Booth 6 Sprott Investment Conference July 17-20, 2018 Forward - PowerPoint PPT Presentation

Booth 6 Sprott Investment Conference July 17-20, 2018

Forward Looking Statements This present at ion cont ains forward-looking informat ion t hat involves subst ant ial known and unknown risks and uncert aint ies, most of which are beyond t he cont rol of Aurania. Forward-looking st at ement s include est imat es and st at ement s t hat describe Aurania’ s fut ure plans, obj ect ives or goals, including words t o t he effect t hat Aurania or it s management expect s a st at ed condit ion or result t o occur. Forward-looking st at ement s may be ident ified by such t erms as “ believes” , “ ant icipat es” , “ expect s” , “ est imat es” , “ may” , “ could” , “ would” , “ will” , or “ plan” . S ince forward- looking st at ement s are based on assumpt ions and address fut ure event s and condit ions, by t heir very nat ure t hey involve inherent risks and uncert aint ies. Alt hough t hese st at ement s are based on informat ion current ly available t o Aurania, Aurania provides no assurance t hat act ual result s will meet management ’ s expect at ions. Risks, uncert aint ies and ot her fact ors involved wit h forward-looking informat ion could cause act ual event s, result s, performance, prospect s and opport unit ies t o differ mat erially from t hose expressed or implied by such forward-looking informat ion. Forward-looking informat ion in t his present at ion includes, but is not limit ed t o, Aurania’ s company’ s obj ect ives, goals or fut ure plans, st at ement s, explorat ion result s, pot ent ial mineralizat ion, t he company’ s port folio, t reasury, management t eam and enhanced capit al market s profile, t he est imat ion of mineral resources, explorat ion and mine development plans, t iming of t he commencement of operat ions and est imat es of market condit ions. Fact ors t hat could cause act ual result s t o differ mat erially from such forward-looking informat ion include, but are not limit ed t o, failure or inabilit y t o complet e t he Transact ion on t he t erms as proposed, failure t o obt ain t he required approvals of t he Aurania’ s shareholders and regulat ors, failure t o ident ify mineral resources, failure t o convert est imat ed mineral resources t o reserves, t he inabilit y t o complet e a feasibilit y st udy which recommends a product ion decision, t he preliminary nat ure of met allurgical t est result s, delays in obt aining or failures t o obt ain required government al, regulat ory, environment al or ot her proj ect approvals, polit ical risks, inabilit y t o fulfill t he dut y t o accommodat e t he indigenous communit ies, uncert aint ies relat ing t o t he availabilit y and cost s of financing needed in t he fut ure, changes in equit y market s, inflat ion, changes in exchange rat es, fluct uat ions in commodit y prices, delays in t he development of proj ect s, capit al and operat ing cost s varying significant ly from est imat es and t he ot her risks involved in t he mineral explorat ion and development indust ry, and those risks set out in Aurania’ s public document s filed on S EDAR. Although Aurania believes t hat t he assumpt ions and fact ors used in preparing t he forward-looking informat ion in t his present at ion are reasonable, undue reliance should not be placed on such informat ion, which only applies as of t he dat e of t his present at ion, and no assurance can be given t hat such event s will occur in t he disclosed t ime frames or at all. Aurania disclaims any int ent ion or obligat ion t o updat e or revise any forward-looking informat ion, whet her as a result of new informat ion, fut ure event s or ot herwise, ot her t han as required by law. The t echnical informat ion cont ained in t his present at ion has been verified and approved by Aurania's Chief Geologist , Jean-Paul Pallier, a designat ed EurGeol by t he European Federat ion of Geologist s and "Qualified Person" for t he purpose of Nat ional Inst rument 43-101, S t andards of Disclosure for Mineral Proj ect s of t he Canadian S ecurit ies Administ rat ors. 2018-07-18 TSX-V:ARU OTCQB: AUIAF Frankfurt: 20Q 2

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Lost Spanish Gold Mine Rediscovered in 1981 4 TSX-V:ARU OTCQB: AUIAF Frankfurt: 20Q

Historic Timeline: The Lost Cities 2018-07-18 TSX-V:ARU OTCQB: AUIAF Frankfurt: 20Q 5

Barbarini Collection Original 1628 Document from the Apostolic Library, Vatican describes Logroño as being the richest gold mine in the S panish Empire. 6 TSX-V:ARU OTCQB: AUIAF Frankfurt: 20Q

Location of Sevilla & Logroño 1584 Map LOGROÑO IS CONSIDERED IN CONTEMPORARY WRITINGS AS THE RICHEST GOLD MINE IN THE SPANISH EMPIRE 7 TSX-V:ARU OTCQB: AUIAF Frankfurt: 20Q

Historic Area Today Staking of Concession Area 1584 Map 2018 Satellite Image Amazon Flatlands Amazon Flatlands 8 TSX-V:ARU OTCQB: AUIAF Frankfurt: 20Q

The Lost Cities – Cutucu Project: Unexplored, On-trend of Prolific Mineral Belt • Stream sediment sampling completed over of 2,080km 2 concession area; 15% • Airborne geophysics completed over whole concession area & environs RECON 17 % Chapiza & COMPLETE S ant iago Format ions 2018-07-18 TSX-V:ARU OTCQB: AUIAF Frankfurt: 20Q 9

Management’s Discovery History in the Contiguous Mineral Belt Of the NI43-101 resources defined in the contiguous mineral belt, management was involved in the discovery of: • 18Moz of the belt’s 26Moz of gold • 23Blbs of its 30Blbs of copper Copper Gold 23% 31% 69% 77% Moz due t o Management Others Blbs due to Management Others 2018-07-18 TSX-V:ARU OTCQB: AUIAF Frankfurt: 20Q 10

Ecuador: An Exploration Hotspot 6/4 1 ECUADOR 2 3 2 2 9 8 7/4 5/9 5 8 2018-07-18 TSX-V:ARU OTCQB: AUIAF Frankfurt: 20Q 11

Exploration – Multiple Targets Identified • 7 epithermal targets for gold: • 6 in Latorre District; • Charip 50km from Latorre • Awacha porphyry cluster – 13 possible copper targets 2km Crunchy Hill 2018-07-18 TSX-V:ARU OTCQB: AUIAF Frankfurt: 20Q 12

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Sinters & Epithermal Gold Champagne Pool, New Zealand Yellowstone National Park Rarely do gold & silver precipitate from geysers Geysers, hot springs and associated silica & hot springs at surface terraces usually are barren in gold & silver, but have high arsenic, mercury & antimony Orange arsenic-antimony – rich sludge contains: • 540g/ t gold • 750g/ t silver S immons & Brown, 2000, Econ. Geol. 14 TSX-V:ARU OTCQB: AUIAF Frankfurt: 20Q

Latorre District – Sinter Vectors Reed stem casts Pseudocolumnar geyserite Geyser pearls 5cm “ Geyser pearls” – silica Wet land area: S t ems encrust ed with accumulat es around nuclei in silica precipitat ing from cooling up-flow areas of st eaming pools wat er & t hen t he plant mat t er decays t o leave a silica t ube Temperature (° C) Fluid flow channels (fissures) are main sites of precious metal deposition Schematic sinter from Hamilton et al., 2017. Miner Deposita 52: 181-196 15 TSX-V:ARU OTCQB: AUIAF Frankfurt: 20Q

Latorre District – Sinter Vectors 16 TSX-V:ARU OTCQB: AUIAF Frankfurt: 20Q

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Unravelling the Latorre District Arsenic distribution Area of in streams enriched Key Exploration Latorre volatile A Indicators of Latorre: elements • Volatile elements Crunchy Latorre Hill East • S inters Latorre West • Pull-apart basins Latorre C • Diatreme breccias Y awi • Linked by a geophysical feature 24 TSX-V:ARU OTCQB: AUIAF Frankfurt: 20Q

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Gold Exploration Concept Barren, white clay caused by steam-heating Land surface at the Geysers time of mineralization Position of water table at the time S inter terrace of mineralization Arsenic, Antimony, Mercury Arsenic, Antimony Gold, Veins Chalcedonic silica layer Silver Preferentially mineralized layer Gold, Silver Illite alteration Disseminated mineralization Illite-smectite alteration Layer could be more permeable than enclosing rocks, allowing Silver, Lead, Zinc fluid ingress, or chemically more reactive 50-100m 50-100m Based on Hedenquist et al., 2000 30 TSX-V:ARU OTCQB: AUIAF Frankfurt: 20Q