Share Purchase Plan Offer will close 23 May 2024

Eligible Shareholders are reminded that the Share Purchase Plan Offer ("SPP") will close at 5.00pm on Thursday 23 May 2024 (AEST).

The company has received strong demand for the SPP but we would like to afford all Eligible Shareholders the opportunity to participate in the SPP and benefit from a very exciting period for Aura as the Tiris Uranium Project progresses towards development and demonstrates the significant growth opportunities that exist at the Project. An update to the Mineral Resource estimate for Tiris is underway on the back of the recently completed 15,500m drilling program and will be released this quarter.

Pursuant to the SPP, Eligible Shareholders in the Company will have the opportunity, irrespective of the size of their shareholding, to apply (without incurring brokerage fees) pursuant to a prospectus for up to A$30,000 worth of new Shares ("SPP Shares"), at an issue price of A$0.18 per SPP Share, and three (3) free attaching option for every four (4) SPP Shares issued under the SPP, on the same terms as the Placement Options ("SPP Options"). The Company proposes to seek quotation of the SPP Options subject to satisfying the quotation requirements of ASX. The SPP is not underwritten.

If you require a replacement application form, please email Monica at Computershare: monica.kneipp@computershare.com.au.

Full details of the SPP are set out in a Prospectus dated 23 April 2024 which is available on the Company's website: www.auraee.com.

This announcement is approved for release by the Managing Director & CEO.