WPG.V · 2018-02-05 12:00:00

Aura Silver Reports Complete Significant Grab Sample Assay Results Taken Over Past Four Years on Greyhound Project, NU Up to 103 Grams Au per Tonne

Drill Results Exploration Programs Sampling & Geoscience Results

Aura Silver Reports Complete Significant Grab Sample

Assay Results Taken Over Past Four Years on Greyhound

Project, NU

Up to 103 Grams Au per Tonne

Manotick, Ontario--(Newsfile Corp. - February 5, 2018) - Aura Silver Resources Inc. (TSXV: AUU) ("Aura Silver" or the

"Company") is pleased to report that grab sample assays for 2017 have been completed for the Greyhound property located in

Nunavut, Canada. This project has been optioned to and operated by Agnico Eagle Mines Limited ("Agnico Eagle") since 2014.

The following sections discuss the prospecting results from 2017 field work as well as the more significant surface results

sampled by Agnico Eagle since the inception of the option agreement on June 1, 2014.

North

est Aura Lake Overview

The 2017 rock sampling program, as shown on map 1, was conducted on a small area to the northwest of Aura Lake and

confirmed the presence of the gold anomaly found in previous prospecting campaigns. Samples taken in this area have returned

anomalous Au values with one sample returning 2.1 ppm Au and two samples returning 0.55 ppm and 0.59 ppm Au respectively.

An iron formation has been mapped in the area which has been affected by the presence of a major fold hinge and faulting. This

is highly encouraging for the program going forward. This northwest zone deserves more work during 2018 such as, detailed

mapping and an Induced Polarization geophysical survey, followed by drilling if warranted.

Map 1

Grab Samples Northwest of Aura Lake

Cannot view this image of

Map 1:

Grab Samples Northwest of Aura Lake?

Please visit [

http://orders.newsfilecorp.com/files/5717/32559_a1517763629945_19.jpg

] to view this image

Greyhound

istoric

esults 2014 to 2017

Quartz veins/breccias and silicified zones have been mapped across the property and are associated with ankerite veinlets

within altered zones. The reported mineralization is open laterally at surface and close to the Meadowbank road. There is a

potential for good grade and near surface tonnage because of the continuous and wide mineralized envelopes identified.

Tables 1, 2 and 3 show all samples assaying better than 3 grams per tonne Au (being equivalent to 3.0 ppm Au) (

2.9 ppm Au to

103.04 ppm Au)

, 300 g

per tonne

(up to 852 ppm

d better than 1% Cu/Zn

(up to 9.26% Cu and 18.48%

Zn)

all of which have been interpreted as anomalous. Many grab samples with substantial gold values and multi-element till

anomalies associated with different geophysical patterns, are showing great potential for regional discovery. We are also

encouraged that there is a continuity of major structures on the property.

Map 2 displays historic sample locations with Au values

as well as the claim boundary on a topographic base.

Map 2

Historic Grab Samples Aura Lake

To view an enhanced version of

Map 2: Historic Grab Samples Aura Lake, please visit:

[

http://orders.newsfilecorp.com/files/5717/32559_a1517763630116_93.jpg

]

Aura Silver's

Program E

xpectations for 2018

In the Aura Lake area, a thorough compilation and modeling with both recent and historical holes (Aura Silver holes) will be done

during the winter months by the Greyhound team. This will provide for a better comprehension of the known mineralization in this

area and to vector in on future drill hole locations. Agnico Eagle has suggested that further drilling and surface sampling will be

carried out in the spring in order to extend or discover further polymetallic quartz veins found during earlier campaigns with a

focus on near-surface and wider intercepts. A budget with more detailed reporting on planned activity is expected to be released

to Aura Silver before March, 2018.

Untested geophysical anomalies and till anomalies will be tested by prospecting then followed up

with ground based geophysics

and drilling in the vicinity of known mineralized grab samples. It has been discussed by the operator that the geophysical survey

along the east shore of Aura Lake should be extended northwards. Final acceptance of the application for a mining lease related

to the core Greyhound claims is anticipated by mid-2018.

Mr. Robert Boaz states,

able

illustrate

that the Greyhound project hosts s

ubstantive

potential for discovery of a

gold/silver deposit

given the extraordinary number of

significant

mineralized showings on the property.

ach prospecting

campaign

conducted

over the years

has

returned with further exciting samples of precious metal mineralization. We

look

forward to another season of prospecting and drilling by our field manager. It is interesting to note

that successful mines in

Nunavut

achieved commercial production at an estimated grade of

approximately

3.0

grams gold/tonne. Aura Silver

considers any surface discovery on

the

property as highly

prospective

at a grade of over 3 grams/tonne.

Table 1: Greyhound Significant Gold and Base Metals Values

Sample No

UTM East

UTM North

Gold

Silver

Copper

Zinc

East

North

ppm

ID-19339

344598

7174599

103.04

32.7

G0583302

628212

7168937

0.2

CAEXD279595

627947

7168818

15.55

59.1

0.113

0.166

CAEXG107293

632498

7174397

15.34

CAEXG106551

629545

7171351

14.61

CAEXD279594

628053

7169258

14.25

23.8

0.057

0.031

CAEXG107105

631120

7173534

13.55

5.1

0.016

0.0005

GD-53

630664

7173144

11.9

GD-51

630660

7173140

10.6

14.3

CAEXG107283

828066

7169337

9.84

CAEXD279591

628049

7169340

8.66

21.4

0.066

0.038

G0583340

626671

7167998

7.62

8.51

0.059

CAEXD279577

630500

7172087

7.51

20.4

0.78

0.024

ID-31195

342217

7173975

6.46

60.02

CAEXD279597

627715

7167935

5.63

46.3

0.013

0.005

ID-31200

344597

7174599

5.04

CAEXD279611

628309

7169007

4.81

12.6

0.024

0.11

CAEXD279593

628064

7169263

4.25

19.2

0.134

0.046

CAEXG106665

630499

7171967

4.24

CAEXD279680

627167

7168538

4.16

1.9

0.005

0M-9

630915

7174190

4.6

15.9

0.036

CAEXG107110

632199

717475

4.05

2.8

0.028

0.0001

CAEXD279735

625804

7173979

3.77

65.3

0.004

0.137

CAEXG107334

632199

7174183

3.49

S-4

339855

7175886

3.36

0.09

1.9

CAEXG107173

628069

7169335

3.09

5.1

0.014

0.055

0M-15

630921

7174196

3.3

178

CAEXG107309

625826

7173309

3.32

G0583301

628305

7169014

3.2

6.91

CAEXD232977

628398

7171919

2.95

0.167

0.225

CAEXG106586

631315

7173059

2.9

Table 2: Significant Silver Values (≥ 300 grams/t)

Sample No

UTM East

UTM North

Gold

Silver

Copper

Zinc

East

North

ppm

AMB-126455

627281

7170204

0.122

852.9

0.58

3.12

AMB-126456

627281

7170200

0.89

742.6

0.53

0.39

Table 3: Significant Copper ± Zinc Values (≥ 1%)

Sample No

UTM

Gold

Silver

Copper

Zinc

East

North

ppm

AMB-126458

628391

7172241

0.36

166

9.26

18.48

CAEXD111493

630599

7173638

0.099

1.8

1.61

0.005

CAEXD111494

630619

7173677

0.142

4.8

1.45

0.003

CAEXD111472

630577

7173649

0.08

13.6

1.31

0.007

CAEXD279516

630432

7173010

0.29

8.6

1.31

0.035

CAEXD279512

630459

7173132

0.498

14.1

1.14

0.063

CAEXD279604

630515

7171782

2.78

29.4

1.13

0.114

CAEXG107347

632435

7174640

0.21

0.911

0.19

CAEXG107028

630704

7172785

0.16

17.5

0.296

2.6

Mr. Patrick Toth, B.Sc., P.Geo. is a qualified person as defined by NI 43-101 and has reviewed and approved the technical

contents of this press release regarding the Greyhound project.

About Aura Silver

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

metal prospects in Canada (44.2% interest in the Greyhound project) and in Oaxaca, Mexico (100% owned East Taviche

project). A joint venture partner is being sought to continue drilling of a silver zone previously located on the East Taviche

concession.

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 web site 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 the 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 activities 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 forward-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 make 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 policies of the TSX

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

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