First Yellow Cake produced during testwork phase

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AURA ENERGY LIMITED

("Aura" or the "Company")

TIRIS URANIUM PROJECT DEFINITVE FEASIBILITY STUDY CONTINUES TO ACHIEVE MILESTONE TARGETS

FIRST YELLOW CAKE PRODUCED DURING TESTWORK PHASE

PRODUCT WITHIN SALEABLE IMPURITY LIMITS

Aura Energy Limited (AIM:AURA / ASX:AEE) is pleased to announce that as part of the Tiris Uranium Project Definite Feasibility Study (the "Tiris DFS") it has produced its first samples of yellowcake product.

Importantly, the yellowcake produced is regarded as 'saleable' with impurity levels in the product within the acceptable levels relative to the ASTM standards.

The UO₄ yellowcake was produced during the Aura test work phase being conducted in the Australian Nuclear Science & Technology Organisation (ANSTO Minerals) laboratories.

The precipitation test work will continue with further optimisation of the product planned in the next stage of work at ANSTO Minerals.

Peter Reeve, Aura Energy's Executive Chairman said "The production of yellowcake is a true milestone for Aura Energy's push to achieve producer status. To achieve yellowcake production from our site in the Sahara Desert has required commitment and stamina from our dedicated technical team. This yellowcake production is a key part of the Tiris DFS and will assist in marketing studies and progression of our financing discussions."

Figure 1: UO₄ Yellowcake product from the Tiris samples

Figure 2:  UO₄ Yellowcake precipitation test

For more information please visit www.auraenergy.com.au or contact the following: