Aura Resources Inc. (TSX-V:AUU) (“Aura” or the “Company”) is pleased to announce the initiation of a non-brokered private placement to raise gross proceeds of a minimum of $500,000, comprising 8,333,333 units, and up to a maximum of $1,000,000, comprising 16,666,667 units, at $0.06 per unit (the “Offering”). Each unit consists of one common share of the Company and one-half common share purchase warrant. Each whole warrant entitles the holder to purchase one common share of the Company at a price of $0.10 per share for a period of 24 months following the date of issuance. Any securities issued under the Offering would be subject to a statutory hold period of four months and one day from the date of issuance. This Offering is subject to approval of the TSX Venture Exchange (“TSX-V”). The anticipated closing date of the Offering is July 29, 2020.