Aura Energy Limited — Capital/Financing Update 2019

Nov 17, 2019

18 NOVEMBER 2019

==> picture [596 x 252] intentionally omitted <==

AURA SECURES FOLLOW-ON CONVERTIBLE NOTE FROM LIND GLOBAL MACRO FUND LP

Aura Energy Limited (AEE; ASX, AURA; AIM) is pleased to announce that it has secured a A$350,000 in a Follow-on Convertible Security Note under the Convertible Security Funding Agreement execution on 30 April 2019. Details of the Follow-on Convertible Security note are set out in a separate announcement entitled Cleansing Statement.

With the Company having implemented a significant cost cutting programme the monies raised will provide the Company will working capital as the Company continues to advance corporate opportunities around its exploration and development assets.

The various initiatives which remain underway include;

• Discussions for investment into Aura’s gold assets

• Continuation of the Export Credit Agency finance process for Tiris development funding

• Further optimisation of the Häggån Scoping Study before final release

• Progression of the compensation claim from the Swedish Government for the Häggån Uranium Project

The Company appreciates the continuing finance support shown by Lind and remains confident of progress on these various initiatives.

For further information please contact:

Mr Peter Reeve Executive Chairman Phone +61 (0)3 9516 6500 info@auraenergy.com.au

1 | P a g e