Aurania Resources Ltd. Appoints New Director with Discovery Experience IN Ecuador
AURANIA RESOURCES LTD. APPOINTS NEW DIRECTOR
WITH DISCOVERY EXPERIENCE IN ECUADOR
Toronto, Ontario – March 6, 2017 – Aurania Resources Ltd. (TSXV: ARU) (“Aurania” or the
“Corporation”) is pleased to announce the appointment of Richard Spencer PhD, as a director of the
Corporation, bringing the number of directors to five.
Dr. Spencer is a geologist with experience and knowledge that is particularly relevant to Aurania given
the Corporation’s announcement last week of the proposed acquisition of the Lost Cities – Cutucu
Project, located in south eastern Ecuador (the “Lost Cities ‐ Cutucu Project”).
Dr. Spencer lived in Ecuador for 10 years, first leading Gencor Ltd.’s exploration teams that made the
grassroots discovery of the San Carlos, Mirador and Panantza porphyries that contain an estimated 24
billion pounds of copper and 3 million ounces of gold. These deposits lie in the area immediately south,
and along trend of the Lost Cities – Cutucu Project. After leaving Gencor, he joined Iamgold Corp. where
his team discovered the Quimsacocha – Loma Larga deposit in Ecuador, containing resources of 3 million
ounces of gold and 23 million ounces of silver. Subsequently, he joined Crystallex International Corp. as
VP‐Exploration, working on the Las Cristinas gold deposit in Venezuela, where his team increased gold
reserves by 6.6 million ounces. Richard currently serves as President, CEO and Director of U3O8 Corp., a
TSX‐listed exploration company with resources of uranium and battery commodities in deposits in
Argentina, Colombia and Guyana.
"We are very pleased to welcome Richard to the Board. He brings a wealth of experience and
knowledge that will add strength to our Board as we complete the acquisition and embark on the
exploration of the Lost Cities – Cutucu Project in Ecuador. Richard also brings hands‐on familiarity with
the community and social fabric that is an integral part of any project.” commented Dr. Keith Barron,
President & CEO.
Richard commented, “I am excited by the opportunity to contribute to the Board of Aurania as it
initiates exploration in this highly prospective area of Ecuador. Ecuador holds great potential for the
discovery of new world class deposits.” “Furthermore, I hope that my in‐country experience will allow
me to contribute to the Corporate Social Responsibilities that facilitate and nurture mutually beneficial
relationships between the Corporation and the communities in which we operate. Both Keith and I have
a number of years’ experience successfully operating and creating value in Ecuador and we share the
objective of building a Corporation that acknowledges and delivers on our responsibilities to all
stakeholders.”
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About Aurania
Aurania is engaged in the business of acquiring and exploring mineral resource properties. Since 2010,
Aurania has been exploring for gold, copper, silver and uranium on its three mineral properties, namely
the Mont Chemin, Marécottes and Siviez projects, which cover approximately 99 km2 in south‐western
Switzerland. The Corporation’s 100% interests in its projects are held by the Corporation’s wholly‐owned
subsidiary, AuroVallis Sàrl, through exploration permits granted by the Canton of Valais.
The Corporation recently announced (news release: March 1, 2017) the proposed acquisition of the
large 2,080 square kilometre Lost Cities – Cutucu Project that covers the core of the Cordillera de
Cutucu, a mountain range in the foothills of the Andes, in Ecuador. Historic Spanish documents
recovered from the archives in Ecuador, Spain and the Vatican provide evidence indicating that two
famous gold mining areas that operated in the 16th and 17th Centuries: Sevilla del Oro and Logroño de los
Caballeros, may be located within the Project area. The Project area is largely unexplored but has some
of the same rock formations that host a number of significant deposits along the same trend, namely
Lundin Gold’s 7 million ounce (Moz) Fruta del Norte epithermal gold, that is currently under
construction, and the 2.7Moz Nambija skarn gold deposits. The adjacent Cordillera del Condor also
contains a chain of porphyry deposits that contain significant copper, gold, and silver resources, with
mines under construction on two of these porphyry deposits.
Further information on Aurania, its management team and projects, can be found on www.sedar.com
and on Aurania’s website at www.aurania.com.
The technical information contained in this news release has been verified and approved by Aurania’s
Chief Geologist, Jean‐Paul Pallier, a designated EurGeol by the European Federation of Geologists and
“Qualified Person” for the purpose of National Instrument 43‐101, Standards of Disclosure for Mineral
Projects of the Canadian Securities Administrators.
For further information, please contact:
Keith Barron
President and CEO
Aurania Resources Ltd.
416 367‐3200
Donna McLean
CFO
Aurania Resources Ltd.
416 417‐8349
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 that involves substantial known and unknown risks and
uncertainties, most of which are beyond the control of Aurania. Forward-looking statements include estimates and
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statements that describe Aurania’s future plans, objectives or goals, including wo rds 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”, “estimate s”, “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 actua l 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 materi ally 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
company’s objectives, goals or future pl ans, statements, details of the trans action with ESA, exploration results,
potential mineralization, the company’s portfolio, treasury, management team and enhanced capital markets profile,
the proposed private placement, the timi ng of the Transaction, the estimation of mineral resources, exploration and
mine development plans, 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 or inability to complete the Transaction with ESA on the terms as proposed, failure to obtain the
required approvals of the Aurania’s shareholders and regul ators, failure to identify mineral resources, failure to
convert estimated mineral resources to reserves, the in ability to complete a feasibility study which recommends a
production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain
required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the
duty to accommodate First Nations and other indigenous people s, uncertainties relating to the availability and costs
of financing needed in the future, change s 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, 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 reas onable, 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.