Aura Announces Postponement of Plans for Initial Public Offering and Listing in Brazil Amid COVID-19 Impact

ROAD TOWN, British Virgin Islands, March 24, 2020 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA) ("Aura" or the "Company") announces that, in light of current market conditions arising as a result of COVID-19, the Company has decided to postpone its initial public offering in Brazil and concurrent listing of Brazilian depositary receipts on B3 S.A. ? Brasil, Bolsa, Balcão (collectively, the "Offering"), which was announced on March 3, 2020. The Company will reassess the market conditions in the second half of 2020 and will keep the market informed.

Forward-Looking Information

This press release contains "forward-looking information" and "forward-looking statements", as defined in applicable securities laws (collectively, "forward-looking statements") which include, but are not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Statements containing forward-looking information in this press release may include, among other things, statements relating to the Company's completion of the Offering.

Known and unknown risks, uncertainties and other factors, many of which are beyond the Company's ability to predict or control, could cause actual results to differ materially from those contained in the forward-looking statements. Specific reference is made to the most recent Annual Information Form on file with certain Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements.

All forward-looking statements herein are qualified by this cautionary statement. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements whether as a result of new information or future events or otherwise, except as may be required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.

About Aura 360° Mining

Aura is focused on mining in complete terms ? thinking holistically about how its business impacts and benefits every one of our stakeholders: our company, our shareholders, our employees, and the countries and communities we serve. We call this 360° Mining.

Aura is a mid-tier gold and copper production company focused on the development and operation of gold and base metal projects in the Americas. The Company's producing assets include the San Andres gold mine in Honduras, the Ernesto/Pau-a -Pique gold mine in Brazil and the Aranzazu copper-gold-silver mine in Mexico. In addition, the Company has two additional gold projects in Brazil, Almas and Matupá, and one gold project in Colombia, Tolda Fria.

For further information, please visit Aura's website at www.auraminerals.com or contact:

Rodrigo Barbosa                      
President & CEO                      
305-239-9332