AURA SILVER RESOURCES INC. : http://www.aurasilver.com/ : QwikReport

News

#December 07, 2018
Aura Commences Field Activities and Data Compilation for the Gold Chain Project, Mohave County, Arizona

 Aura Resources Inc. (TSX-V: AUU) ("Aura" or the "Company") is pleased to provide an update on its recently acquired Gold Chain project located in the San Francisco district, Mohave County, western Arizona. The project is about 7 km northeast of Bullhead City and about 120 km southeast of Las Vegas, Nevada (Figure 1). The acquired property consisted of 86 unpatented claims containing numerous exposures comprised of epithermal-style gold mineralization; these are contained within an area of about 10 km2. Limited mining occurred prior to 1940 and several companies explored the area during the 1980's including: Fisher-Watt, Anaconda, Western States, Ivy Minerals and American Copper and Nickel Corp. The gold-bearing rock is characterized by quartz-calcite veinlets or stockwork in silicified, hematized, chloritized and brecciated Tertiary volcanic/intrusive and Pre-Cambrian granitic rocks. Previous exploration has employed a 'detachment' structural model owing to a close spatial relation between gold mineralization and a fault breccia developed at the Tertiary/Pre-Cambrian contact at one of the historical mines. This structure dips at 25 to 50 degrees to the west (see Figure 1).

A large amount of technical data has been compiled and is currently being evaluated prior to the upcoming field program. These historical data reveal several phases of reverse circulation, air track and minor core drilling which have identified broad zones of low-grade gold mineralization, i.e. 0.5 to 1.6 g/t Au. Exploration drilling has focused on three areas, Roadside mine, Black Dyke and Gold Chain (see figure) which contain extensive exposures of mineralized quartz-calcite stockwork and breccia emerging above a broad pediment of Recent gravels. Analysis of Figure 1 suggests that gold mineralization may be focused at the intersection of a regional detachment-type structure with steeper, northeast-trending normal faults and rhyolite dikes. Similar structural intersections have been documented at the Mesquite Gold Mine located about 243 km to the south. Consequently, 14 additional claims have been located to cover new structural projections bringing the total number of claims comprising the Gold Chain project to 100.

Aura's President & CEO, Robert Johansing, shares his initial thoughts following his property visit and preliminary review of the Gold Chain data, "The geologic work conducted in the 1980s identified features consistent with a 'detachment-type' gold deposit similar to other deposits which were successfully explored in the eastern Basin and Range province during that time. Although the historic model may remain applicable, drill hole data suggests a steeper structural component and possibly representing the upper levels of epithermal veins spatially related to numerous rhyolite dikes and plugs in both the footwall and hanging wall of the detachment structure. I suspect that drilling in the 1990's did not sufficiently consider a steeper mineral conduit and many of the holes were terminated prematurely or entirely missed the gold zone. The existing resource, although not NI 43-101 compliant, may be readily expanded by testing the margins at slightly greater depths and different angles".

Aura's immediate goals for the Gold Chain project include mapping and sampling to commence in early 2019, which will be integrated with the historical drill data. Considering that the last exploration here was in 1990, several tools have evolved to provide higher resolution data on the area's prospectivity, including geophysics, geochemistry, alteration studies and advanced deposit modelling. Aura intends to apply most of these methods. Permitting for drilling will also commence in early 2019, with drilling possibly commencing in the Spring of 2019.


About Aura
Aura is a TSX Venture Exchange listed company engaged in the acquisition, exploration and development of precious metal prospects in North America including: in Nunavut, Canada (45.17% interest in the Greyhound project under operation by our partner, Agnico Eagle); in Oaxaca, Mexico (100% owned Taviche project); and, in Arizona, USA (the Gold Chain project subject to option to earn a 100% interest). Aura has 27,490,128 common shares outstanding.

For further information regarding this press release contact: Robert Johansing, President and CEO at (805) 455-4775 or by e-mail at rjohansing@gmail.com. Aura's web site is located at www.aurasilver.com.

FORWARD-LOOKING STATEMENTS:

This press release may contain forward looking statements that are made as of the date hereof and are based on current expectations, forecasts and assumptions which involve risks and uncertainties associated with our business including the uncertainty as to whether further exploration will result in the target(s) being delineated as a mineral resource, capital expenditures, operating costs, mineral resources, recovery rates, grades and prices, estimated goals, expansion and growth of the business and operations, share consolidation, the private placement financing activities of the Company, plans and references to the Company's future successes with its business and the economic environment in which the business operates. All such statements are made pursuant to the 'safe harbour' provisions of, and are intended to be forward-looking statements under, applicable Canadian securities legislation. Any statements contained herein that are statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's most recent annual MD&A and the Company's continuous disclosure documents that can be found on SEDAR at www.sedar.com. Aura does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

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.


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#December 03, 2018
Aura Provides Update On The 2018 Greyhound Exploration Program

 Aura Resources Inc. (TSX-V: AUU) ("Aura" or the "Company") wishes to provide an update on its exploration program on the Greyhound project, a partnership with Agnico Eagle Mines Limited ("Agnico Eagle"). Agnico Eagle, the project operator, has completed extensive surface mapping, induced polarization ("IP") geophysical surveys, geochemical sampling and has recently completed a small drilling program. As outlined in Press Release #18-03 (May, 2018), two target areas, NW Fold Area and South Aura Lake, were selected for additional work (Figure 1), including diamond drilling (DDH).

The target in the Northwest Fold Zone area is a quartz-pyrite vein system associated with axial cleavage to the regional fold, where the cleavage cuts an iron formation and adjacent strata that cap the volcanic sequence (Figures 1 and 2). Iron formation-associated gold is common in many Archean districts, such as Geraldton, Ontario, where gold-enriched sulfides typically replace iron formation and/or partially fill extensional cleavages.

In the Northwest Fold area, 247 grab samples were collected from boulders (122), outcrop (18) and subcrop (107). Seventy-four samples contained >0.03 ppm gold (detection limit), and four contained >0.5ppm. The highest content was 3.9 ppm. In addition to sampling, a 16.1 km IP survey defined numerous sub-parallel chargeable zones, which may define sulfide-bearing areas. Two drill holes have been completed based on the combination of sampling and IP results. DDH GHD18-028 (120m) intersected primarily basalt, with thin (5-10m) beds of felsic and intermediate tuff. No Au contents exceeded 0.05 g/t. DDH GHD18-029 (130m) contained primarily intermediate tuff with several intervals of chloritic schist (possible silicate facies iron formation) and 6m of banded iron formation (66.8-92.1m). A 1.5 m interval of BIF contained anomalous (0.175 g/t Au: 77.4-78.9m) and in adjacent intermediate tuff, 0.68 g/t Au (97.5-99m).

The other target area, South Aura Lake, is just west of the Meadowbank road (Figures 1 and 3). This area contains several gold enriched samples (previously reported) including four that contain >10 g/t Au (3 >27 g/t). Aura completed a soil survey of this area, and this year a 23.5 km IP survey was completed, as well as additional till sampling (results pending), to the east of the previously surveyed area.

All of the grab samples collected prior to 2014 are from subcrop, and consisted of angular slabs that are considered to have undergone minimal transport. Of the 30 samples taken since 2014, four are from outcrop, three from subcrop and the remainder from boulders. Glacial stria and distribution of chrome from an ultramafic unit at the north end of Aura Lake indicate glacial transport from east to west. The soil samples consisted primarily of pulverized rock material, with low to non-existent organic content. All Aura soil and rock samples were analyzed by the ALS Chemex ME-MS61 (4 acid dissolution) method; more recent surface and DDH samples were analyzed by fire assay (FA) -atomic absorption and FA gravimetry.

The rock samples near the southeast corner of Aura Lake contain the most elevated gold content, and occur at the base of a steep hill. They most likely were locally transported from the east. The distinctly anomalous soil samples (>1 g/t) form a linear array extending from the top of the same hill, their presumed source area. Limited exposure along the contact with the footwall intrusion reveals a zone of strong silicification. All of the gold-rich samples are distinctly arsenic enriched. The combination of soil gold, arsenic and lead contents form a distinct indicator assemblage that requires further application to vector to the best targets. The IP chargeability anomalies (Figure 3) will be further examined by field studies and possible drilling next year. These most likely represent zones of enhanced pyrite and arsenopyrite contents, also a characteristic of the gold-bearing samples taken by Aura.

Results of pre-2018 diamond drilling program (2014-2017) were reported in Aura's press release PR#17-07 and have partially traversed these geophysical and geochemical trends. Highlights reported in 2017 include:
  • Hole GHD17-023:
    • 94-97m: 3.3 g/t Au over a core length of 3.0 metres, including 1.8 metres assaying 5.42 g/t Au;
    • 100-109.5 m: 0.2 to 0.45 g/t Au;
    • 138-139.5 m: 1.38 g/t Au; and
    • 179.3 -181 m: 0.993 g/t Au.
      This area is part of a quartz vein system within a large siliceous, pyritic, arsenopyrite-bearing sericite alteration zone.
  • Hole GHD17-026: 1.202 g/t Au over 3.6 metres (62.2-65.8m), including 0.8 metres of 4.92 g/t Au at 63.5 metres.
  • Hole GHD17-027: 0.197 g/t Au from 38.2-41.3 metres and 0.94 g/t Au at 42.1 metres.
The two areas subject to exploration in 2018 represent only a few of the potential target areas in the Greyhound property (Figure 1). Other targets include the iron formation sequence in the SW of part of the area, and several along the margin of the tonalite -trondhjemite intrusion in the northeast part of the claim group.

Aura remains enthusiastic about the potential for discovery of economic gold and base metal resources in the Greyhound area. With its partner, further exploration will be undertaken in 2019.

Dr. James M. Franklin, PhD, FRSC, P. Geo. is a qualified person as defined by NI 43-101 and has reviewed and approved the technical contents of this press release regarding the Greyhound project.

About Aura
Aura is a TSX Venture Exchange listed company engaged in the acquisition, exploration and development of precious metal prospects in North America including: in Nunavut, Canada (45.17% interest in the Greyhound project under operation by our partner, Agnico Eagle); in Oaxaca, Mexico (100% owned Taviche project); and, in Arizona, USA (the Gold Chain project subject to option to earn a 100% interest). Aura has 27,490,128 common shares outstanding.

For further information regarding this press release contact: Robert Johansing, President and CEO at (805) 455-4775 or by e-mail at rjohansing@gmail.com. Aura's web site is located at www.aurasilver.com.


FORWARD-LOOKING STATEMENTS:

This press release may contain forward looking statements that are made as of the date hereof and are based on current expectations, forecasts and assumptions which involve risks and uncertainties associated with our business including the uncertainty as to whether further exploration will result in the target(s) being delineated as a mineral resource, capital expenditures, operating costs, mineral resources, recovery rates, grades and prices, estimated goals, expansion and growth of the business and operations, share consolidation, the private placement financing activities of the Company, plans and references to the Company's future successes with its business and the economic environment in which the business operates. All such statements are made pursuant to the 'safe harbour' provisions of, and are intended to be forward-looking statements under, applicable Canadian securities legislation. Any statements contained herein that are statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's most recent annual MD&A and the Company's continuous disclosure documents that can be found on SEDAR at www.sedar.com. Aura does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

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.
 
#November 29, 2018
Aura Announces Approval of Name Change and Share Consolidation

 Aura Silver Resources (TSX-V:AUU) ("Aura" or the "Company") announces that, at the Special Meeting of shareholders of the Company held on November 15, 2018, Aura's shareholders approved the previously announced name change and consolidation of the issued and outstanding common shares of the Company on the basis of one (1) post-consolidation common share for every five (5) pre-consolidation common shares (the "Consolidation"). The Company's new name will be "Aura Resources Inc.". Significant shareholder support for both the name change and Consolidation was received with approximately 99.4% and 95.5%, respectively, of the shares voted at the Special Meeting in favor of these resolutions.

The Company has received approval of the TSX Venture Exchange ("TSXV") for the name change and Consolidation. The Company's common shares will begin trading under the new name on the TSXV on a post-consolidated basis at market open on Friday, November 30, 2018. The Company will continue to trade under the symbol "AUU" on the TSXV. It is expected that the Consolidation will reduce the number of outstanding common shares from 137,450,558 common shares to approximately 27,490,112 post-consolidation common shares on a non-diluted basis. No fractional shares will be issued with any fraction of a share rounded up to the nearest whole number if 0.5 or greater and down to the nearest whole number if less than 0.5 of a share.

The number outstanding and exercise price of all of the Company's currently outstanding convertible securities, including warrants, compensation options and stock options will also be adjusted to give effect to the Consolidation.

No further action on the part of the shareholders will be required in order for the Board to implement the Consolidation. Letters of transmittal describing the process by which registered shareholders may obtain new certificates representing their consolidated common shares were mailed to registered shareholders with the materials for the Special Meeting. Common Shares held in uncertificated form by non-registered shareholders through brokerage accounts will be converted at the consolidation ratio through each shareholder's brokerage account. Non-registered shareholders should consult with their broker for further information.

About Aura
Aura is a TSX Venture Exchange listed company engaged in the acquisition, exploration and development of precious metal prospects in North America including: in Nunavut, Canada (45.17% interest in the Greyhound project under operation by our partner, Agnico Eagle); in Oaxaca, Mexico (100% owned Taviche project); and, in Arizona, USA (the Gold Chain project subject to option to earn a 100% interest). Aura expects to have approximately 27,490,112 common shares outstanding upon completion of the Consolidation.

For further information regarding this press release contact: Robert Johansing, President and CEO at (805) 455-4775 or by e-mail at . Aura's web site is located at www.aurasilver.com.

FORWARD-LOOKING STATEMENTS:

This press release may contain forward looking statements that are made as of the date hereof and are based on current expectations, forecasts and assumptions which involve risks and uncertainties associated with our business including the uncertainty as to whether further exploration will result in the target(s) being delineated as a mineral resource, capital expenditures, operating costs, mineral resources, recovery rates, grades and prices, estimated goals, expansion and growth of the business and operations, share consolidation, the private placement financing activities of the Company, plans and references to the Company's future successes with its business and the economic environment in which the business operates. All such statements are made pursuant to the 'safe harbour' provisions of, and are intended to be forward-looking statements under, applicable Canadian securities legislation. Any statements contained herein that are statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's most recent annual MD&A and the Company's continuous disclosure documents that can be found on SEDAR at www.sedar.com. Aura does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

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.

 
#October 24, 2018
Aura Announces New Corporate Strategy, Share Consolidation and Name Change

 Aura Silver Resources (TSX-V:AUU) ("Aura" or the "Company") announces that it is in the process of implementing a new corporate strategy which is intended to address both the internal and external challenges to Aura's ability to create value for its shareholders. Aura believes that both of its historical projects, Greyhound in Nunavut, Canada and Taviche in Oaxaca, Mexico are projects of merit. The Greyhound project is being explored by Agnico Eagle via a joint venture which has now been in place for over four years. Agnico Eagle's infrastructure at their Meadowbank mine, located 32 km north of Greyhound, allows for methodical exploration using their in-house knowledge in addition to significant cost advantages that, owing to the short exploration season and logistical challenges of operating in the north, would be difficult for any other company to achieve. A summary of the 2018 exploration program undertaken by Agnico Eagle is expected shortly. Robert Johansing, President and CEO of Aura, stated, "Both Aura and Agnico Eagle remain committed to the Greyhound project and we are pleased that Agnico Eagle continues to invest in this prospective venture. While Aura continues to hold its interest in the Greyhound project the emphasis of our new corporate strategy is to add new projects where Aura will be able to have direct input and control over exploration programs and their advancement".

Aura's Taviche project, in Oaxaca, Mexico, is another solid exploration project. The Company continues to believe that deeper drilling is required and that the currently identified gold and silver mineralization is a distal manifestation of a larger, primary target. Over the past several years, Aura has dedicated significant financial resources to maintain its land position and corporate status in Mexico but has not been able to advance the exploration program required at Taviche due to funding limitations. Aura is now aggressively pursuing a joint venture partner for the Taviche project to ensure that Aura can benefit from its achievements and investment in past exploration programs at Taviche. Aura anticipates providing an update on joint venture developments when arrangements are finalized.

Upon recently accepting the position of President and CEO of Aura, Robert Johansing stated, "A shift in Aura's direction is necessary. We know that our Greyhound project is in good hands and Taviche needs a partner to take the project to the next level of discovery. Aura's new strategy will focus on adding projects in other jurisdictions where we can maximize the proportion of our investments to be spent on exploration in order to maximize potential value creation for our shareholders".

As a first step in this strategy, on July 30, 2018, Aura announced that it had acquired the Gold Chain project in western Arizona (see PR#18-09). Aura believes this project deserves immediate attention because the prospective structural environment is extensive, the gold horizon is shallow and the logistics are good. A recent review of the historical data has allowed Aura to define the initial targets and the permitting process for drilling will commence shortly. Additionally, Aura is advancing discussions on other new projects with the objective of securing opportunities where the Company can add value to projects with existing exploration potential.

Over the past several years Aura has conducted three small financings each at less than $0.05, effectively to maintain its existence and property holdings. Robert Johansing, President and CEO stated, "At our current share price and with current market conditions we do not believe that continued financing at less than $0.05 will allow us to achieve the objectives of our new corporate strategy. We want to ensure we are in a position to raise sufficient levels of funding at reasonable dilution levels to support robust exploration programs at new projects where there is potential to create value within reasonable timeframes. For these reasons, Aura proposes a consolidation of its outstanding shares but believes this will represent a 're-start' and not a 'start over'. Aura currently has three properties of merit, is active with efforts to acquire additional projects and anticipates being able to provide updates on both existing and potential new projects in the near-term."

The Company proposes to consolidate its issued and outstanding common share capital on the basis of five (5) pre-consolidation shares for one (1) post-consolidation share. Aura currently has 137,450,558 common shares outstanding. Upon completion of the consolidation, the Company is expected to have 27,490,112 issued and outstanding common shares. No fractional shares will be issued with any fraction of a share rounded up to the nearest whole number if 0.5 or greater and down to the nearest whole number if less than 0.5 of a share. In addition, the Company proposes to change its name in connection with the consolidation to "Aura Resources Inc.". The Company's CUSIP and ISIN numbers will also change.

The Company's Board of Directors has determined the share consolidation will assist the Company in obtaining equity financing in order to execute its new corporate strategy as outlined above. The share consolidation and name change are subject to shareholder approval at a special meeting of shareholders to be held on November 15, 2018 in addition to the approval of the TSX Venture Exchange. Shareholders of record on October 9, 2018 are entitled to vote at the special meeting and will receive management's proxy circular and related materials. These materials are also available under the Company's profile at www.sedar.com.

Robert Johansing, M.Sc. Econ. Geol., P. Geo. is a qualified person as defined by NI 43-101 and has reviewed and approved the technical content of this press release.

About Aura
Aura is a TSX Venture listed company engaged in the acquisition, exploration and development of precious metal prospects in North America including: in Nunavut, Canada (45.7% interest in the Greyhound project under operation by our partner, Agnico Eagle); in Oaxaca, Mexico (100% owned Taviche project); and, in Arizona, USA (the Gold Chain project subject to option to earn a 100% interest). Aura has 137,450,558 common shares outstanding.

For further information regarding this press release contact: Robert Johansing, President and CEO at (805) 455-4775 or by e-mail at rjohansing@gmail.com. Aura's web site is located at www.aurasilver.com.

FORWARD-LOOKING STATEMENTS:

This press release may contain forward looking statements that are made as of the date hereof and are based on current expectations, forecasts and assumptions which involve risks and uncertainties associated with our business including the uncertainty as to whether further exploration will result in the target(s) being delineated as a mineral resource, capital expenditures, operating costs, mineral resources, recovery rates, grades and prices, estimated goals, expansion and growth of the business and operations, share consolidation, the private placement financing activities of the Company, plans and references to the Company's future successes with its business and the economic environment in which the business operates. All such statements are made pursuant to the 'safe harbour' provisions of, and are intended to be forward-looking statements under, applicable Canadian securities legislation. Any statements contained herein that are statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's most recent annual MD&A and the Company's continuous disclosure documents that can be found on SEDAR at www.sedar.com. Aura Silver does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

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.


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#July 30, 2018
Aura Announces Option Agreement to Acquire 100% Interest In Gold Chain Project, Mohave County, Arizona

 Aura Silver Resources (TSX-V:AUU) ("Aura" or the "Company") announces that it has entered into a binding letter agreement for an option to acquire a 100% interest in the Gold Chain project located in Mohave County, Arizona, subject to TSX Venture Exchange approval. The project is comprised of 86 Bureau of Land Management lode mining claims in western Arizona where work conducted by prior operators has indicated the property is prospective for gold. Consideration payable to earn a 100% interest in the project is payable in annual installments over a four- year period from inception and total cash of US $1,500,000 and 3,750,000 common shares of the Company (see detail below). Upon TSX Venture Exchange approval, initial payments of US $30,000 and 750,000 common shares are payable.

The Gold Chain project consists of several mineralized exposures over five kilometres, composed of epithermal-style gold mineralization. Some of these exposures were mined on a limited scale prior to 1940 and were explored by several companies during the 1980's. Mineralization occurs along a low-angle unconformity or detachment fault where mid-Tertiary volcanics rest directly on Precambrian rocks. The gold-bearing rock is characterized by quartz-calcite veinlets or stockwork in silicified and hematized volcanics in the hanging wall of the detachment fault. Several analogous deposits have been productive in the region. Historical records reveal that drilling identified oxidized conditions extending to at least 100 metres below the surface, a condition favorable for gold recovery by leaching. Going forward, Aura plans to commence historical data compilation and field studies necessary for the construction of geologic and geochemical models, required for the design of a drill program.

Details with respect to the consideration payable for this acquisition are as follows:

Timing

Cash payments (US dollars)

Common share payments

Upon acceptance

$30,000

750,000

First anniversary

30,000

750,000

Second anniversary

50,000

750,000

Third anniversary

100,000

750,000

Fourth anniversary

1,290,000

750,000

Totals

$1,500,000

3,750,000

The vendors of the property hold a 2% net smelter royalty ("NSR") on gold and silver. The Company has the right to buy down the NSR in increments of 1% by paying the vendors the sum of US $1,000,000 for each 1% of the NSR at any time prior to completion of the first year of commercial production.

This property acquisition remains subject to approval of the TSX Venture Exchange. The securities to be issued as consideration under this option agreement will be subject to a statutory hold period of four months and one day from the date of issuance.

Robert Johansing, M.Sc. Econ. Geol., P. Geo. is a qualified person as defined by NI 43-101 and has reviewed and approved the technical content of this press release.

About Aura Silver
Aura Silver is a TSX Venture listed company engaged in the acquisition, exploration and development of precious metal prospects in Canada (45.7% interest in the Greyhound project under operation by our partner, Agnico Eagle) and in Oaxaca, Mexico (100% owned Taviche project). Aura Silver has 137,450,558 common shares outstanding.

For further information regarding this press release contact: Robert Johansing, President and CEO at (805) 455-4775 or by e-mail at . Aura Silver's web site is located at www.aurasilver.com.

FORWARD-LOOKING STATEMENTS:
This press release may contain forward looking statements that are made as of the date hereof and are based on current expectations, forecasts and assumptions which involve risks and uncertainties associated with our business including the uncertainty as to whether further exploration will result in the target(s) being delineated as a mineral resource, capital expenditures, operating costs, mineral resources, recovery rates, grades and prices, estimated goals, expansion and growth of the business and operations, the private placement financing activities of the Company, plans and references to the Company's future successes with its business and the economic environment in which the business operates. All such statements are made pursuant to the ‘safe harbour' provisions of, and are intended to be forward-looking statements under, applicable Canadian securities legislation. Any statements contained herein that are statements of historical facts may be deemed to be forward-looking statements. By their nature, forward-looking statements require us to make assumptions and are subject to inherent risks and uncertainties. We caution readers of this news release not to place undue reliance on our forward-looking statements as a number of factors could cause actual results or conditions to differ materially from current expectations. Please refer to the risks set forth in the Company's most recent annual MD&A and the Company's continuous disclosure documents that can be found on SEDAR at www.sedar.com. Aura Silver does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

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.

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