Issue of Equity and Director’s Dealings

AURA ENERGY LIMITED
(“Aura” or the “Company”)

Issue of Equity and Director’s Dealings

Aura Energy Limited (ASX:AEE / AIM:AURA) the uranium development company focused on developing projects in Africa and Europe towards production, 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	3,313,803
Total number of ordinary shares on issue following the issue	719,715,374
Ordinary shares held in Treasury	NIL
Expected Admission date	29 December 2016

Included in the number of ordinary shares to be issued are 1,430,958 Ordinary Shares being issued to Peter Reeve pursuant to his contract of employment for the period from April to September 2016. The remainder of the Ordinary Shares being issued are to a consultant.

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]

NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM

1	Details of the person discharging managerial responsibilities/person closely associated
a)	Name	Peter Reeve
2	Reason for the notification
a)	Position/status	Executive Chairman, Aura Energy Limited
b)	Initial notification/ Amendment	Initial Notification
3	Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
a)	Name	Aura Energy Limited
b)	LEI	N/A
4	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
a)	Description of the financial instrument, type of instrument Identification code	Ordinary shares of no par value GB00BZ0XVY42
b)	Nature of the transaction	Issue of shares pursuant to contract
c)	Price(s) and volume(s)	Price(s) Volume(s) 1.535 Australian cents 2.390 Australian cents 871,335 559,623
d)	Aggregated information -        Aggregated volume -        Price	1,430,958 $26,750
e)	Date of the transaction	20 December 2016
f)	Place of the transaction	London Stock Exchange, AIM