Aurania Commences Phase I Drilling At Mont Chemin

Toronto, Ontario--(Newsfile Corp. - May 27, 2013) - Aurania Resources Ltd. (TSXV: AOZ) is pleased to report that it has commenced an approximately 1500 metre Phase I diamond drilling campaign at the Mont Chemin gold-silver prospect in Valais, SW Switzerland. Geonor Servicios Téchnicos S.L. of Galicia, Spain are contracted for the drilling. The campaign is designed to test several gold-bearing zones in outcrop for their depth extent, and to sample several subsurface induced polarization (I.P.) geophysical anomalies.

Gold mineralization at Mont Chemin is hosted within a felsic porphyry-hosted system, possibly Permian in age, with spatially associated fluorite veining and disseminated scheelite mineralization. Mineralization is located in the apical or cupola zone of a granite porphyry which up-dip transitions from a typical granite to a coarsely porphyritic albite facies. Native gold has been found in outcrop with sphalerite, galena, pyrite and tetrahedrite, within zones of very coarse prismatic quartz crystals and fluid brecciation. The best channel samples from the Goilly quartz zone have returned between 12.05 to 40.7 g Au/t over channel sample lengths of 90 cm and 55 cm, respectively, and 88.3 to 248 ppm Ag. Samples from the 15-cm ferruginous layer in the hangingwall contain 0.74 to 2.88 ppm Au, and 77.7 to 387 g Ag/t (ppm) as previously disclosed.

Aurania Resources Ltd. recently completed its initial public offering and is sufficiently funded to carry out this initial diamond drill programme at Mont Chemin. President and CEO, Dr. Keith Barron says, "I am thrilled that we have been able to mobilize the drill on site and commence the work. This is the culmination of what has been a 5-year exploration effort to date. Switzerland has not had a gold producer for over 100 years, and this drill campaign is both timely and warranted."

The technical information contained in this news release has been reviewed by Aurania's Chief Geologist, Jean-Paul Pallier, a ‘qualified person' for the purpose of National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

For further information please contact:

CAUTIONARY STATEMENT: Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, Aurania's objectives, goals or future plans, potential mineralization, exploration and mine development plans, timing of the commencement of operations, estimates of market conditions and the estimated timing and cost of the exploration of the Mont Chemin, Marécottes and Siviez projects. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to failure to convert estimated mineral resources to reserves, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining of failures to obtain required governmental, environmental or other project approvals, political risks, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, changes in exchange rates, fluctuations in commodity prices, delays in the developments of the company’s projects and those risks set out in Aurania's public documents filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Aurania disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.