AUR: Copper Mineralisation Intercepted at Forrest

28 March 2019

Copper Mineralisation Intercepted At Forrest:

Diamond Drilling Update

•Two diamond holes for 679.5 metres completed at the Forrest Prospect

•Visible copper mineralisation intersected in both holes

•Primary copper sulphide mineralisation (bornite) intersected in second hole (FPDD002)

•Diamond rig now mobilising to the Wodger Prospect to complete additional diamond holes (560m total planned)

Australian base metals explorer Auris Minerals Limited ("Auris" or "the Company") (ASX: AUR) is pleased to provide an update to current diamond drilling at the Forrest and Wodger Prospect. The project is held 80% by Auris, and 20% by Fe Ltd.

Two diamond holes (FPDD001-002) have been completed at the Forrest Prospect, in which visible copper mineralisation has been intersected (Fig. 1). The drill rig is currently mobilising to Wodger to drill one diamond hole to laterally extend mineralisation to the north, and a diamond tail to WDRC020 (120m extension of drill hole to intersect a moving loop EM anomaly).

Figure 1A. Bornite mineralisation (dark blue) within quartz-carbonate veining (white) hosted by foliated ultramafic rock (green) in FPDD002 (387.10m). Dry photo of HQ core (63.5mm diameter).

B. Bornite on fracture (FPDD002, 384m).

Forrest Diamond Drilling Summary

A total of two diamond holes (FPDD001-002) for 679.5 metres (Table 1) has been completed at Forrest (Fig. 2, 3). These have confirmed the existence of a northern down-plunge extension to known copper mineralisation (Figures 2 and 3, see ASX announcement dated 4 February 2019).

Table 1. Forrest Prospect Diamond Drill Hole Collar Details.

Hole	Easting (mE)	Northing (mN)	RL (m)	Dip	Azi	Depth (m)
FPDD001	640770	7185820	535.86	-60	90	231
FPDD002	640620	7185820	539.86	-70	90	448.5

AURIS MINERALS LTD ABN 77 085 806 284

Level 3, 18 Richardson Street, West Perth Western Australia 6005 | PO Box 298 West Perth WA 6872 T [phone] | E [e-mail] | W aurisminerals.com.au

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FPDD001 (231m depth) intersected 5 metres containing 10% malachite and chalcocite mineralisation from 125m associated with weathered, foliated ultramafic lithologies.

This drill hole tested the down plunge extension (120 metre step out) of copper mineralisation intersected in FGRC005 (8m at 1.27% Cu from 139m) and FGRC002 (8m @ 1.01% Cu from 76m)(see ASX:RNI announcement dated 28 February 2014).

Figure 2. Forrest Prospect Drill Hole Location and Interpreted Geology

AURIS MINERALS LTD ABN 77 085 806 284

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Figure 3. Forrest Prospect Longitudinal Projection

FPDD002 (448.5m depth) targeted copper mineralisation, approximately 100m north and down plunge from FPRC029 (significant results of 33m @ 1.25% Cu from 276m including 14m @ 1.17% Cu from 276m and 16m @ 1.54% Cu from 293m - refer ASX announcement dated 4 February, 2019).

FPDD002 intersected several zones of up to 5% bornite mineralisation associated with quartz- carbonate and quartz veining. Significant zones are detailed below;

381.7-389.9m: up to 5% visible bornite mineralisation associated with quartz carbonate alteration within foliated ultramafic lithologies.

402.0-402-15m: 5% visible bornite mineralisation and trace visible gold mineralisation

associated with foliated ultramafic lithologies (Fig. 4).

415.8-418.15m: Fracture fill and disseminated bornite mineralisation (approximately 5%) within quartz veins and sedimentary rock, four metres downhole from ultramafic lithologies (Fig. 5).

FPDD002 has been cased with 50mm PVC so that down hole EM surveying can be completed.

AURIS MINERALS LTD ABN 77 085 806 284

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Exploration Manager Matthew Svensson comments:

"The Company is extremely excited to have intercepted primary copper sulphide mineralisation. This extends the footprint of known mineralisation, the extent of which remains open along strike and at depth."

Figure 4A. Bornite and visible gold mineralisation in quartz-carbonate veins hosted by foliated ultramafic rock in FPDD002. Wet photo of HQ core (63.5mm) at approximately 402m depth downhole.

B.Close up of visible gold.

BORNITE

Figure 5. Fracture fill bornite mineralisation within quartz veining in FPDD002. In the above photo the bornite has not yet been tarnished/oxidised, therefore is more copper brown in colour.

AURIS MINERALS LTD ABN 77 085 806 284

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Wodger Diamond Drilling Summary

The drill rig is currently mobilising to Wodger to drill one diamond hole and a diamond tail to WDRC020 (120m extension of drill hole to intersect a moving loop EM anomaly).

The planned diamond drilling at the Wodger Prospect consists of a 440m drill hole designed to intercept copper mineralisation interpreted 120m north-northwest down plunge, from WDRC018 (6m

@2.80% Cu from 305m incl. 1m @ 8.28% Cu and 5.74g/t Au from 309m (Fig. 6 - see ASX announcement dated 4 February 2019).

Drill hole WDRC020, south of the Wodger Prospect, was drilled as part of the most recent programme, and was designed to evaluate a moving loop EM anomaly. However the hole was abandoned short of the target due to drilling difficulties after issues with water ingress. A diamond tail for approximately 120m is planned on WDRC020 to intersect the moving loop EM anomaly (Fig. 7).

Mineralised intersections of drill core are currently being orientated, geologically logged and sampled. Samples will be submitted for multi-element analysis at ALS laboratory in the near future, and shareholders will be informed of results as they come to hand.

Figure 6. Long section of Wodger Prospect with significant intersections and projected location of mineralisation intersection point from planned drilling.

AURIS MINERALS LTD ABN 77 085 806 284