Ann: Strategic Land Purchase at Irvine Project, page-2

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HIGHLIGHTS
Aureka secures agreement on 97 hectares of land surrounding its Irvine Projectin the Stawell CorridorLand purchase confirms
Aureka’s confidence in the Irvine Project and provideslong term security of access, reduced cost of exploration and allows flexibility
in deciding future infrastructure locations$2.2m of mortgageable land acquired at market value, by Aureka or itsnominees on
delayed settlement termsPurchase will not significantly impact Aureka’s cash balance Land Purchase Underpins Project Future

Aureka Limited (ASX: AKA, “Aureka”, “the Company”) is pleased to announce the acquisition of 97 hectaresof land strategically
encompassing its primary exploration tenements at the Irvine project in the StawellGold Corridor. This decisive move ensures
uninterrupted access to the Company's established JORCresource of 304,000 ounces, its substantial exploration target of
280,000 to 420,000 ounces, and vitalexploration areas.

The purchase agreements shows Aureka’s confidence in the Irvine Project as one of Victoria’s largestundeveloped gold resource projects,
and means a permanent presence on-site, flexibility in drillprograms and provides for future infrastructure options.
Overall, it will increase efficiencies as theexploration team uncover the full potential of the Resolution and Adventure lodes
that comprise theIrvine Project.