Appendix 3B - Aura Energy

1 Appendix 3 BNew issue announcement+ See chapter 19 for defined 3B Page1 Rule , , , 3 BNew issue announcement,application for quotation of additional securitiesand agreementInformation or documents not available now must be given to ASX as soon as available. Information anddocuments given to ASX become ASX s property and may be made Origin: Appendix 5 Amended01/07/98,01/09/99,01/07/00, 30/09/01, 11/03/02,01/01/03,24/10/05,01/08/12,04/0 3/13 Name of entityAURA Energy LIMITEDABN62 115 927 681We (the entity) give ASX the following 1-All issuesYou must complete the relevant sections (attach sheets if there is not enough space).1+Class of+securities issued or tobe issuedFully paid ordinary sharesListed OptionsUnlistedOptions2 Number of+securities issued orto be issued (if known) ormaximum number which maybe issued20,381,170 options to acquire fully paid ordinaryshares (Placement Options)9,440,000fully paid ordinary shares (SPPS hares)4,720,000options (SPP Options)1,055,174 fully paid ordinary shares (ConsultantsShares)12,500,000options (Consultants Options)3 Principal terms of the+securities ( options,exercise price and expiry date; ifpartly paid+securities, theamount outstanding and duedates for payment.)

2 If+convertible securities, theconversion price and dates forconversion)SPP Shares:Fully Paid Ordinary SharesConsultants Shares:Fully paid ordinary sharesPlacement Options and SPP Options exercisableat $ on orbefore 17 June 2017 Consultants Options exercisable at $ orbefore 17 June 2018 (subject to raising $ 12 November 2015) Appendix 3 BNew issue announcement+ See chapter 19 for defined 3B Page204/03/20134Do the+securities rank equallyin all respects from the+issuedate with anexisting+classofquoted+securities?If the additional+securities donot rank equally, please state: the date from which they do the extent to which theyparticipate for the nextdividend, (in the case of atrust, distribution) orinterest payment the extent to which they donot rank equally, other thanin relation to the nextdividend, distribution orinterest paymentSPP Shares:YesConsultant Shares: YesShares issued on exercise of Placement Options,SPP Optionsand ConsultantOptionswillrankequally with existing Shares in all price or consideration-Placement Options: nil consideration as freeattaching to subscribers of 40,762,340 Sharesunder a placement to sophisticated andprofessional investors (Placement Shares).

3 -SPP Shares: issued at $ per share totalconsideration of $236, Shares issued at $ pershare total consideration of $30, Options: nil consideration as freeattaching to SPP Options:nil-inconsiderationfor advisory services6 Purpose of the issue(If issued as consideration forthe acquisition of assets, clearlyidentify those assets)-Placement Options: to be issued under theprospectus dated 1 May 2015(Prospectus)on the basis of onePlacement Option forevery two Placement Shares no Shares: issued under theProspectustogether with thefree attachingSPP Optionsto raiseup to$ Options issued for servicesunder a mandate with the the entity an+eligible entitythat has obtained securityholder approval under rule Yes, complete sections 6b 6hin relation to the+securities thesubject of this Appendix 3B, andcomply with section 6iNoAppendix 3 BNew issue announcement+ See chapter 19 for defined 3B Page36bThe date the security holderresolution under rule waspassedNot of+securities issuedwithout security holder approvalunder rule of+securities issuedwith security holder approvalunder rule of+securities issuedwith security holder approvalunder rule , or anotherspecific security holder approval(specify date of meeting)

4 10,495,174 Shares25,101,170 Listed Options12,500,000 Unlisted Options6fNumber of+securities issuedunder an exception in rule +securities issued under , was issue price at least 75%of 15 day VWAP as calculatedunder rule Include the+issue date and both the source of the applicable6hIf+securities were issued underrule for non-cashconsideration, state date onwhich valuation ofconsideration was released toASX Market AnnouncementsNot applicable6iCalculate the entity s remainingissue capacity under rule andrule complete Annexure 1and release to ASX MarketAnnouncementsRefer Annexure 17+Issue datesNote: The issue date may be prescribed byASX (refer to the definition of issue date inrule ). For example, the issue date for apro rata entitlement issue must comply withthe applicable timetable in Appendix reference: item 33 of Appendix 2015 Appendix 3 BNew issue announcement+ See chapter 19 for defined 3B Page404/03/2013 Number+Class8 Number and+class of all+securities quoted on ASX(includingthe+securities insection 2 if applicable)325,728,94225,101,170 Fully paid ordinaryshares (ASX Code.)

5 AEE)ListedOptionsexercisable at $ 17 June 2017 Number+Class9 Number and+class of all+securities not quoted on ASX(includingthe+securities insection 2 if applicable)570,000200,0002,250,0006,625, 0002,600,00026,214,29712,500,0008,750,00 06,250,0002,500,0008,750,0008,750,00045c options options options options options policy (in the case of atrust, distribution policy) on theincreased capital (interests)Not applicablePart 2-Pro rata issue11Is security holder approvalrequired?Not applicable12Is the issue renounceable or non-renounceable?Not applicable13 Ratio in which the+securitieswill be offeredNot applicableAppendix 3 BNew issue announcement+ See chapter 19 for defined 3B Page514+Class of+securities to which theoffer relatesNot applicable15+Record date to determineentitlementsNot applicable16 Will holdings on differentregisters (or subregisters) beaggregated for calculatingentitlements?

6 Not applicable17 Policy for deciding entitlementsin relation to fractionsNot applicable18 Names of countries in which theentity has security holders whowill not be sent newofferdocumentsNote: Security holders must betold how theirentitlements are to be dealt reference: rule applicable19 Closing date for receipt ofacceptances or renunciationsNot applicableAppendix 3 BNew issue announcement+ See chapter 19 for defined 3B Page604/03/201320 Names of any underwritersNot applicable21 Amount of any underwriting feeor commissionNot applicable22 Names of any brokers to theissueNot applicable23 Fee or commission payable to thebroker to the issueNot applicable24 Amount of any handling feepayable to brokers who lodgeacceptances or renunciations onbehalf of security holdersNot applicable25If the issue is contingent onsecurity holders approval, thedate of the meetingNot applicable26 Date entitlement and acceptanceform andoffer documentswill besent to persons entitledNot applicable27If the entity has issued options,and the terms entitle optionholders to participate onexercise.

7 The date on whichnotices will be sent to optionholdersNot applicable28 Date rights trading will begin (ifapplicable)Not applicable29 Date rights trading will end (ifapplicable)Not applicable30 How do security holders selltheir entitlementsin fullthrougha broker?Not applicable31 How do security holders sellpartof their entitlements through abrokerand accept for thebalance?Not applicableAppendix 3 BNew issue announcement+ See chapter 19 for defined 3B Page732 How do security holders disposeof their entitlements (except bysale through a broker)?Not applicable33+IssuedateNot applicablePart 3-Quotation of securitiesYou need only complete this section if you are applying for quotation of securities34 Type of+securities(tick one)(a)+Securities described in Part 1(b)All other+securitiesExample: restricted securities at the end of the escrowedperiod, partly paid securities that become fully paid,employee incentive share securities when restriction ends, securities issued on expiry or conversion of convertiblesecuritiesEntities that have ticked box 34(a)

8 Additional securities forming a new class of securitiesTick to indicate you are providing the information ordocuments35 If the+securities are+equity securities, the names of the 20 largest holders of theadditional+securities, and the number and percentage of additional+securitiesheld by those holders36 If the+securities are+equity securities, a distribution schedule of the additional+securities setting out the number of holders in the categories1-1,0001,001-5,0005,001-10,000 10,001-100,000100,001 and over37 A copy of any trust deed for the additional+securitiesAppendix 3 BNew issue announcement+ See chapter 19 for defined 3B Page804/03/2013 Entities that have ticked box 34(b)38 Number of+securities for which+quotation is soughtNot applicable39+Class of+securities for whichquotation is soughtNot applicable40Do the+securities rank equally inall respects from the+issuedatewith an existing+class of quoted+securities?

9 If the additional+securities do notrank equally, please state: the date from which they do the extent to which theyparticipate for the nextdividend, (in the case of atrust, distribution) or interestpayment the extent to which they donot rank equally, other than inrelation to the next dividend,distribution or interestpaymentNot applicable41 Reason for request for quotationnowExample: In the case of restricted securities, endof restriction period(if issued upon conversion ofanother+security, clearly identifythat other+security)Not applicableNumber+Class42 Number and+class of all+securities quoted on ASX(includingthe+securities in clause38)Not applicableAppendix 3 BNew issue announcement+ See chapter 19 for defined 3B Page9 Quotation agreement1+Quotation of our additional+securities is in ASX s absolute discretion. ASXmay quote the+securities on any conditions it warrant the following to ASX.

10 The issue of the+securities to be quoted complies with the law and isnot for an illegal purpose. There is no reason why those+securities should not be granted+quotation. An offer of the+securities for sale within 12 months after their issuewill not require disclosure under section 707(3)or section1012C(6)ofthe Corporations : An entity may need to obtain appropriate warranties fromsubscribers for the securities in order to beable to give this warranty Section 724 or section 1016E of the Corporations Act does not apply toany applications received by us in relation to any+securities to bequoted and that no-one has any right toreturn any+securities to bequoted under sections 737, 738 or 1016F of the Corporations Act at thetime that we request that the+securities be quoted. If we are a trust, we warrant that no person has the right to return the+securities to be quoted under section 1019B of the Corporations Actatthe time that we request that the+securities be will indemnify ASX to the fullest extent permitted by law in respect of anyclaim, action or expense arising from or connected with any breach of thewarranties in this give ASX the information and documents required by this form.