Established Australian copper-gold producer and explorer, Aeris Resources Limited (ASX: AIS) (Aeris or the Company) is pleased to release its 31 December 2022 Group Mineral Resource and Ore Reserve Statement for its 100% owned Tritton, Jaguar, Cracow and North Queensland Operations and the Stockman Project.

The Mineral Resource and Ore Reserve estimates are reported in accordance with the guidelines of the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves ('JORC 2012').

Mineral Resource changes at each operation are summarised below1: Tritton Mineral Resource tonnage increased by 2.1Mt due to resource updates at Budgerygar, South Wing and Kurrajong Cracow Mineral Resource tonnage increased by 0.8Mt, due primarily to the maiden Mineral Resource reported for Golden Plateau Jaguar Mineral Resource tonnage increased by 0.6Mt as a result of resource definition drilling at Bentley and Turbo North Queensland Resource tonnage reduced by 0.2Mt due to mining depletion and a removal of some oxide material below the Mt Colin pit from the resource No change to the Stockman Mineral Resource

Ore Reserve changes at each operation are summarised below2: Tritton Ore Reserve tonnage decreased by 0.8Mt, predominantly due to mining depletion at Tritton and Murrawombie Cracow Ore Reserve tonnage decreased by 0.2Mt, predominantly due to mining depletion Jaguar Ore Reserve tonnage increased by 0.4Mt as a result of the maiden Ore Reserve Estimate at Turbo North Queensland (Mt Colin) Ore Reserve tonnage decreased by 0.14Mt due to mining depletion No change to the Stockman Ore Reserve.

Contact:

Tel: +61 7 3034 6200

About Aeris

Aeris Resources is a mid-tier base and precious metals producer. Its copper dominant portfolio comprises four operating assets, a long-life development project and a highly prospective exploration portfolio, spanning Queensland, Western Australia, New South Wales and Victoria, with headquarters in Brisbane. Aeris has a strong pipeline of organic growth projects, an aggressive exploration program and continues to investigate strategic merger and acquisition opportunities. The Company's experienced board and management team bring significant corporate and technical expertise to a lean operating model. Aeris is committed to building strong partnerships with its key community, investment and workforce stakeholders.

Competent Persons Statements

Tritton Operation

Mineral Resource Estimate The Mineral Resource Estimates reported for the Tritton, Murrawombie, Budgerygar, Avoca Tank and Budgery deposits were prepared by Angela Dimond BSc (Hons), MAusIMM who is a full-time employee of Aeris Resources Limited. Mrs Dimond is a Competent Person as defined by the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves', having relevant experience to the style of mineralisation and type of deposit described in the Report and to the activity for which she is accepting responsibility. Mrs Dimond has reviewed the Mineral Resource section (Tritton, Murrawombie, Budgerygar, Avoca Tank and Budgery) of this Report to which this Consent Statement applies and consents to the inclusion in the Report of the matters based on her information in the form and context in which it appears. The Mineral Resource Estimates reported for the Constellation deposit was prepared by Brad Cox BSc (Hons), MAusIMM who is a full-time employee of Aeris Resources Limited. Mr Cox is a Competent Person as defined by the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves', having relevant experience to the style of mineralisation and type of deposit described in the Report and to the activity for which he is accepting responsibility. Mr Cox has reviewed the Constellation deposit Mineral Resource section of this Report to which this Consent Statement applies and consents to the inclusion in the Report of the matters based on his information in the form and context in which it appears. Mr Cox discloses that he holds 688,445 shares in Aeris Resources. The Mineral Resource Estimate reported for the Kurrajong deposit was prepared by Andrew Fowler PhD, MAusIMM CP(Geo) 301401 who is a full-time employee of Aeris Resources Limited. Dr Fowler is a Competent Person as defined by the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves', having relevant experience to the style of mineralisation and type of deposit described in the Report and to the activity for which he is accepting responsibility. Dr Fowler has reviewed the Mt Colin Mineral Resource section of this Report to which this Consent Statement applies and consents to the inclusion in the Report of the matters based on his information in the form and context in which it appears

(C) 2023 Electronic News Publishing, source ENP Newswire