Results for the year ended 31 March 2015

12th June 2015

Aurasian Minerals plc

(the "Company" or "AUM")

RESULTS FOR THE YEAR ENDED 31ST MARCH 2015

AUM, the AIM listed gold exploration company focussed on South East Asia, today announces its results for the year ended 31st March 2015.

Bruce Kay, Chairman of AUM commented:

"The past year has seen the continued transformation of Aurasian Minerals plc to implement a new strategy for the search for mineral deposits in SE Asia, using the services and contacts of three highly experienced former Newmont, Normandy and Anglo American staff.

Positive progress has been made in identifying prospective zones in Lao PDR and Myanmar following a full analysis of available data including that obtained from Newmont. Areas have been selected in Myanmar and three Exploration Permits totalling 1,900 sq.kms. have been lodged. In Lao PDR, data analysis and field sampling have highlighted prospective areas and a joint venture has been signed with Sahamit to progress the exploration programme.

The SE Asia project has confirmed the prospectivity of the region and the objective in the coming year will be to secure an advanced project for AUM either by business development activities or achieving significant progress on the identified areas."

For further information, please contact:

Aurasian Minerals Plc

Bruce Kay [email protected]

finnCap Limited +44 (0) 20 7220 0500

Christopher Raggett / Scott Mathieson

Chairman's Statement & Strategic Report

The past year has seen the continued transformation of the Company to implement a new strategy for the discovery of mineral deposits in SE Asia.

This strategy will utilise people, contacts and technology that have been highly successful in SE Asia and have led to important gold and copper discoveries in Indonesia, Lao PDR and the Philippines. We have engaged the services of three highly experienced former Newmont, Normandy and Anglo American staff and they have made good progress in identifying prospective zones in Lao PDR and Myanmar. This has been done in cooperation with Newmont which has provided access to its databases and to its proprietary very high resolution Bulk Leach Extractable Gold ("BLEG") technology which has been instrumental in making many copper and gold discoveries worldwide. Our technical capability has been further strengthened by the appointment of Tim Coughlin as a Non-Executive Director. Tim has an excellent track record in exploration and discovery in small companies and he is already providing input to our search for projects that will enhance shareholder value.

The executive team, based in Australia and Philippines, has completed a thorough review of Myanmar and Lao PDR and has identified large areas that are considered to be prospective for copper and gold deposits. We have also reviewed opportunities for the acquisition of advanced projects in SE Asia although none have yet satisfied our criteria. Our geological review of Cambodia and Malaysia suggests that they are of lower priority at this stage.

Areas have been selected in Myanmar and three Exploration Permits totalling 1,900 sq.kms. have been lodged. We expect that the approval process will initially be slow because of Provincial issues the national political transition and the ongoing revision of the Myanmar Mines Law. Myanmar lies on the northern extension of the Indonesian Sumatra volcanic arc that hosts multiple large epithermal gold and porphyry copper and gold deposits. In Lao PDR, field visits have been made to several areas and investigations are continuing towards ground acquisition and the Company has recently announced the formation of a joint venture with a Lao PDR investment partner.

The Board believes that the new team will have a competitive advantage in locating mineral deposits in SE Asia by utilising their extensive experience and contacts in the region in combination with Newmont's technology and support. The Board and management will also use their previous contacts to build investor support for the Company as it pursues its key objective of a value enhancing project.

In summary, we believe that SE Asia is still one of the most prospective and under-explored mineral environments worldwide and we are well placed to benefit from this potential.

The environment for small mining and exploration companies has been difficult for several years but there is still investor support for companies with good management, clear strategies and the right project. The Aurasian executive team of Jonathan Loraine (VP New Business Development) and Paddy Waters (VP Exploration) are well equipped to identify and pursue growth projects in SE Asia and will be well backed by the non-executive Board.

Shareholders should realise however that it can often take considerable time to access or generate the good projects and the team will face stiff competition from other companies as well as the challenges of working in the targeted countries.

In spite of these challenges, your Board and Management remain committed to adding value for the benefit of all shareholders and look forward to the future and the opportunities that it will bring.

In addition to our ventures in SE Asia we also have, at present, an interest in the following projects:

Papua New Guinea: Wamum

As advised previously, a contract has been signed to sell the Aurasian 12.14% contributing interest in the Wamum project to Newcrest for US$750,000, subject to final transfer and approval by the PNG government.

Papua New Guinea: Manus Island

Attempts to secure a buyer for our interest in this project failed and the project licences have accordingly been relinquished.

Vietnam: Pu Sam Cap

We hold a 10% undilutable free-carried non-contributing interest through to the commencement of commercial production in the Pu Sam Cap project in joint venture with the Vietnamese Government (30%) and Mr Bill Howell (60%). No significant progress was reported from the project during the 2014/15 year.

Results

The Group made a consolidated net loss for the year of £417,000 (2014: loss of £821,000). The Directors do not recommend the payment of a dividend (2014: nil).

At the end of the financial year, the interest in Wamum was valued at its market value of US$750,000.

Financial Position

The Board has prepared a budget to the end of the 2016 calendar year based on projected expenditures and considers that there are adequate financial resources for this period. New projects or developments may require additional funding. Aurasian will continue to take a cost-conscious approach to minimising expenditure while pursuing opportunities that can add shareholder value.

Composition of the Board

As reported previously, two Board members, Tony Shearer (Chairman) and Patrick Gorman retired during the year and were replaced by Bruce Kay (Chairman) and Tim Coughlin. Simon Bullock has also indicated he will not stand for re-election at the forthcoming AGM. On behalf of the Board we offer our thanks to Tony, Patrick and Simon for their service and support.

Concurrent with these changes our Advisory Board will no longer operate in a formal manner but individual consultants will still be available to help in the pursuit and evaluation of new opportunities.

Future Outlook

The key objective of the Company in the next twelve months is to secure a project that will create shareholder value. This project could be achieved by exploration of new tenements using the BLEG geochemical methodology or by acquisition or joint venture of a more advanced project. The Company will use all of its competitive advantage to achieve this objective but shareholders should be aware of the risks inherent at this stage of the exploration cycle. The Directors are cognisant of the need to preserve shareholders' funds during this activity but acknowledge that certain expenditure is required to pursue the opportunities.

I hope that you will be able to attend the Annual General Meeting on 10th July when my colleagues and I hope to meet you and to update you further.

Bruce Kay

Non-Executive Chairman

11th June 2015

Consolidated income statement

For the year ended 31 March 2015

Consolidated statement of comprehensive income

For the year ended 31 March 2015

Consolidated balance sheet

As at 31 March 2015

Consolidated statement of cash flows

For the year ended 31 March 2015

Consolidated statement of changes in equity

For the year ended 31 March 2015

Notes

1. Financial statements

The financial information set out in this preliminary announcement does not constitute statutory accounts within the meaning of Section 434 of the Companies Act 2006 for the year ended 31 March 2015 or for the years ended 31 March 2014, but is derived from those accounts. The financial statements for 2015 will be delivered to the Registrar of Companies prior to the Company's Annual General Meeting. The auditors have issued an unqualified report on the 2015 accounts.

2. Summary of significant accounting policies

a) Basis of preparation

This financial information has been prepared in accordance with International Financial Reporting Standards ("IFRS") as adopted by the European Union, and with those parts of the Companies Act 2006 applicable to companies reporting under IFRS.

This financial information incorporates the financial statements of the Company and entities controlled by the Company (its subsidiaries) made up to 31 March each year.

b) Intangible fixed assets

Deferred exploration and evaluation costs

Exploration and evaluation (E & E) expenditure costs comprise costs associated with the acquisition of mineral rights and mineral exploration, including those incurred through joint operations, and are capitalised as intangible assets pending determination of the technical and commercial feasibility of the project. They also include certain administrative costs that are allocated to the extent that those costs can be related directly to operational activities.

If an exploration project is deemed successful based on feasibility studies, the related expenditures are transferred to development and production (D & P) assets and amortised over the estimated life of the ore reserves on a unit of production basis. Where a project is abandoned or considered to be no longer economically viable, the related costs are written off in the income statement.

To date the Group has not progressed to the development and production stage in any areas of operation.

3. Dividends

The directors do not recommend the payment of a dividend (2014: nil).

4. Annual Report

The Annual Report will be available on the Company's website at www.aurasianminerals.com.

5. Annual General Meeting

The Company's Annual General Meeting will be held at the Gowlings (UK) LLP, 125 Old Broad Street, London, EC2N 1AR at 11:30am on Friday 10th July 2015.