Aurania Resources Ltd. (TSX VENTURE:ARU) ("Aurania" or the "Corporation") is pleased to announce, further to its news releases dated March 2, 2017 and March 15, 2017, that the Corporation has completed, on a brokered and non-brokered basis, an offering of 3,200,890 subscription receipts of the Corporation (the "Subscription Receipts") by way of a private placement at a price of C$2.00 per Subscription Receipt (the "Issue Price") for total gross proceeds of C$6,401,780. The Corporation issued an aggregate of 1,695,000 Subscription Receipts for gross proceeds of approximately C$3,390,000 pursuant to the brokered offering (the "Brokered Offering") co-led by Maison Placements Canada Inc. together with Red Cloud Klondike Strike Inc. (collectively, the "Agents"), and 1,505,890 Subscription Receipts for gross proceeds of approximately C$3,011,780 pursuant to the Corporation's concurrent non-brokered offering (the "Non-Brokered Offering" and together with the Brokered Offering, the "Offering'). The Offering represents the offering of C$6.0 million as announced and the exercise of the over-allotment option for additional proceeds of C$401,780.

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").