"On behalf of the Board and Aura's key stakeholders, I want to thank David Woodall, who has decided to resign from the MD/CEO role to pursue other interests, for his work and dedication during his time at Aura. Dave has made a significant contribution and materially progressed both the Tiris Uranium Project through to a FEED study and the Häggån project to a Scoping Study with promising results. The Board and I wish David all the best in his future endeavours."

Commenting on his appointment, Mr Andrew Grove said:

"I am delighted and very excited to be joining Aura Energy and to become part of the team that intends to deliver the high-quality Tiris Uranium Project in Mauritania, into a market that recognises the critical role nuclear energy has to play in the global, low-carbon energy transition. I also look forward to continuing the progress with the polymetallic Häggån deposit in Sweden, and file for an exploitation permit during 2024. Häggån is central to achieving the European energy transition, and I am very committed to achieve a successful exploitation permit application.

As part of my strategic consultancy work, I have been working with the team to review the close-to- completion Tiris FEED study results and am excited about the opportunity that it offers to bring a new project into being with low capital and operating costs. I look forward to sharing the key features of the proposed project with the Government and with shareholders during February.

In-addition, as previously announced, the current drilling program offers Aura the opportunity to expand its resource base to more than 100Mlbs and we believe that with the additional tenure applied for in December 2023, that we have significant potential to identify additional shallow economic uranium mineralisation around both Tiris West and at Tiris East.

I am similarly excited about Aura's 2 billion tonne Häggån polymetallic deposit in Sweden. During the past year, Aura has put in a substantial amount of time to engage with stakeholders in Sweden, locally and nationally. We have seen some regulatory progress in Sweden as far as simplifying the permit process for mining. I look forward to continuing the Swedish stakeholder dialogue and be part of a successful application for Häggån. The asset represents significant value, including 800Mlbs of uranium resources, that is not currently fully reflected in the Aura share price."

Mr Groves' remuneration package is summarised in Schedule A.

Mr Andrew Dean Grove, aged 54, currently holds or has held the following directorships and partnerships in the last five years:

Mr Grove does not currently hold any ordinary shares in the Company.

Commenting on his resignation, Mr David Woodall said:

"Having considered the likely demands of international travel and workload for 2024 and beyond, I have advised the Board of my resignation as Managing Director and CEO.

I have immensely enjoyed the challenges of the global push towards clean energy and have no doubt that a company such as Aura will be at the forefront of the industry in the years to come; however, to continue as I have throughout 2023 would be to place excessive strain on family and me personally.