Aurania Resources Ltd

TSXV:ARUCanadaView on OTCQB

Toronto, Ontario--(Newsfile Corp. - April 24, 2024) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") announces that, further to its news release of April 17, 2024, it intends to increase the size of the debt settlement arrangement with Dr. Keith Barron, the CEO and a director of the Company, whereby Dr. Barron will convert up to C$2.0 million of the loans plus interest thereon of C$72,165, for an aggregate amount of C$2,072,165 owed to him (the "Debt") by the Company into common shares ("Common Shares") at a price of C$0.20 per Common Share (the "Debt Settlement"). The Debt relates to promissory notes of the Company in respect of loans by Dr. Barron for the purpose of providing cash resources to the Company. The Company has elected to settle the indebtedness through the issuance of Common Shares to preserve cash and strengthen the Company's balance sheet. There are no other changes to the terms of the Debt Settlement, as announced on April 17, 2024.

Toronto, Ontario--(Newsfile Corp. - April 17, 2024) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") announces its 2024 exploration plan at its project in southeastern Ecuador. In conjunction with this, the Company intends to complete a non-brokered private placement financing of up to 20,000,000 units of the Company (the "Units") at a price of C$0.20 per Unit (the "Issue Price") for total gross proceeds to the Company of up to C$4,000,000 (the "Offering").