• Aurania closed option agreement with St-Georges Eco-Mining, working with its unit Iceland Resources to advance Thor epithermal gold project in Iceland toward an initial modern resource definition.
• Deal gives Aurania option to earn 70% interest by spending USD 5 million on exploration over four years.
• Aurania issued 988,359 common shares to St-Georges at deemed price CAD 0.21 per share, valuing consideration at CAD 204,375.
• On completion, St-Georges can keep 30% via joint venture or take up to 3% net smelter return royalty; Aurania can buy back 1% for USD 1.5 million before one-year anniversary of commercial production.
• If St-Georges takes royalty, Aurania can move to 100% by spending additional USD 2 million on exploration by year five.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Aurania Resources Ltd. published the original content used to generate this news brief on May 08, 2026, and is solely responsible for the information contained therein.