Gold Aura Limited (�GOA�) has been granted a waiver by the Australian Securities Exchange (�ASX�) from ASX Listing Rule 6.24 to the extent necessary to permit GOA not to send the notices required by paragraph 6.1 of Appendix 6A in relation to 50,018,718 quoted options (ASX Code: GOAO) exercisable at $0.13 each on or before 31 March 2009 (the �Options�).

Accordingly option expiry notices will not be sent to the holders of the Options.

As required by ASX, the following information is provided:

1. The Options expire at 5.00 pm (EST) on Tuesday, 31 March.

2. The exercise price of the Options is $0.13 per option.

3. The due date for payment of the exercise price of the Options is 31 March 2009.

4. The consequence of non-payment of the option exercise price is that shares cannot be issued to the option holder. If the exercise price is not paid on or before the option exercise date the options will lapse and carry no further rights.

5. Quotation of the Options on ASX will end on Tuesday, 24 March 2009.

6. The latest available market price for the underlying securities, being fully paid ordinary shares in GOA (ASX Code: �GOA�), is $0.007 at close of trading on Monday, 2 March 2009.

7. The highest market price of fully paid ordinary shares in GOA during the 3 months before the date of this announcement was $0.015 on 10 February 2009; the lowest market price of fully paid ordinary shares in GOA during the 3 months before the date of this announcement was $0.005 on 23, 27, 28, 29 and 30 January 2009 and 2 February 2009.

8. There is no underwriting agreement in respect of the Options.

If the market price of the Company�s fully paid ordinary shares exceeds $0.0975 before 31 March 2009 the Company will immediately send an option expiry notice to each holder of Options.

Gold Aura�s principal activity is the global exploration for world class mineral resources. Its current focus is directed towards follow-up investigations of the newly discovered polymetallic mineralised zones at Croydon, North Queensland, the BacTech funded exploration program at Fergusson Island in PNG and the commencement of exploration at Sao Chico in Brazil.

For further information please contact;
Ken Chapple,
Managing Director
Mb 0418 758 301
or visit Gold Aura's website at www.goldaura.com.au.