Aura Silver's Greyhound Project Returns Positive Results from the 2014 Exploration Program

Exploration to Continue in Spring of 2015 - Seite 2

The 2014 prospecting campaign supports the Company's conclusion that drill targets for gold and silver exist close to Aura Lake while gold/copper targets are present in the Dingo area (see press release of February 28, 2014, entitled "Coincident Geochemical and Geophysical Data Pinpoint Drill Targets, Greyhound, NU").

As reported by Laurie E. Reed Geophysical Consultant Inc., "correlations between the geochemistry and various geophysical data suggest support for the possible identification of gold and silver deposits at Aura Lake and discovery of a gold and copper deposit at Dingo". This report may be accessed at the Company's web-site www.aurasilver.com under the section "Projects / Canada".

Agnico Eagle's 2014 diamond drilling program consisted of 7 holes (894 metres) and tested various structural and conductive targets across the property. Sulphide mineralization in the order of 2-10% pyrite over widths of up to 80 metres was intersected in all of the holes with semi-massive chalcopyrite and bornite being identified in at least one hole. The area hosting the chalcopyrite (copper) mineralization was found at the Dingo zone, northeast of Aura Lake. The other holes were targeted at geological structural targets and did not intersect interesting precious metal values.

The spring 2015 drilling program will be based on these most recent results combined with past geochemical work, both organic and inorganic, and geophysics work previously conducted on the property by the Company. This past summer's activities have confirmed the presence of anomalous to high-grade auriferous targets as well as silver and base metal (copper and lead) targets. Additionally, a till sampling program is contemplated to better define glacial dispersion orientation.

About Greyhound

Greyhound is situated approximately thirty eight kilometres northwest of Baker Lake and straddles an all-weather road from Baker Lake to Agnico Eagle's Meadowbank mine thirty two kilometers further to the north. This road provides excellent access to develop the potential of the Greyhound property. Aura Silver has conducted extensive geochemical (soil, outcrop and boulder sampling) and geophysical surveys (both airborne and ground-based) during past exploration campaigns which we believe have identified the potential source of high-grade gold and silver mineralization found on surface.