Up to 103 Grams Au per Tonne

Manotick, Ontario--(Newsfile Corp. - February 5, 2018) - Aura Silver Resources Inc. (TSXV: AUU) ("Aura Silver" or the "Company") is pleased to report that grab sample assays for 2017 have been completed for the Greyhound property located in Nunavut, Canada. This project has been optioned to and operated by Agnico Eagle Mines Limited ("Agnico Eagle") since 2014. The following sections discuss the prospecting results from 2017 field work as well as the more significant surface results sampled by Agnico Eagle since the inception of the option agreement on June 1, 2014.

Northwest Aura Lake Overview

The 2017 rock sampling program, as shown on map 1, was conducted on a small area to the northwest of Aura Lake and confirmed the presence of the gold anomaly found in previous prospecting campaigns. Samples taken in this area have returned anomalous Au values with one sample returning 2.1 ppm Au and two samples returning 0.55 ppm and 0.59 ppm Au respectively. An iron formation has been mapped in the area which has been affected by the presence of a major fold hinge and faulting. This is highly encouraging for the program going forward. This northwest zone deserves more work during 2018 such as, detailed mapping and an Induced Polarization geophysical survey, followed by drilling if warranted.

Map 1: Grab Samples Northwest of Aura Lake