Aurania Resources Ltd. Announces $6.0 Million Brokered & Non-Brokered Offering

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Gold bars and stock market

Toronto, Ontario (March 15, 2017) – Aurania Resources Ltd. (TSXV: ARU) (“Aurania” or the “Corporation”) is pleased to announce, further to its news release dated March 2, 2017 of its proposed acquisition (the “Transaction”) of EcuaSolidus SA (“ESA”), that it will offer, on a brokered and non-brokered basis, 3,000,000 subscription receipts of the Corporation (the “Subscription Receipts”) by way of a private placement subject to all required regulatory approvals at a price of C$2.00 per Subscription Receipt (the “Issue Price”) for total gross proceeds of C$6,000,000 (collectively, the “Offering”).

Aurania Resources Ltd. Appoints New Director with Discovery Experience in Ecuador

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Richard Spencer

Aurania 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”).

Aurania Resources Ltd. Announces Proposed Acquisition of Ecuador “Lost Cities – Cutucu” Exploration Project

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TORONTO, ONTARIO–(March 2, 2017) – Aurania Resources Ltd. (TSX VENTURE:ARU) (“Aurania” or the “Corporation”) is pleased to announce that it has entered into a definitive purchase and sale agreement (the “Agreement”) to acquire EcuaSolidus S.A. (“ESA”), a company incorporated under the laws of the Republic of Ecuador, from Dr. Keith Barron (the “Vendor”), the President and CEO of Aurania (the “Transaction”).