AURA Silver Announces Stock Option Grant

P 905.403.8010

PO Box 279

Manotick ON K4M 1A3

Press Release #17-04 TSX-V: AUU April 24, 2017

AURA SILVER ANNOUNCES STOCK OPTION GRANT

Aura Silver Resources Inc. (TSX-V: AUU) (“Aura Silver” or the “Company”) announces that it has granted stock

options for a total of 5,300,000 common shares of the Company to officers, directors and consultants of the

Company. These stock options are exercisable at CDN $0.07 per stock option and will expire on April 23, 2022.

These stock options vest over an eighteen month period following the grant date and are governed by the terms

and conditions of the Company’s stock option plan.

Following this stock option grant, the Company has a total of 9,450,000 stock options outstandi ng representing

approximately 7.4% of the outstanding common shares of the Company. This stock option grant is subject to

acceptance by the TSX Venture Exchange.

About Aura Silver

Aura Silver is a TSX Venture listed company engaged in the acquisition, exploration and development of precious

metal prospects in Canada (100% owned Greyhound project under option to Agnico Eagle ) and in Oaxaca,

Mexico (100% owned Taviche project). Aura Silver has 128,116,558 common shares outstanding.

For further information regarding this press release contact: Robert Boaz, President and CEO at (905) 403-

8010 or by e-mail at [email protected]. Aura Silver’s website is located at www.aurasilver.com.

FORWARD-LOOKING STATEMENTS:

This press release may contain forward looking statements that are made as of the date hereof and are based on current

expectations, forecasts and assumptions which involve risks and uncertainties associated with our business including the

uncertainty as to whether further exploration will result in t he target(s) being delineated as a mineral resource, capital

expenditures, operating costs, mineral resources, recovery rates, grades and prices, estimated goals, expansion and growth

of the business and operations, the private placement financing activiti es of the Company, plans and references to the

Company’s future successes with its business and the economic environment in which the business operates. All such

statements are made pursuant to the ‘safe harbour’ provisions of, and are intended to be forw ard-looking statements under,

applicable Canadian securities legislation. Any statements contained herein that are statements of historical facts may be

deemed to be forward -looking statements. By their nature, forward -looking statements require us to ma ke assumptions and

are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our

forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current

expectations. Please refer to the risks set forth in the Company’s most recent annual MD&A and the Company’s continuous

disclosure documents that can be found on SEDAR at www.sedar.com. Aura Silver does not intend, and disclaims any

obligation, except as required by law, to update or revise any forward -looking statements whether as a result of new

information, future events or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the poli cies of the TSX

Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.