Aura Minerals Inc. announced that it recently acquired, through its subsidiary Aura Matupa, the right to explore the Pe Quente and Pezao Projects (the "Projects") in the State of Mato Grosso, Brazil (the "Acquisition"). The Projects consist of a total of 6 Mineral Rights and are located in the geological setting of Alta Floresta Gold Province and are within a 50 km radius of Aura's Matupa Project and the X1 deposit, with a feasibility study published in November 18, 2022. The Projects have the same type of mineralization, representing important potential for increasing Mineral Resources and Mineral Reserves of the Matupa Project.

Aura made an initial payment of USD 500,000 and, if the results meet its expectations, Aura has the right, but not the obligation, to complete the acquisition in up to 12 months for USD 9.5 million. Aura intends to invest approximately $1.6 million in 13,000 meters of drilling over the next 12 months. The program will focus on infill drilling and possible extensions aiming to confirm and validate the mineralization continuity and grades.

Projects Highlights. QP has not done any work to validate historical data and historical estimates and did not review or have any opinion about the accuracy of underlying data or any parameters used to estimate or calculate the historical estimates.