Exercise of Options over Ordinary Shares

23 FEBRUARY 2017

AURA ENERGY LIMITED

(“Aura” or the “Company”)

Exercise of Options over Ordinary Shares

Aura wishes to inform the market of the following change in the number of fully paid ordinary shares on issue of no par value:

Number of ordinary shares to be issued	4,000,000
Total number of ordinary shares on issue following the issue	792,357,787
Ordinary shares held in Treasury	NIL
Expected Admission date	8 March 2017

The exercise of options over ordinary shares was made by sophisticated and professional shareholders in the Company and did not involved any director of the Company.

The exercise price was 2.5 cents per option over ordinary shares.

For more information please visit www.auraenergy.com.au or contact the following:

Aura Energy Limited Peter Reeve (Executive Chairman)	Telephone: [phone] [e-mail]
WH Ireland Limited Adrian Hadden Katy Mitchell James Bavister	Telephone: [phone]
Yellow Jersey PR Limited Felicity Winkles Joe Burgess	Telephone:  [phone] [phone]