Ms. Carolyn Muir reports

AURANIA ANNOUNCES INTENTION TO EXTEND WARRANTS

Aurania Resources Ltd. will be applying to the TSX Venture Exchange for approval to extend the expiry date of 1,069,909 outstanding common share purchase warrants that were issued in connection with a private placement conducted on April 20, 2017, as further described in the company's April 20 and May 29, 2017, news releases.

The warrants are exercisable for common shares of the company at an exercise price of $3 per share and presently bear an expiry date of Oct. 19, 2018. The company is proposing to extend the expiry date of the warrants by an additional 12 months to 5 p.m. Toronto, Ont., time on Oct. 19, 2019, subject to an acceleration option. The acceleration option allows the company to accelerate the expiration date to a date which is 30 days following the date on acceleration notice in the event that the average trading price of the common shares exceeds $3 for a period of 20 consecutive trading days.

The proposed extension of the expiration date of the warrants is subject to approval by the TSX Venture Exchange.

About Aurania Resources Ltd.

Aurania is a junior exploration mining 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.

We seek Safe Harbor.