Aurania Signs New Access Agreement and Provides Update ON Operations
TSX-V: ARU
NR 2022-04
AURANIA SIGNS NEW ACCESS AGREEMENT AND PROVIDES UPDATE ON OPERATIONS
Toronto, Ontario, February 15, 2022 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF)
(Frankfurt: 20Q) (“Aurania” or the “Company”) announces that an important access agreement has
been signed with the community of “Kim” at its Lost Cities -Cutucu project in southeastern Ecuador and
provides an update on operations.
The Company yesterday signed an access agreement with the community of “Kim”, in the southern part of
the block of concessions. This is the first time the Company has been granted access to this important area.
At the community meeting there were a large number of artisanal gold miners. The Kim community is
located near where Metron (see press release dated September 26, 2019) forecasted the potential position
of one of the “Lost Cities”.
Metron Inc. of R eston, Virginia, USA, used Bayesian data analysis to generate probability maps of the
position of “Logroño de los Caballeros”, a gold mining settlement that was founded circa 1562 by the
Spanish conquistadors, and abandoned circa 1605. The location has been lost. Numerous expeditions have
been carried out over the intervening years to relocate it. Metron incorporated historical documents, and
clues from geography and geology into a “search matrix”, and then through statistical algorithms produced
a map with statistical likelihoods the settlement would be in specific areas. Kim will be a focus of work
going forward.
Ms. Carolina Lasso Amaya has replaced the former Head of Corporate Social Responsibility for Aurania.
Ms. Lasso has been the Director of the Step Forward Foundation (Dar el Paso Adelante) in Ecuador for
over two years and has extensive knowledge of the communities in the Cordillera de Cutucu. Her first act
has been to successfully negotiate access to Kim.
Prior to joining the Foundation in 2019, Ms. Lasso worked from 2011 to 2017 for the Ministry of Foreign
Affairs in Colombia, primarily working in the border areas of Amazonia with indigenous groups. During
this period, she also dealt with elements of the FARC, the Colombian P aramilitaries, cocaine growers,
persons recruiting child soldiers and other difficult and potentially dangerous groups. She developed post-
conflict models to integrate communities into the social fabric. During her time with the Foundation, she
has initiated a number of clean water projects, nutritional projects, and the extremely popular “Warastai”
soccer tournament between villages. Such activities are important in gaining and maintaining social license
to operate with Aurania’s stakeholders. Ms. Lasso is an Ecuadorian resident and is fluent in both English
and Spanish.
The number of daily new COVID-19 infected cases in the Province of Morona -Santiago where Aurania’s
Project is located has now dropped in half from a month ago. The Red Alert in Ecuador has not yet been
lifted but there is optimism the pandemic is abating.
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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.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
VP 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.
Forward-Looking Statements
This news release may contain 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 statements that describe Aurania’s future plans, objectives or goals, including words
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”, “estimates”, “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 i nformation currently available to Aurania, Aurania provides no
assurance that actual 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 materially 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 objectives, goals
or future plans, statemen ts, 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 and estimates of mark et conditions. Factors that
could cause actual results to differ materially from such forward -looking information include, but are not
limited to, failure to identify mineral resources, failure to convert estimated mineral resources to reserves,
the inability 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, politic al risks, inability to fulfill the duty to accommodate
indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future,
changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity pr ices, 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, the effects of COVID-19 on the
business of the Company including but not limited to the effects of COVID-19 on the price of commodities,
capital market conditions, restrictions on labour and international travel and supply chains, and those risks
set out in Aurania’s public documents filed on SEDAR. Although Aurania be lieves 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. Aurania
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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.