SOURCE: Aura Minerals Inc.

Aura Minerals Inc.

September 26, 2016 17:00 ET

Aura Minerals Announces Appointment of New Chief Financial Officer

TORONTO, ON--(Marketwired - September 26, 2016) - Aura Minerals Inc. (the "Company") (TSX: ORA) confirms the appointment of Rodrigo Barbosa as Chief Financial Officer ("CFO").

Mr. Barbosa was previously the CEO of Tavex / Santista, a world-leading integrated manufacturer of denim with worldwide operations including Brazil, Mexico and the US. During his tenure at Tavex / Santista, Mr. Barbosa led a successful strategic, finance, marketing and operations turnaround. Prior to Tavex / Santista, Mr. Barbosa was the CFO of the investment holding company of Camargo Correa Group, one of the largest conglomerates in Brazil and parent company of Tavex / Santista. As CFO he spearheaded M&A transactions totaling over USD$3.0 billion and structured and placed over USD$2.5 billion in debt. Mr. Barbosa has served as a board member of leading public infrastructure companies in Brazil and worked as an investment banker for BBA Creditanstalt in Brazil (now Itaú Bank). In North America, Mr. Barbosa has previously worked for Potash Corporation.

Mr. Barbosa has an MBA from the University of Southern California (USC) and a Bachelor of Mechanical Engineering from the Universidade Mackenzie (Sao Paulo, Brazil). He is fluent in Portuguese, Spanish and English and will join the Company on or about October 3rd.

Commenting on this appointment, Jim Bannantine, President and CEO, stated, "We are extremely pleased to be able to attract a person of Rodrigo's caliber and demonstrated experience to our team. His strategic finance and operational turnaround expertise will be of great benefit as we continue to advance the Ernesto / Pau-a-Pique Project and focus our continued excellence programs at our other sites. I would like to thank Rory again for his immense contributions to the Company's growth, fundraising during a difficult period in the mining industry, and efforts in reorganizing the finance group and wish him every success in the future. Although it was previously intended for Rory to remain with the Company through the 2016 financial year-end process, our search for a replacement has been concluded quicker than anticipated. Rory has agreed to act as a consultant to the Company through the required transition process."

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For further information, please visit Aura Minerals' web site at www.auraminerals.com.

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