Acquisition of Iron Maiden Gold Project

• Strategic Acquisition: Auric to acquire 100% of the share capital of Boomerang Mining Capital Pty Ltd (BMC) for A$1.0 million cash.
• Expanded Gold Portfolio: Project contains historical Mineral Resources of 1.4Mt @ 1.5 g/t Au for 68,500 ounces of gold.
• Shallow Mineralisation: ~75% of the historical resource sits within 50 metres of surface.
• Immediate Exploration Upside: Project is situated north of Sinclair Gold's Mt Henry field.
• Low-cost Acquisition: Initial consideration is A$1.0 million cash payable on completion.

Auric Mining Limited (ASX: AWJ) has announced the acquisition of the Iron Maiden Gold Project from Boomerang Mining Capital Pty Ltd. The acquisition is expected to provide Auric with a significant addition to its gold portfolio, with the Project containing historical Mineral Resources of 1.4 million tonnes at 1.5 grams per tonne gold, totaling 68,500 ounces of gold. The Iron Maiden Gold Project is strategically located 5km south of Norseman, Western Australia, and approximately 180km from Auric's Burbanks processing facility. The acquisition is subject to due diligence and completion of certain conditions, including a cash payment of A$1.0 million and reimbursement of A$3.0 million in loan funds used by BMC to acquire the Project. Auric plans to conduct further validation of the historical drilling database, infill drilling, and step-out drilling to assess the Project for potential production.