Aura Amends Dividend Policy to Quarterly Payments, and Declares Dividend of US$0.24 Per Share Based on Q3 2024 Results; BDR holders will receive R$ 0.08 per BDR

ROAD TOWN, British Virgin Islands, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (TSX: ORA, B3: AURA33 and OTCQX: ORAAF) (“Aura” or the “Company”) has approved an amendment to its dividend policy (“Dividend Policy”), with the intention of declaring and paying dividends on a quarterly basis. Under the Dividend Policy, the Company will determine quarterly cash dividends in an aggregate amount equal to 20% of its reported Adjusted EBITDA¹ for the relevant three months less sustaining capital expenditures and exploration capital expenditures for the same period.

Dividends are expected to be declared four times per year, starting in Q4 2024, based on the reported results and capital expenditures for the applicable three-month period, with a record date that is no less than seven business day after the date of the press release announcing the financial statements and Management's Discussion and Analysis (“MD&A”) of each calendar quarter. Dividends are expected to be declared four times per year, starting in being declared in Q4 2024, according to the Q3 2024 results, based on the reported results and capital expenditures for the applicable three-month period, with a record date that is no less than seven business day after the date of the press release announcing the financial statements and Management's Discussion and Analysis (“MD&A”) of each calendar quarter. As such, any dividend payable under the Dividend Policy will be declared together or soon after the press release announcing the financial statements and MD&A of each calendar quarter¹.

In addition to the amended Dividend Policy, the Board has declared and approved the payment of a dividend (the “Dividend”) of US$0.24 per common share (approximately US$17.4 million in total). The Dividend is in respect of and is based on Aura’s financial results for the three months ending September 30, 2024. This payment is above the minimum foreseen in the Company’s Dividend Policy.

The Dividend will be paid in US dollars on December 2, 2024, to shareholders of record as of the close of business on November 15, 2024 (“Record Date”).

Holders of the Company’s Brazilian Depositary Receipts as of Record Date will receive US$0.08 per BDR (since 1 Aura share is equivalent to 3 BDRs) and are expected to receive payment by December 18, 2024, and will receive the Brazilian Reais equivalent of the Dividend, based on a market exchange rate to be disclosed in a future Press Release, in advance of its payment date.