Aurania Resources Schedules Shareholder Meeting for EcuaSolidus S.A. Acquisition Approval

Aurania Resources Ltd. (TSXV: ARU) has announced plans for an annual and special meeting of shareholders to be held on May 26, 2017, in Toronto. The primary agenda item for approval by shareholders is the acquisition of EcuaSolidus S.A. The meeting will also address the appointment of auditors, election of directors, confirmation of the company's stock option plan, and the adoption of a restricted share unit (RSU) plan.

EcuaSolidus S.A. holds the Lost Cities – Cutucu Project in Ecuador, comprising 42 mineral exploration licenses covering 207,764 hectares. The project area is situated in the core of the Cordillera de Cutucu, a mountain range in the foothills of the Andes.

The acquisition of EcuaSolidus S.A. was initially announced on March 2, 2017, and is subject to regulatory and shareholder approval. To facilitate the acquisition, Aurania completed an oversubscribed brokered and non-brokered offering of subscription receipts totaling $6.4 million in April 2017. These funds are intended for the acquisition, property exploration, loan repayments, and working capital.

A technical report prepared in accordance with National Instrument 43-101, titled "Technical Report on the Lost Cities – Cutucu Exploration Project, Province of Morona-Santiago, Ecuador," has also been completed. The report was authored by Karl John Roa, an independent consultant and a "Qualified Person." Both this report and the meeting information circular are available on SEDAR.