ARU Aurania Resources Ltd

AuRo Resources Corp. (TSX VENTURE:ARU)(FRANKFURT:NXP3) announces that it has
arranged a non-brokered private placement ("Offering") of up to 14,285,714 units
(the "Units") at a price of $0.07 per Unit, for gross proceeds of up to
$1,000,000.


Each Unit will consist of one (1) common share of the Company and one-half (1/2)
of one share purchase warrant (a "Warrant") with each whole Warrant entitling
the holder thereof to acquire an additional common share of the Company for a
period of 18 months at a price of $0.15 per share. 


The term of the Warrants is subject to an acceleration right at the option of
the Company, provided that the common shares of the Company trade at or above
$0.30 for a full 20 consecutive trading days and the Company has provided
Warrant holders with 30 days prior written notice of the accelerated Warrant
exercise date.


The proceeds of the Offering will be used to fund continued exploration at the
Company's key projects in Colombia, and for general working capital purposes.


In connection with the Private Placement, the Company will pay cash finder's
fees in an amount equal to 8% of the gross proceeds raised and will issue
finder's warrants, having the same terms as the Warrants forming part of the
Units, in an amount equal to 8% of the Units sold in the Private Placement. All
of the securities issued pursuant to the Private Placement will be subject to a
four (4) month hold period from the date of issue.


About AuRo Resources Corp. 

AuRo Resources is a mineral exploration company with major land positions in
Colombia's leading gold camps. The Company holds property interests in three of
the country's most prolific gold regions in Antioquia, Tolima-Quindio, and
Santander-Norte de Santander. AuRo shares trade on the TSX Venture Exchange
under the symbol ARU. For further information please visit
www.auroresources.com.


ON BEHALF OF THE BOARD 

Mark Lawson, President & CEO

Aurania Resources (TSXV:ARU)
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Aurania Resources (TSXV:ARU)
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De May 2023 a May 2024