Mr. Rodrigo Barbosa reports

AURA ANNOUNCES AMENDMENT TO ITS DIVIDEND POLICY AND DECLARES DIVIDEND OF US$0.14 PER SHARE BASED ON EXPECTED H1 2022 RESULTS

Aura Minerals Inc.'s board of directors has approved an amendment to its dividend policy, with the intention of declaring and paying dividends semi-annually.

Under the dividend policy, the company will determine a semi-annual cash dividend in an aggregate amount equal to 20 per cent of its estimated adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) (1) for the relevant six months less sustaining capital expenditures and exploration capital expenditures for the same period.

Dividends are expected to be declared and paid twice a year starting in 2022, based on the results and capital expenditures expected for the applicable six-month period, with a record date on the last month of each such period. As such, any dividend payable under the dividend policy will be declared in June and December of each year. The declaration of dividends under the dividend policy is subject to the discretion of the company's board of directors, having regard to the best interests of the company and the limitations imposed by the solvency tests contained in the company's memorandum of association, articles of association and other requirements of applicable corporate law. Nothing in the dividend policy shall restrict the discretion of the company's board of directors from authorizing sustaining capital expenditures or exploration capital expenditures that the board of directors deems to be in the best interests of the company. These expenditures may limit future amounts of dividends payable under the dividend policy.

In addition to the amendment to the dividend policy, the board has declared and approved the payment of a dividend of 14 U.S. cents per common share (approximately $10-million (U.S.) in total). The dividend is in respect of and is based on Aura Minerals' expected financial results for the six months ending June 30, 2022.

The dividend will be paid on June 28, 2022, to shareholders of record as of the close of business on June 23, 2022. Shareholders of record as of the record date whose address on the books of TSX Trust Company, the company's registrar and transfer agent, is in Canada will receive the Canadian-dollar equivalent of the dividend, based on the market exchange rate available to TSX Trust Company on the day before the payment date, net of fees. All other shareholders of record as of the record date will receive the dividend in U.S. dollars.

Holders of the company's Brazilian depositary receipts as of the record date are expected to receive payment by July 7, 2022, and will receive the Brazilian reais equivalent of the dividend, based on a market exchange rate to be disclosed in a future press release, in advance of its payment date.

The dividend is not subject to withholding taxes at the time of payment by the company.

Rodrigo Barbosa, president and chief executive officer, commented: "I am very proud to announce changes in our dividend policy. Dividends will now be paid twice per year, starting with this first payment in June. Thanks to our high returns project, fast paybacks, on top of strong cash flow from our existing operations, Aura has a unique combination of growth and dividends while maintaining a low leverage. We are on track to produce over 400,000 per ounce by 2024 (50-per-cent growth compared with 2021) and, in the meantime, return value to our shareholders through dividends."

About Aura Minerals Inc.

Aura Minerals 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. It calls this 360-degree mining.

Aura Minerals 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 producing assets include the San Andres gold mine in Honduras, the Ernesto/Pau-a-Pique gold mine in Brazil and the Aranzazu copper-gold-silver mine in Mexico. In addition, the company has two additional gold projects in Brazil, Almas and Matupa, one gold project in Colombia, Tolda Fria, and the Gold Road mine in Arizona, United States, currently in care and maintenance.

(1) Adjusted EBITDA is a non-generally accepted accounting principle financial measure, is not a standardized financial measure under international financial reporting standards and may not be comparable with similar measures disclosed by other issuers. See the disclosure under the heading "Non-GAAP Performance Measures" in the company's management's discussion and analysis for the three months ended March 31, 2022, which is available under the company's profile on SEDAR.

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