An anonymous director reports

AURA CLOSES THE ROYALTY AGREEMENT AND GOLD-LINKED LOAN AGREEMENT TO FUND THE CONSTRUCTION OF THE BORBOREMA PROJECT

Further to Aura Minerals Inc.'s press release dated Dec. 15, 2023, Borborema Inc., a wholly owned subsidiary and indirect owner of the company's Borborema gold project in Rio Grande do Norte state, Brazil, has closed the agreement with Gold Royalty Corp. and has received cash proceeds of $31-million (U.S.) to develop the Borborema project. The $31-million (U.S.) in proceeds is composed of $21-million (U.S.) from the sale of a net smelter return royalty over the Borborema project and $10-million (U.S.) from a gold-linked loan.

Together with the $100-million (U.S.) term loan previously entered into with Banco Santander Brazil and $14-million (U.S.) raised through gold collars with several financial institutions, Aura, through its subsidiaries, has now secured over $145-million (U.S.) toward the estimated construction of the Borborema project, which, together with cash on hand, is now fully financed. The Borborema project capital expenditure is estimated at $188-million (U.S.).

About Aura Minerals Inc.

Aura is focused on mining in complete terms -- thinking holistically about how its business impacts and benefits every one of its stakeholders: the company, its shareholders, its employees, and the countries and communities it serves. Aura calls this 360-degree mining.

Aura is a mid-tier gold and copper production company focused on the development and operation of gold and base metal projects in the Americas. The company's four producing assets include the San Andres gold mine in Honduras, the EPP and the Almas gold mines in Brazil, and the Aranzazu copper-gold-silver mine in Mexico. In addition, the company has the Tolda Fria gold project in Colombia and four projects in Brazil: Borborema and Matupa, which are in development; and Sao Francisco, which is on care and maintenance. The company also owns the Serra da Estrela copper project in Brazil, Carajas region, under exploration stage.

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