Offer for Moroccan Minerals Ltd

UPDATE ON OFFER TO ACQUIRE MOROCCAN MINERALS LTD

22 February 2016

AURASIAN Minerals plc ("Aurasian" or the "Company") is pleased to announce that, further to the announcement made on 18 January 2016, Aurasian has received acceptances from shareholders of Moroccan Minerals Limited ("MML") ("MML Shareholders") representing 64.8% of the outstanding shares of MML in relation to the offer from Aurasian (the "Offer") for the acquisition of all of the outstanding shares of MML. MML and Aurasian have agreed to keep the Offer open until 11 March 2016 in order to give the remaining MML Shareholders the opportunity to return their votes.

As the Offer was conditional on receiving acceptances from at least 51% of the outstanding shares of MML the Offer is now unconditional and the Company will make a further announcement once the final votes have been received and the acquisition has been completed. For further information on MML and the terms of the acquisition please refer to the announcement released on 18 January 2016.

For further information please contact:

Aurasian Minerals Plc

Peter Mullens (CEO) [email protected]

finnCap Limited - Nominated adviser

Christopher Raggett / Scott Mathieson +44 (0)20 7220 0500

ABOUT AURASIAN MINERALS

Aurasian Minerals PLC is an AIM listed junior exploration company exploring for copper and gold. Aurasian has an experienced board and technical team headed up by Chris Goss previously leader in project finance for emerging markets for the IFC, International Finance Corporation. The company is well funded in a difficult market with approximately GBP 1,000,000 in the bank.

For further information please contact Peter Mullens CEO of Aurasian Minerals.