Ms. Carolyn Muir reports

AURANIA ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Further to the news releases dated May 11, 2026, and June 1, 2026, Aurania Resources Ltd. has closed the second and final tranche of its non-brokered private placement of units of the company. An aggregate of 3,213,172 units were sold under the second tranche at a price of 18 cents per unit for total gross proceeds of $578,370.96. Together with the first tranche of the offering pursuant to which $678,263.76 was raised through the sale of 3,768,132 units, the company has completed the offering for total gross proceeds of $1,256,634.72 through the issuance of 6,981,304 units.

Each unit is composed of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to purchase one common share at an exercise price of 35 cents per warrant share for a period of 24 months following the date of issuance.

The company intends to use the net proceeds from the offering primarily for exploration at the Thor's Valley epithermal gold project in Iceland and at the Balangero nickel-cobalt tailings retreatment project in Italy and for general working capital purposes.

The closing of the offering is subject to the receipt of all necessary regulatory approvals, including the final approval of the TSX Venture Exchange. All securities issued and issuable pursuant to the offering are subject to a four-month-plus-one-day hold period commencing on the closing date of the first tranche or second tranche, as applicable.

About Aurania Resources Ltd.

Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and critical energy in Europe and abroad.

We seek Safe Harbor.