Aurania Warrants Expiring December 2019

Toronto, Ontario--(Newsfile Corp. - December 11, 2019) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) ("Aurania" or the "Company") would like to remind warrant holders that there are two sets of warrants priced at C$3.00 per warrant expiring on December 29, 2019.

• Warrants issued pursuant to Aurania's 2017 private placement financing have been extended from an original expiry date of October 19, 2018 (subsequently amended to October 19, 2019) to December 29, 2019; and
• Warrants issued in June 2018 as part of Aurania's 2018 private placement (tranche one) also expire on December 29, 2019.

Each whole warrant is priced at C$3.00 per warrant and can be exercised into one share of Aurania Resources.

Process for exercise of warrants issued in 2017

Warrant holders from Aurania's 2017 private placement should complete the exercise form within the physical warrant certificate received at that time from Capital Transfer Agency and return the completed form to Aurania's Toronto office along with payment, no later than 5:00pm Eastern Standard Time on Monday, December 30, 2019. Warrant holders who cannot locate their original warrant certificate, may complete the one-page subscription form available on Aurania's website to exercise warrants, but will need to reference their warrant certificate number. If you are unsure of this number, please contact the warrant agent, Capital Transfer Agency:

Capital Transfer Agency Inc.
390 Bay Street, Suite 920
Toronto, Ontario M5H 2Y2
Canada
Tel: 1-416-350-5007; email: info@capitaltransferagency.com

Process for exercise of warrants issued in 2018

Warrant holders from Aurania's 2018 private placement were not issued a physical warrant certificate, but instead were issued as a DRS statement of warrants. These holders should complete the one-page subscription form (click here to access the form on Aurania's website) (http://aurania.com/warrants/) to exercise warrants, reference the warrant number on their DRS statement and return this to Aurania's office along with payment no later than 5:00pm Eastern Standard Time on Monday, December 30, 2019.

Payment for both sets of warrants can be made directly to Aurania Resources via bank draft or wire transfer. Aurania's wire instructions can be found on our website click here (http://aurania.com/warrants/).

Once completed forms and payment are received, the corresponding shares will be issued.

With potential delays around the holiday season we strongly advise that, should you wish to exercise your warrants, you send your completed warrant exercise form along with your payment, directly to Aurania Resources as soon as possible.

If you intend to exercise warrants after December 23rd, 2019, please send your completed forms and payment directly to Peterson McVicar LLP or contact the warrant agent, Capital Transfer Agency (details above).

Peterson McVicar LLP
18 King Street E., Suite 902
Toronto, ON M5C 1C4
Tel: 1-416-777-6772; email: dhp@petelaw.com

If you have any questions, please contact Carolyn Muir at Aurania Resources:

Aurania Resources Ltd.
36 Toronto Street, Suite 1050
Toronto, ON M5C 2C5
Tel: 1-416-367-3200 x 2007; email: carolyn.muir@aurania.com
www.aurania.com

About Aurania

Aurania is a junior mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper. 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
Manager - Investor Services
Aurania Resources Ltd.
(416) 367-3200
carolyn.muir@aurania.com

Dr. Richard Spencer
President
Aurania Resources Ltd.
(416) 367-3200
richard.spencer@aurania.com

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/50688