Aurora Energy Metals Limited announced results from the Reverse Circulation (RC) and Diamond Drill (DD) program completed in December last year at the Company's Aurora Energy Metals Project (the "Project") in south-east Oregon. The program had two objectives: target the potential for an extension to the north-west of the existing Aurora Uranium Deposit and test areas interpreted to host lithium in deeper lakebed sediments. Sixteen vertical and one angled hole were drilled during the program, made up of 12 RC and 5 DD holes, for a total of 3,414 m. All the RC samples and diamond core from the drill program were delivered to the laboratory in Reno before Christmas and it is expected that chemical assays will be completed and the results made available and announced at the end of January 2023.

Downhole Geophysical Logging Results: At the conclusion of the drill program, all accessible holes were geophysically logged to test for uranium and as expected, diamond core hole 22AUDD001, which is closest to historical hole AUD028 that was drilled in 2011 (45.7m at 488ppm U3O8), delivered excellent eU3O8 intercepts. Additionally, the result from the diamond tail of hole 22AURC00DT, which was drilled outside the current defined mineral resource envelope, also showed intervals similar to those seen in the current resource. All results in the table overleaf are reported using a 100ppm eU3O8 cut-off.