Aura Silver Resources Inc. (TSX-V: AUU) (“Aura Silver” or the “Company”) announces that it is undertaking a non-brokered private placement offering to raise gross proceeds of up to $600,000. The Company has applied for, and received, conditional approval from the TSX Venture Exchange for a waiver from the five-cent minimum price requirement. Under the terms of the proposed offering, Aura Silver would issue a minimum of 5,000,000 units for gross proceeds of $150,000 and a maximum of 20,000,000 units for gross proceeds of $600,000. The units would be issued at $0.03 (3 cents) per unit (the “Offering”).