Aurania Resources Names Thomas Ullrich as Special Advisor to Accelerate Strategic Project Development

Leveraging Extensive Mineral Exploration Expertise in Expanded Role

Aurania has formalized Thomas Ullrich’s advisory role, recognizing his significant technical background in mineral exploration and geoscience. His 35-plus years of industry experience equip him to offer strategic guidance on Aurania’s operational and exploration activities. This appointment underscores the Company’s commitment to strengthening project advancement as it progresses its exploration and development programs worldwide.

Dr. Keith Barron, Chairman, President, and CEO, described Ullrich as a "highly valued member" of the Board since July 2022. He emphasized that Ullrich’s expertise in capital markets, project evaluation, and advancement will enhance Aurania’s ability to unlock value across its portfolio. Ullrich’s increased involvement is expected to support the Company’s long-term strategic goals.

Thomas Ullrich’s Career and Industry Achievements

The announcement highlights Ullrich’s extensive mining and exploration career. Since 2016, he has served as CEO and director of Aston Bay. Previously, he was Chief Geologist North America for Antofagasta Minerals plc, overseeing copper exploration through property evaluations and drill program management across the U.S., Mexico, and Canada. This experience demonstrates his capability in managing large-scale exploration operations across diverse jurisdictions.

Earlier, Ullrich was Senior Geologist at Almaden Minerals, managing the drill program that led to the discovery of the Ixtaca Ag-Au deposit in Mexico. He also founded the Ar-Ar geochronology lab at the University of British Columbia and studied the Candelaria Cu-Au mine in Chile during his time at Queen’s University. Additionally, he serves on the Technical Advisory Board for American West Metals Limited, reflecting ongoing sector involvement.

Details of Stock Option Grant and Vesting Schedule

On July 22, 2026, Aurania’s Board granted Ullrich 350,000 stock options under the Company’s Stock Option Plan. These options carry an exercise price of C$0.215 per share and are exercisable for five years until July 22, 2031. Ullrich is responsible for the full exercise price if he chooses to exercise the options.

The options vest in three equal tranches: immediately on the grant date (July 22, 2026), and on the first and second anniversaries (July 22, 2027, and July 22, 2028). This vesting structure aligns Ullrich’s interests with Aurania’s medium-term performance, ensuring compensation is distributed over three years.

Advisory Duties and Operational Oversight

As Special Advisor, Ullrich will provide strategic advice and oversight on Aurania’s operational and exploration activities. His responsibilities may extend to evaluating strategic opportunities, project management, enhancing industry relationships, and prioritizing initiatives within Aurania’s project portfolio. This broad mandate integrates his expertise across multiple operational facets.

Ullrich will continue serving as a director on Aurania’s Board while fulfilling his advisory role, maintaining governance responsibilities alongside advisory duties. He will report directly to the Board of Directors, ensuring a clear governance structure for his expanded engagement.

Ullrich’s Perspective on the Appointment and Project Portfolio

Thomas Ullrich expressed enthusiasm for his expanded role, emphasizing his commitment to working closely with management. He highlighted Aurania’s "unique and compelling collection of projects globally," with particular interest in "strategically important projects for critical minerals." This reflects alignment between his expertise and Aurania’s strategic priorities.

He also conveyed his intent to contribute to advancing projects and supporting long-term shareholder value creation. This underscores his dedication to the Company’s value-creation objectives underpinning the advisory arrangement.

Aurania’s Geographic Focus and Diverse Project Portfolio

Aurania is a mineral exploration company focused on identifying, evaluating, acquiring, and exploring mineral properties, emphasizing precious metals and critical energy minerals in Europe and internationally. Its portfolio spans multiple jurisdictions, aligning with Ullrich’s experience managing exploration programs across diverse regions. His appointment signals the Company’s focus on technical expertise relevant to its global projects.

Forward-looking statements mention ongoing exploration in France, Italy, Ecuador, and other locations, illustrating the geographic breadth of projects Ullrich will advise on. This international scope highlights the importance of his cross-border experience and regulatory knowledge across mining jurisdictions.

Board and Management’s Strategic Valuation of Ullrich’s Role

The Board’s decision to formalize Ullrich’s advisory role and grant stock options reflects management’s confidence in his ability to enhance shareholder value. Dr. Barron emphasized Ullrich’s value as a Board member since July 2022, noting his combined technical mining, capital markets, and project evaluation expertise. Expanding his role while retaining his director position demonstrates trust in his capability to balance governance and operational functions.

The 350,000 stock options granted at C$0.215 represent the Board’s compensation approach for this advisory engagement. The five-year exercise period and three-part vesting schedule align Ullrich’s financial interests with Aurania’s medium-term performance, incentivizing sustained commitment to strategic goals.

Alignment with Precious Metals and Critical Minerals Exploration Strategy

Ullrich’s appointment aligns with Aurania’s focus on precious metals and critical energy minerals. He recognizes the portfolio includes "strategically important projects for critical minerals," reflecting industry trends toward securing mineral supply chains for energy transition and battery technologies. His expertise in critical mineral exploration, notably copper at Antofagasta Minerals, is highly relevant to Aurania’s strategic direction.

His deep experience in copper exploration and geochemistry, along with evaluating regional mineral systems internationally, positions Aurania to leverage technical insights applicable to both precious metals and critical minerals. This specialization enhances the Company’s competitive edge in advancing projects addressing global demand for traditional and emerging minerals.

Forward-Looking Statements and Regulatory Information

The announcement includes forward-looking statements cautioning investors that expectations regarding Ullrich’s role and the Company’s enhanced value creation capabilities involve risks and uncertainties. These statements reflect management’s current views and assume no significant adverse changes in metal prices or regulatory approvals. Investors are advised to review the full forward-looking statement section for detailed risk disclosures.

The Company notes that forward-looking information is current as of the July 23, 2026 announcement date and does not undertake obligations to update it except as required by law. This standard disclosure ensures compliance with securities regulations and informs shareholders about the nature of future-oriented statements.