Aurania Grants Stock Options Including Options in Lieu of Fees to Directors

Rhea-AI Summary

Aurania Resources (OTCQB: AUIAF) has announced the granting of stock options to various stakeholders. The company issued 2,465,000 stock options to directors, officers, employees, and consultants at an exercise price of C$0.23, exercisable for five years from June 30, 2025.

Additionally, as part of a previously announced arrangement, directors received their Q2 2025 fees in stock options instead of cash, with each director granted 27,000 stock options at C$0.23 exercise price, totaling 108,000 stock options. These director fee options are exercisable for three years and vested immediately.

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Toronto, Ontario--(Newsfile Corp. - July 1, 2025) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") announces that its Board of Directors granted 2,465,000 stock options to directors, officers, employees and consultants (the "Optionees") pursuant to the terms and subject to the conditions of the Company's Incentive Stock Option Plan.

The 2,465,000 stock options were granted to directors, officers, employees and consultants on June 30, 2025, and have an exercise price of C$0.23. These options are exercisable for five years from the date of grant and the options shall vest in thirds on the date of grant and each of the first and second anniversaries of the dates of grant, always subject to the Optionee's maintenance of continuous status as an employee, director, officer, consultant or service provider of the Company.

In addition to the options noted above, and as previously announced on March 31, 2025, the Directors of the Company agreed to receive their quarterly director fees for 2025 in the form of stock options in lieu of cash. On June 30th, 2025, each director was granted 27,000 stock options at an exercise price of $0.23. An aggregate of 108,000 stock options were granted to directors in lieu of their director fees for the second financial quarter of 2025. All such stock options will be exercisable for a period of three years from the date of grant and vested immediately upon grant. In the event a director intends to exercise such stock options, such director shall be solely responsible for paying the entirety of the exercise price.

About Aurania

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 copper in South America. Its flagship asset, The Lost Cities - Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedarplus.ca, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir
VP Corporate Development & Investor Relations
Aurania Resources Ltd.
(416) 367-3200
carolyn.muir@aurania.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257426

FAQ

How many stock options did Aurania Resources (AUIAF) grant on June 30, 2025?

Aurania granted 2,465,000 stock options to directors, officers, employees and consultants, plus an additional 108,000 stock options to directors in lieu of Q2 2025 fees.

What is the exercise price of Aurania Resources' (AUIAF) newly granted stock options?

All stock options were granted at an exercise price of C$0.23 per share.

What is the vesting schedule for Aurania Resources' (AUIAF) 2,465,000 stock options?

The options vest in thirds: one-third on the grant date, one-third on the first anniversary, and one-third on the second anniversary of the grant date.

How long are Aurania Resources' (AUIAF) new stock options exercisable for?

The 2,465,000 main stock options are exercisable for five years from the grant date, while the 108,000 director fee options are exercisable for three years.