Aura Minerals Provides Update on Restart of Aranzazu Mine

Aura Minerals Inc. further to the Company’s press release dated September 7, 2018, the Company is pleased to announce an update on the current status of the re-start of Aranzazu.

The Company has made considerable progress at Aranzazu during the pre-commissioning and commissioning phases of the re-opening over the last months and has now entered into its start-up phase. The Company expects the Aranzazu mine to achieve commercial production later this year and to achieve the average processing of 2,600 tpd shortly thereafter.

The Company has now obtained all the necessary permits and initiated the construction of the new tailings disposal system (TD5) while temporary disposal of tailings takes place in one of the historic dams (TD1/2).

Rodrigo Barbosa, the Company’s President & CEO commented, “In addition to making considerable progress on the underground mine development and plant during the last few months, the Company has focused on developing and implementing a new management standards and procedures for Community, Safety and Employees to ensure a safe re-opening, high performance and a respectful management team’s culture going forward.  Finally, Aranzazu offers interesting exploration upside that should be drilled and analyzed during 2019/20.”