Aureus Mining Inc. (TSX:AUE) agreed to acquire Sarama Investments Liberia Limited from Sarama Resources Limited (TSXV:SWA) for CAD 0.9 million on November 3, 2015. Aureus Mining Inc. (TSX:AUE) will issue 2.6 million shares as a consideration. The acquisition is subject to a number of conditions precedent, including receipt of all required governmental and regulatory approvals, including the approval of the Toronto Stock Exchange to the issue of the common Aureus shares. The shares issued to Sarama will be subject to the statutory four month hold period from the date of issue. Aureus Mining Inc will acquire The Cape Mount, Cape Mount West and Cape Mount East licences as a result of this acquisition. Sarama will retain an uncapped 1% net smelter return royalty on gold produced from the Cape Mount Permit. As of December 21, 2015, Aureus Mining increased the number of consideration shares to 6.7 million. John Prior, James Black & Paul Gillam of Numis Securities Limited acted as the nominated financial adviser and Joint Broker for Aureus Mining, Inc. Richard Greenfield of GMP Securities Europe LLP acted as the joint broker for Aureus Mining, Inc. Bobby Morse and Anna Michniewicz of Buchanan acted as public relations advisors to Aureus.

Aureus Mining Inc. (TSX:AUE) completed the acquisition of Sarama Investments Liberia Limited from Sarama Resources Limited (TSXV:SWA) on January 6, 2016.