Gold and Copper Exploration in Ecuador Forward Looking Statements - PowerPoint PPT Presentation

Gold and Copper Exploration in Ecuador

Forward Looking Statements This presentation contains forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Aurania. Forward-looking statements include estimates and statements that describe Aurania’s future plans, objectives or goals, including words to the effect that Aurania or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan” . Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Aurania, Aurania provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this presentation includes, but is not limited to, Aurania’s company’s objectives, goals or future plans, statements, exploration results, potential mineralization, the company’s portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure or inability to complete the Transaction on the terms as proposed, failure to obtain the required approvals of the Aurania’s shareholders and regulators, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate the indigenous communities, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, and those risks set out in Aurania’s public documents filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the forward-looking information in this presentation are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this presentation, and no assurance can be given that such events will occur in the disclosed time frames or at all. Aurania disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. The technical information contained in this presentation has been verified and approved by Aurania's Chief Geologist, Jean-Paul Pallier, a designated EurGeol by the European Federation of Geologists and "Qualified Person" for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators. 2018-01-10 2 TSXV:ARU

Investment Highlights People – Multiple prior discoveries in Ecuador – CEO Keith Barron responsible for discovering Fruta del Norte epithermal gold/silver deposit – President Richard Spencer led teams responsible for discovery of San Carlos, Panantza, Mirador porphyry copper and Loma Larga gold deposits Jurisdic iction: : Ecuador – Government moving towards mining for economic growth The e Lost t Cities – Cutuc ucu Project – Favourable geological setting – Along trend of major gold-copper discoveries – Proprietary historical information provides unique insight 2018-01-10 3 TSXV:ARU

Board of Directors Keith Barron Ph.D. CEO and Chairman El Elaine El Ellingham M.Sc., MBA, P.Geo. Director Richard rd Spence ncer Ph.D., P.Geo., C.Geol. Pr President and Director Gerald Harper Ph.D., P.Geo. Director Marvi vin Kaiser Retired CFO Director 4 TSXV:ARU

Management Keith Barron Jean Paul Palli llier Ph.D. M.Sc., EurGeol. CEO and Chairma man VP-Explorati VP tion Richard rd Spence cer Donna McLean Ph.D., P.Geo, C.Geol. B.A. Pr President and Director CFO Monica Ospina na Carolyn Muir M.Sc. B. Sc Sc. Head of of CSR Mana nager – Investor Service ces 5 TSXV:ARU

Capital Structure Debt ARU US$1MM deferred payment relating to 27,335,625 acquisition of Ecuasolidus S.A. 1,600,445 (corporate entity in which the Lost Cities - Cutucu concessions are held) 2,315,000 31,251,070 Condi ditions 4.40 Due date: May 29, 2018 • 120MM 2% Annual interest rate • 2018-01-10 6 TSXV:ARU

Corporate Snapshot Rece cent t Financ ncing Options April 2017 1.7MM 415K 150K 430K C$2.00 C$0.40 $C0.60 C$2.30 C$2.00 3,200,890 April, 2018 July, 2021 May, 2022 Nov, 2022 1,816,745 Share reholder r Base C$3.00 Oct, 2018 1yr Share re Price ce Others 39% Insiders 61% 2018-01-10 7 TSXV:ARU

The Opportunity • Management discovered mines along-trend • Concession area never systematically explored with modern techniques • Proprietary historical information • Ecuador: a pro-mining jurisdiction • Excellent potential for world class deposits 2018-01-10 8 TSXV:ARU

People Dr. Keith Barron Ph.D • Aurania’s CEO and Chairman • Exploration geologist with over 33 years experience in the mining sector • 2003 discovered Fruta del Norte gold- silver deposit - sold for $1.2 B • Awarded 2008 Thayer Lindsley International Discovery Award • Named the Northern Miner’s 2008 Mining Man of the Y ear 2018-01-10 9 TSXV:ARU

People Dr. Richard Spencer Ph.D., P.Geo., C.Geol. • Aurania’s President and Director • Lived in Ecuador for 10 years • Led Gencor’s exploration team in discovery of porphyry district: • 24 billion lbs copper • 4 million oz gold • Discovered Loma Larga epithermal gold – silver deposit for Iamgold • 3 million oz gold • 27 million oz silver 2018-01-10 10 TSXV:ARU

Jurisdiction Ecuador: Government Investment Pangui Health Clinic Los Encuentros School Government spent US $136 million on infrastructure near future mines prior to receiving any royalties/taxes from mining. 2018-01-10 11 TSXV:ARU

Jurisdiction Ecuador: Exploration Hotspot 4/6 1 ECUADOR 2 2 3 2 5 7 5 2018-01-10 12 TSXV:ARU

Jurisdiction Multiple Deposits Being Development Mines s Under r Const struc uction Advanc nced d Exploration n and d Resou ource ce Definition Fruta del Norte (Gold-Silver) • Lundin Gold; Santa Barbara (Gold-Copper) Lumina • Gold; San Carlos & Mirador (Copper • and Copper-Gold) China National Cangrejos (Gold-Copper) Lumina Gold; • Rail; Cascabel (Copper-Gold) SolGold; • Loma Larga (Gold-Silver-Copper) • INV Metals; Llurimagua (Copper) Codelco; • 2018-01-10 13 TSXV:ARU

Project Nambija, Ecuador Nambija is one of Ecuador’s Lost Cities rediscovered in 1981 2018-01-10 14 TSXV:ARU

Project Sevilla del Oro, Ecuador “Sevilla del Oro is the richest mine in the Indies” 2018-01-10 15 TSXV:ARU

Project Historic Timeline: The Lost Cities Last attempt to restore Logro ñ o destroyed and Logro ñ o to the Crown re-established. Sevilla del Keith Barron Oro founded. discovers Fruta del Logro ñ o destroyed Norte gold deposit 1564 4 157 575/157 /1576 6 1582 2 1594 1605 1616 2003 2006 2016 Keith Barron Logro ñ o 12 years of historical Logro ñ o de los Caballeros starts historical abandoned research lead to application founded, reported 4,100 research for 208,000Ha of troy oz in first year exploration concessions in Logro ñ o subjected to daily Cordillera de Cutucu attacks by the Jibaro Indians 2018-01-10 16 TSXV:ARU

Project T wo of Ecuador’s Lost Cities Approximate coverage of Lost Cities – Cutucu exploration concessions 2018-01-10 17 TSXV:ARU

Project Prime Discovery Potential Large land position (2,080km 2 ) • Underexplored concessions • Known mineral belt extends across concession area • 2018-01-10 18 TSXV:ARU

Project Exploration Approach 2018-01-10 19 TSXV:ARU

Project Favourable Geology Similar geological framework that hosts deposits in the Cordillera del Condor are evident in The Lost Cities – Cutucu Project Pull-apart basins Schematic pull-apart basin at a Fruta del Norte pull-apart shown at interpreted from jog in a right-lateral fault satellite imagery over the same scale as the Cutucu map Lost Cities – Cutucu Project Fruta del Norte gold deposit 10km 2018-01-10 20 TSXV:ARU