Issue of Shares

Aura wishes to inform the market that on 20 April 2020 its board of directors approved the following share issues:

SD Capital Advisory Limited/GKB Ventures Limited for provision of

financing advisory services 5,807,178

Total number of ordinary shares on issue 1,811,772,225

Ordinary shares held in Treasury Nil

Expected Admission date 27 April 2020

Background

SD Capital Advisory/GKB Ventures Limited Engagement Letter

On 25 January 2019, the Company executed a Letter of Engagement with SD Capital Advisory Limited and GKB Ventures Limited (collectively "S&G") as joint finance advisors to arrange funding for both the Tiris uranium project in Mauritania and the Häggån vanadium project in Sweden. The issue of shares referred to above represents a retainer payable for March 2020 of US$15,000 per month at a USD/AUD exchange rate of 0.6007 and a weighted average share price of 0.43 Australian cents per ordinary share.

Total shares on issue

The total number of ordinary shares on issue following the issue and Admission of the above Shares will be 1,811,772,225 ordinary shares. There are no shares held in treasury and, therefore this figure may be used by shareholders, from the appropriate time, as the denominator for the calculations by which they will determine whether they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure Guidance and Transparency Rules.

For more information please visit www.auraenergy.com.au or contact the following:

The information contained within this announcement is deemed by the Company to constitute inside information under the Market Abuse Regulation (EU) No. 596/2014.