Aurania Resources : Lidar Data Identifies a Set of Vein-Like Features at the Tiria Epithermal Gold-Silver Target

Toronto, Ontario, May 1, 2020 - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) ('Aurania' or the 'Company') is pleased to report that LiDAR imagery has identified a system of vein-like features that coincide with areas of silver enrichment in soil samples from the Tiria South epithermal gold-silver target in the Lost Cities - Cutucu Project in southeastern Ecuador. If a vein system is confirmed by follow-up field work of the imagery, the target would be the gold-bearing zone that lies at depth in a typical epithermal system.

Aurania's Chairman & CEO, Dr. Keith Barron commented, 'LiDAR has provided us with a means of seeing through the jungle as if the vegetation had been stripped away, allowing us, for the first time, to image the jungle floor. If our follow-up fieldwork confirms that the vein-like features at Tiria South are quartz veins, LiDAR will have proven to be a critical component of our exploration toolkit, allowing us to focus detailed sampling and geophysics on key parts of each target area, and should allow us to advance to scout drilling more efficiently than before. Imaging of the jungle floor is critical, not only in our search for vein-hosted epithermal gold-silver deposits like Fruta del Norte, but also for extensions to the copper-silver mineralization that our field teams have discovered in specific sedimentary layers in the Project area. I expect that we will be talking about details of various targets that come more sharply into focus as our exploration teams pore over the LiDAR imagery, superimposing geophysics, stream sediment results and soil geochemistry. We also continue to study the LiDAR imagery for evidence of colonial Spanish activity in the Project area.'

Details of Vein System Identified at Tiria South
Stream sediment sampling identified elevated values of pathfinder elements for epithermal gold-silver in several drainage basins in Aurania's Tiria South Target area. Subsequent soil sampling of these drainage basins, first along ridge-crests and then on a regular grid, identified several specific areas of enrichment; these are linear, typical of what would be expected from a vein system. Advancing the Tiria South target by field work alone is challenging because of the lack of outcrop beneath dense jungle cover and deeply developed soil. However, images generated from LiDAR data delineate a system of vein-like structures adjacent to a fault network, both of which correspond with enrichment of silver and pathfinder elements in soil samples.

Next Steps
The Tiria South target will be prioritized for exploration follow-up when Aurania's field teams return to the Project on the lifting of COVID-related restrictions in Ecuador. The plan is to do further detailed mapping and sampling, guided by the detail provided by the LiDAR imagery, along with geophysics aimed at identifying silica related to epithermal veins located beneath the 10m thick soil cover.

Ecuador's Ministry of Energy and Non-Renewable Resources has called for a detailed plan from resource companies as to how they intend to resume activities. These plans are being reviewed by the authorities and will be incorporated in a 'back-to-work' protocol.