Aurania Resources in accordance with the requirements of the policies of the TSX Venture Exchange, wishes to provide an update on the status of the non-brokered financing by way of a private placement of the Company’s units (each a “Unit”) at $2.00 per Unit for the gross proceeds of up to $4,000,000 subject to the option of the Company to offer an additional 500,000 Units (the “Offering”), initially announced in the Company’s June 1, 2018 news release. As subsequently announced on June 29, 2018, the Company has completed the first tranche of the Offering by placing 2,000,000 Units for the gross proceeds of $4,000,000. Due to a continuing interest, the Company exercised an overallotment option, thereby increasing the maximum size of the Offering to 2,500,000 Units in total.

Aurania is pleased to announce that its shareholders have approved all resolutions at its Annual and Special Meeting (the “Meeting”) which was held on June 13, 2018, including the appointment of a new director, Mr. Alfred Lenarciak.

Aurania is pleased to announce that it intends to complete a non-brokered private placement financing of up to 2,000,000 units (the “Units”) at a price of $2.00 per Unit, for total gross proceeds of up to $4,000,000 (the “Offering”). Each Unit will consist of one common share of the Company (a “Common Share”) and one-half Common Share purchase warrant (a “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.