certain Directors (the “Optionees”) of the Company have agreed to receive their quarterly director fees for
2024 in the form of stock options in lieu of cash. As announced on March 28, 2024, an aggregate of 94,000
stock options at an exercise price of $0.25 were granted to certain Optione es in lieu of their directors fees
for the first financial quarter of 2024, and as announced on July 2, 2024, an aggregate of 54,000 stock
options at an exercise price of $0.46 were granted to certain Optionees in lieu of their director fees for the
second financial quarter of 2024.
All such options will be exercisable for a period of three years from the date of grant and vested immediately
upon grant. In the event an Optionee intends to exercise such Options, such Optionee shall be solely
responsible for paying the entirety of the exercise price.
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 TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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
copper; 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 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. The Company 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.