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ARU.V ·

Aurania Shareholders Approve All Resolutions at Annual Meeting

Shareholder Meetings

TSX-V: ARU

NR 2018-24

AURANIA SHAREHOLDERS APPROVE ALL RESOLUTIONS AT ANNUAL MEETING

Toronto, Ontario, June 14, 2018 – Aurania Resources Ltd. (TSXV: ARU; OTCQB: AUIAF;

Frankfurt: 20Q) (“Aurania” or the “Company”) is pleased to announce that its shareholders have

approved all resolutions at its Annual and Special M eeting (the “Meeting”) which was held on June 13,

2018, including the appointment of a new director, Mr. Alfred Lenarciak.

At the Meeting, shareholders approved the appointment of auditors, election of directors, the Company’s

incentive stock option plan and restricted share unit plan (the “RSU Plan”), and an amendment to the

Company’s Bye-Laws. Details of these matters are disclosed in the Management Information Circular for

the Meeting which is dated April 30, 2018 and posted on www.sedar.com and on the Company’s website

http://www.aurania.com/investors/annual-general-meeting/

Update on Non-Brokered Private Placement

On June 1, 2018, the Company announced a non-brokere d private placement financing of up to 2,000,000

units (the “Units”) at a price of $2.00 per Un it, for total gross proceeds of up to $4,000,000 (the

“Offering”). Each Unit consists of one common share of the Company (“Common Share”) and one-half

Common Share purchase warrant (“Warrant”). Each whole Warrant entitles the holder to purchase one

Common Share at an exercise price of $3.00 for a period of 18 months following closing of the Offering.

The Offering includes an over-allotment option, allowi ng Aurania to issue up to an additional 500,000

Units for additional gross proceeds of up to $1,000,000.

There has been strong interest in the private pl acement which is reaching capacity, and investors

interested in participating should register thei r interest via the link on the Company’s website

http://www.aurania.com/investors/private-placement/ at their earliest convenience.

The online subscription process is working well, and funds are being successfully received into an escrow

account via credit card – a first for the Company. It is important to note that the Company is making the

placement available to eligible existing sharehol ders, irrespective of whether they are accredited

investors, through the “Existing Shareholder Exemption” that applies in Canada and elsewhere. If the

Offering is over-subscribed, it is possible that a sh areholder’s subscription may not be accepted by the

Company even though it is received.

About Aurania

Aurania is a junior exploration mining company engage d in the identification, evaluation, acquisition and

exploration of mineral property interests, with a fo cus 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.

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

Manager – Corporate & Investor

Services

Aurania Resources Ltd.

(416) 367-3200

[email protected]

Dr. Richard Spencer

President

Aurania Resources Ltd.

(416) 367-3200

[email protected]

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.