Aura Minerals Announces Normal Course Issuer Bid and Concurrent Buyback Program for Brazilian Depositary Receipts - Seite 2

Purchases of Common Shares under the NCIB are expected to be made by Scotia Capital Inc. through the facilities of the TSX and/or through alternative trading systems in Canada, if eligible, at prevailing market prices. Common Shares purchased by the Company under the NCIB will be canceled or held as treasury shares; provided that the conditions set forth in the Company's constating documents are satisfied.

The Company may enter into an automatic share purchase plan (an "ASPP") with a designated broker to allow for the purchase of Common Shares under the NCIB at times when the Company would ordinarily not be permitted to purchase shares due to regulatory restrictions or self-imposed blackout periods.

BDR Buyback Program

Aura Minerals intends to concurrently launch a buyback program for its BDRs which are listed on the B3. Each BDR represents one Common Share. Under the BDR Buyback Program, the Company may purchase from time to time over 12 months, up to an aggregate of 2,261,426 BDRs (less the number of Common Shares purchased under the NCIB discussed above), representing 10% of the “public float” (within the meaning of the rules of the TSX) as of March 6, 2024. Purchases of BDRs under the BDR Buyback Program are expected to be made by BTG Pactual Corretora de Títulos e Valores Mobiliários S.A. through the facilities of the B3.

The BDR Buyback Program is not intended to (i) discontinue the Company's BDR program, or (ii) cancel the Company's registration with CVM as a foreign issuer registered as a category "A" publicly-held company.

As of March 6, 2024, the Company had 72,237,003 issued and outstanding common shares and a "public float" (within the meaning of the rules of the TSX) of 22,614,260 Common Shares. The Company believes that the purchases are in the best interest of the Company and constitute a desirable use of its funds.

The limit for purchases under the NCIB and the BDR Buyback Program is a combined aggregate limit of 2,261,426 Common Shares, or 10% of the “public float” of March 6, 2024.

The Company's filings can also be accessed on SEDAR+ www.sedarplus.com, at CVM at www.gov.br/cvm and at B3 at www.b3.com.br.

Forward-Looking Information

This press release contains "forward-looking information" and "forward-looking statements", as defined in applicable Canadian securities laws (collectively, "forward-looking statements") which include, but are not limited to, the Company's intention to commence the NCIB and the BDR Buyback Program, respectively, the Company's intention regarding a potential ASPP, and the timing and quantity of any purchase of Common Shares or BDRs under the NCIB and the BDR Buyback Program, respectively. Often, but not always, forward-looking statements can be identified by the use of words and phrases such as "plans," "expects," "is expected," "budget," "scheduled," "estimates," "forecasts," "intends," "anticipates," or "believes" or variations (including negative variations) of such words and phrases, or state that certain actions, events or results "may," "could," "would," "might" or "will" be taken, occur or be achieved.