ROAD TOWN, British Virgin Islands, April 11, 2022 – Aura Minerals Inc. (TSX: ORA) (B3: AURA33) (“Aura” or the “Company”) is pleased to announce preliminary production results for the first quarter of 2022.

Aura achieved consolidated quarterly production of 61,041 gold equivalent ounces (“GEO”)[1] during the first quarter of 2022. Production was in line with management’s expectations, with another strong quarter at the Company’s Aranzazu mine and lower production at the Company’s EPP and San Andres mines due mine sequencing and preparation for higher production in the next quarters.

This compares to a production of 62,454 GEO in the same period of 2021 on same basis, excluding production from the Gold Road mine. Gold Road produced 4,328 GEO in the first quarter of 2021.

Aura’s full year production guidance for 2022 of between 260,000 and 290,000 GEO remains unchanged.

Rodrigo Barbosa, the Company’s President and CEO, noted, “In 2021, we increased production by 32% and achieved record annual production. In 2022, as expected, we started with lower production once we entered lower grades in EPP and San Andres combined with pit preparation for higher production to be achieved during the second semester of 2022.”

Production Volume

Preliminary GEO production volume for the three months ended March 31, 2022, when compared to the previous quarter and the same period of 2021 is shown below:

GEO produced
For the three
months ended
March 31,
2022

For the three
months ended
December 31,
2021
For the three
months ended
March 31,
2021

% change vs. Q4 2021 % change vs. Q1 2021

San Andres 18,402 26,652 21,082 -31% -13%
EPP Mines[2] 12,246 17,274 16,359 -29% -25%
Aranzazu 30,393 32,901 25,013 -8% 22%

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