Mr. Lenic Rodriguez reports

AURCANA AMENDS PRIVATE PLACEMENT TERMS

Aurcana Corp. has amended the terms of its marketed underwritten private placement as previously announced on April 28, 2014.

Aurcana has engaged Dundee Securities Ltd. to act as a sole underwriter in connection with a marketed underwritten private placement of up to eight million units of the company at a reduced purchase price of 55 cents per unit for reduced gross proceeds to the company of up to $4.4-million.

Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase an additional common share of the company at a reduced exercise price of 80 cents per warrant share for a period of 36 months from the closing of the offering.

In addition, Aurcana will grant to the underwriter an option to purchase up to an additional 1.2 million units (for additional gross proceed of $660,000) exercisable at the purchase price at any time in whole or in part up to 48 hours prior to the closing date. If this option is exercised in full, the gross proceeds to Aurcana will be $5.06-million.

In consideration for the services provided by the underwriter to the company under the offering, the company will pay to the underwriter a commission of 6 per cent of the gross proceeds raised under the offering, including any units sold under the overallotment option payable by the issuance of units. In addition, the company will issue to the underwriter a compensation warrant which entitles the underwriter to purchase such number of common shares of the company as is equal to 6 per cent of the number of units sold under the offering, including any units sold under the overallotment option, exercisable at the purchase price for a period of 24 months from the closing.

The net proceeds from the offering will be used for the acquisition of mining equipment at the La Negra mine, exploration drilling at the La Negra property and for general working capital purposes.

Completion of the offering is scheduled for on or about June 24, 2014, subject to the receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange. All securities issued in connection with the offering will be subject to a hold period under applicable securities laws expiring four months and one day following issuance of the securities.

We seek Safe Harbor.