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 VP Exploration, Jan-Pol 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. 2 TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

Executive Overview THE STORY OF AURANIA AND THE LOST CITIES  Aurania Resources Ltd. (“Aurania” or The “Company”) was founded in 2007 under its previous name Urania Ltd., currently trading under the tickers: TSXV:ARU; OTCQB:AUIAF; Frankfurt: 20Q  Aurania is a mineral exploration company with a focus on gold and copper deposits in Southeast Ecuador  The Company’s approach has been unique as management has studied historical literature and maps to locate projects within Ecuador  Management has an impressive track record  CEO, Keith Barron, discovered Fruta del Norte, currently the largest underground mine in Ecuador  President, Richard Spencer, led teams responsible for San Carlos Panantza and Mirador porphyry copper and Loma Larga epithermal gold deposits  Flagship Asset - The Lost Cities – Cutucu Project  Located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador  To date, eleven targets for gold-silver mineralization, four porphyry copper targets and one silver-zinc-lead target have been identified 3 TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

Executive Overview INVESTMENT HIGHLIGHTS Exploration in a  “Lost Cities” - Ancient Spanish literature from the mid-1500s point to the Cordillera de Cutucu as the location of two historic gold Unexplored Historic mining sites: Sevilla del Oro and Logrono de los Caballeros Area  New regulations within Ecuador favor the mining industry Favorable Mining  Major mining players like Anglo American, BHP Billiton, Newcrest Jurisdiction have been seizing the opportunity and acquiring acreage throughout Ecuador  Aurania has a 100%-owned 2,080 km 2 land package along the trend of major gold-copper belt, including its flagship asset, The Lost Large Acreage Position Cities-Cutucu Project with Upside Potential  Management has explored 35% of the land package and already identified multiple targets  CEO, Keith Barron, co-founded Aurelian Resources Inc., an Ecuador Experienced gold explorer, which sold to Kinross Gold for C$1.2 billion Management & Board  President & Director, Richard Spencer, led Gencor Ltd’s exploration with Proven Track team that made the grassroots discovery of copper and gold in Records in the Area deposits due south and along the trend of the Cutucu Project. 4 TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

Historic Area Today STAKING OF CONCESSION AREA Map from 1584 clearly implies settlement along the Andes specifically in the “Lost cities” of Sevilla del Oro and Logrono de los Caballeros located in the Cordillera de Cutucu. Five of the seven “lost cities” have been located with the most recent, Nambija, rediscovered in 1981 in the Cordillera del Condor. LOGROÑO IS CONSIDERED IN WRITINGS FROM THE 1500s AS THE RICHEST GOLD MINE IN THE SPANISH EMPIRE 5 TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

Why Ecuador? FAVORABLE AND GROWING JURISDICTION  Over the past decade, Ecuador has implemented major improvements in the mining industry Supportive  2014: The government restructured its mining and tax policies Government  2018: Supertax on Mining was removed Under-  Lack of prior government support and incentives in the mining industry negatively affected the sector and discouraged mineral Explored exploration investment Majors  Miners like Anglo American, BHP Billiton, Lundin Gold, Newcrest among others are expanding their presence in the country Piling In  Ecuador expects $4 billion to be invested in mining from 2019-2021 6 TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

Ecuador: An Exploration Hotspot MAJOR PLAYERS IN THE AREA 7 1 8 2 6/4 1 3 9 ECUADOR IN COUNTRY 4 2 3 5 8 7/4 5/9 5 6 7 TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

The Lost Cities – Cutucu Project: UNEXPLORED, ON-TREND OF PROLIFIC MINERAL BELT • Historical information led to staking of 208,000 Hectares (2,080km 2 or 500,000+ acres) • Concession area is along-trend of a very well- endowed mineral belt. 26 Moz Gold 30 Blbs Copper Chapiza & Santiago Formations 8 TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

List of Targets to Date POTENTIAL TARGETS DISCOVERED BY MANAGEMENT “ Epithermal ” “ Porphyry ” “ Replacement ” gold-silver copper & copper-gold silver-zinc-lead 4 TARGETS 1 TARGET 11 TARGETS  Shimpia   Kirus Crunchy Hill  Tsenken   Yawi Jempe   Latorre A, East, West  Awacha cluster Tinchi   Tiria East  Tiria West SCOUT DRILLING PRIORITY #1 Crunchy Hill  #2 Yawi 9 TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

The Cordillera del Condor LARGE NEARBY DEPOSITS The Lost Cities – Cutucu Project lies along-trend of the Cordillera del Condor mineral belt - Aurania’s exploration is focused on finding the same types of deposits that occur in the Cordillera del Condor Cordillera del Condor: Gold Resources >1Moz Cordillera del Condor: Copper Resources >1Blbs 10 9 NI43-101 Gold Resources (Moz) 9 NI43-101 Copper Resources (Blbs) 8 8 7 7 6 6 5 5 4 4 3 3 2 2 1 1 0 0 Mirador San Carlos Panantza Mirador Warintza Santa El Hito Fruta del Santa Mirador Jerusalem Los Cuyes Soledad Norte Barbara Norte Barbara M&I Inferred M&I Inferred Source: Company’s websites 10 TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q

Management Experience DISCOVERY HISTORY IN THE CONTIGUOUS MINERAL BELT Of the NI 43-101 resources defined in the contiguous mineral belt, management was involved in the discovery of: 18Moz of the belt’s 26Moz of Gold 23Blbs of the belt’s 30Blbs of Copper 23% 31% 69% 77% Moz due to Management Others Blbs due to Management Others 11 TSXV:ARU OTCQB:AUIAF FRANKFURT:20Q