Aurania Announces the Appointment of CFO

Toronto, Ontario--(Newsfile Corp. - July 26, 2022) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") announces the appointment of Mr. Francisco Freyre as Chief Financial Officer (CFO). Mr. Freyre will be providing Aurania with fractional CFO services on a contractual basis through WD Numeric.

Francisco Freyre is a seasoned strategic finance leader with multi-faceted global business experience in corporate finance, investor relations, manufacturing, and digital transformation. He joined WD Numeric in 2021, serving as Fractional CFO for companies in diverse industries such as oil and gas, medical cannabis, and tin mining. He spent 23+ years in the automotive industry across different positions, including IRO, CIO, CFO and CEO. Mr. Freyre also served in financial planning for a Mexican gold and silver mining company eventually acquired by a Canadian company. He has been a Mentor for startups in acceleration programs by MassChallenge since 2017.

Mr. Freyre holds a Master's Degree in Finance from the Instituto Technológico y de Estudios Superiores de Monterrey, a Diploma in Private Equity and Ventura Capital from the Anahuac University and AMEXCAP and a Bachelor's Degree in Business Administration from the Universidad Nacional Autónoma de México.

Aurania's Chairman, President and CEO, Dr. Keith Barron, commented, "On behalf of our board and management team, I am pleased to welcome Francisco Freyre to Aurania. Mr. Freyre has extensive corporate, financial and market-related experience, and he is fluent in both English and Spanish. We look forward to the financial stewardship Francisco will bring to Aurania as we advance our exploration and corporate strategies."

About Aurania

Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper in South America. Its flagship asset, The Lost Cities - Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedar.com, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir
VP Investor Relations
Aurania Resources Ltd.
(416) 367-3200
carolyn.muir@aurania.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Aurania. Forward-looking statements include estimates and statements that describe Aurania's future plans, objectives or goals, including words to the effect that Aurania or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Aurania, Aurania provides no assurance that actual results will meet management's expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to Aurania's objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation's portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, the effects of COVID-19 on the business of the Company including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restrictions on labour and international travel and supply chains, and those risks set out in Aurania's public documents filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Aurania disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/131836