AURIS MINERALS LIMITED — Capital/Financing Update 2021

May 31, 2021

1 June 2021

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Termination of Sams Creek Share Purchase Agreement

Gold and Base Metals explorer Auris Minerals Limited (“ Auris ” or “ the Company ”) ( ASX: AUR ) advises that the Share Purchase Agreement (for shares in Sams Creek Gold Limited) dated 19[th] February 2021 between Auris Minerals Limited and Auris NZ Pty Ltd (together Auris) and Sandfire Resources Limited (ASX: SFR) and MOD Resources (NZ) Pty Ltd (together Sandfire) (SPA) as amended by the letter ‘Extension of Conditions Precedent Deadlines’ dated 31 March 2021 between the parties (Letter) was terminated today as an extension to satisfy outstanding pre‐conditions was not agreed to by both parties.

Accordingly, Auris will not be proceeding with the proposed acquisition of Sams Creek.

Auris maintains an aggressive approach to exploring its robust 1,369km² portfolio of highly prospective exploration tenements in the Bryah Basin of Western Australia and further updates on current exploration programmes will be provided in due course.

‐ENDS‐

For and on behalf of the Board.

Mike Hendriks Managing Director

For Further information please contact: Mike Hendriks Managing Director Ph: 08 6109 4333

ABOUT AURIS MINERALS LIMITED

Auris is exploring for base metals and gold in the Bryah Basin of Western Australia. Auris has consolidated a tenement portfolio of 1,369km², which is divided into eight well‐defined project areas: Forrest, Cashman, Cheroona, Doolgunna, Morck Well, Feather Cap, Milgun and Horseshoe Well.

In February 2018, Auris entered a Farm‐in Agreement with Sandfire in relation to the Morck Well and Doolgunna Projects which covers ~430km² (the Morck Well JV). During September 2019, Auris entered into a Farm‐in with Sandfire in relation to the Cashman Project tenements, E51/1053 and E51/1120, (the Cashman JV). On 4 February 2020 Auris and Northern Star Resources Limited (NST) entered into a Farm‐in with Sandfire in relation to the Cheroona Project tenements, E51/1391, E51/1837 and E51/1838, (the Cheroona JV). Sandfire has the right to earn a 70% interest in each of above projects upon completion of a Feasibility Study on a discovery of not less than 50,000t contained copper (or metal equivalent) on the project. Auris manages exploration on all other tenements, including those that are subject to arrangements with third parties.

AURIS MINERALS LTD ABN 77 085 806 284 Lvl3 18 Richardson Street West Perth Western Australia 6005 | PO Box 298 West Perth WA 6872 T +61 8 6109 4333 | E general@aurisminerals.com.au | W aurisminerals.com.au