Dr. Keith Barron reports

AURANIA SECURES NEW EXPLORATION LICENSES IN BRITTANY, FRANCE

Aurania Resources Ltd. has been granted three new exploration licences for polymetallic metals including gold, in the Brittany Peninsula of northwestern France through a wholly owned French subsidiary of the company.

President and chief executive officer Dr. Keith Barron commented: "The French government's decision to grant us these permits is an excellent opportunity for Brittany and the Pays de la Loire to gain a deeper understanding of their subsurface resources and for France to find new sources of metals to secure the country's supplies through exploration to be conducted by company. It also marks a new opportunity for Aurania in a jurisdiction where institutional stability and high-quality infrastructure make exploration safe and more efficient than other areas in the world. The initial mining inventory studies conducted by the French Geological Survey (BRGM) confirmed the presence of gold associated with strategic metals over more than 150 km along the shear zone, and in some cases at exceptional grades. This demonstrates the strength of the hydrothermal activity that occurred in the region."

Aurania announced the filing of an exploration permit named Epona back in 2023 (see press release dated July 24, 2023). Subsequently, in October, 2023, the company submitted two additional applications, Taranis and Belenos, covering areas of 359.5 square kilometres and 440.9 square km, respectively. These areas are located in southern Brittany and northern Pays de la Loire in France.

Since antiquity, Brittany has been an important producer of metals in Europe -- supplying tin and gold to the Roman Empire, then base metals and silver during the Middle Ages, and later tin, antimony and uranium during the Industrial Revolution. Despite this long history, no exploration has been conducted in the region since the 1980s, leaving its significant potential largely unexplored. With more than four decades of advances in exploration technologies, the application of modern exploration techniques potentially positions the Brittany Peninsula as a highly prospective area that can be considered a greenfield district.

The purpose of these permits is to explore the South Armorican shear zone, a major crustal fault where mineralization of antimony, tungsten, tin, zinc and copper -- accompanied by gold -- and other metals have been deposited as indicated by the BRGM.

Potential for polymetallic strategic metals

With geology comparable with the Iberian Peninsula, the Bohemian Massif, Newfoundland and other Variscan terranes, the Armorican massif stands out as a possible candidate to help meet Europe's growing demand for strategic metals in a market environment largely dominated by China. The European Union launched the European Critical Raw Materials Act, a plan that aims to secure 10 per cent of its metal supply from within Europe by 2030. Support for the mining industry was first expressed by the French government in 2022 after receiving the Varin report and was later reinforced through the launch of a new national mineral inventory. The areas selected by Aurania align with this plan, and show strong potential for strategic metals such as antimony, tungsten and tin, as well as zinc and silver, with byproducts of indium.

Potential for gold

An advantage of the Armorican massif is its potential richness in gold associated with the aforementioned metals, which enhances the likelihood of an economic discovery. In this respect, the area can be compared with the district currently being explored by New Found Gold in Newfoundland, Canada, where a similar dispersion of gold is observed along a shear zone within a comparable Cambrian with Ordovician geological environment.

Next steps

Aurania will proceed with stakeholder engagement, including outreach and dialogue with local landowners, while advancing preparations for an airborne geophysical survey and subsequent field activities.

Qualified person

The geological information contained in this news release has been verified and approved by Jean-Paul Pallier, MSc, vice-president, exploration, of the company. Mr. Pallier is a designated EurGeol by the European Federation of Geologists and a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

About Aurania Resources Ltd.

Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and critical energy in Europe.

We seek Safe Harbor.