Mr. Rodrigo Barbosa reports

AURA DECLARES DIVIDEND OF US$0.14 PER SHARE TO BE PAID IN DECEMBER 2022

Aura Minerals Inc.'s board of directors has declared and approved the payment of a dividend of 14 U.S. cents per common share (approximately $10.1-million (U.S.) in total). In accordance with the company's dividend policy, the dividend is in respect of and is based on Aura's expected financial results for the six months ending on Dec. 31, 2022. The company had a strong liquidity position, with cash and cash equivalents of approximately $121-million (U.S.) as of Sept. 30, 2022.

Under the dividend policy, the company's annual dividend is equal to 20 per cent of its estimated adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) for the relevant six months less sustaining capital expenditures and exploration capital expenditures for the same period. The amount of the dividend is based on the actual results for Q3 2022 and the expected results for Q4 2022, including expected production, cash costs, and sustaining and exploration capex for Q4 2022, all of which are in line with the company's latest guidance.

The dividend will be paid on Dec. 21, 2022, to shareholders of record as of the close of business on Dec. 15, 2022. All shareholders of record will receive the dividend in United States dollars.

Holders of the company's Brazilian depositary receipts as of record date are expected to receive payment by Dec. 30, 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: "We are pleased to have our shareholders continue to benefit from the significant progress at Aura with the payment of another strong dividend. Underpinned by our sustainable and cash flowing assets, this year, we further strengthened our long-term growth profile with three mines expected to be on line by 2025, boosting our production profile by 82 per cent. Today's announcement illustrates our confidence in the long-term outlook for our business and reinforces our strategic objective, which is to grow while paying dividends."

About Aura Minerals Inc.

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 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.

We seek Safe Harbor.