Exercise of Options and Director’s Dealings

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

Exercise of Options and Director’s Dealings

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                                                     450,337

Total number of ordinary shares on issue following the issue             792,808,124

Ordinary shares held in Treasury                                                                      NIL

Expected Admission date                                                                   19 April 2017

Pursuant to a Contract of Employment between the Company and Mr PD Reeve, the Executive Chairman and Managing Director, Mr Reeve is entitled to quarterly share-based payments of A$25,000 before tax. The issue of shares set out above relates to the issue of fully paid ordinary shares for the quarter 1 October 2016 to 31 December 2016 with the pricing of the shares at the VWAP. The VWAP for the above-mentioned period was 2.97 Australian cents per fully paid ordinary share.

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) 2.97 Australian cents 450,337
d)	Aggregated information -         Aggregated volume -         Price	450,337 2.97 Australian cents
e)	Date of the transaction	5 April 2017
f)	Place of the transaction	London Stock Exchange, AIM