MARCH 2018 AUU-TSX-V 1

MARCH 2018 AUU-TSX-V 1

Forward Looking Statements Statements made in this presentation, including the Company s objectives, projections, outlook, estimates, expectations or predictions, contain forward-looking information and statements within applicable Canadian and US securities laws. Aura Silver cautions that such information involve risk and uncertainty and that actual results could differ materially from those contained in them. In addition, certain material factors or assumptions were applied in drawing the conclusions or making the forecasts or projections contained in them. Additional information about the material factors that could cause the results to differ materially, and the material factors or assumptions that were applied, are contained in Aura s press releases, current financial statements and MD&A, all of which are available on SEDAR https://www.sedar.com AUU-TSX-V 2

Directors & Officers Nick Tintor, Chairman & Director Professional Geologist, B.Sc. Robert Boaz, President, CEO & Director Finance, MA, B.A. Dr. J. M. Franklin, Independent Director Professional Geologist, PhD., P.Geo. Bill Boberg, Independent Director Professional Geologist, M.Sc., P.Geo. John McNeice, Chief Financial Officer Chartered Accountant, B. Comm. Technical Consultants Patrick Toth, B.Sc. P.Geo Consulting Geologist., Q.P. Paul Pitman, B.Sc. General Manager, Canada & USA Consulting Geologist AUU-TSX-V 3

Capital Structure (unaudited as at Feb. 28, 2018) Listed on the TSX Venture Exchange Outstanding 128,116,558 Warrants 25,436,714 Options 8,850,000 Compensation options and warrants 632,618 Fully Diluted 162,984,890 AUU-TSX-V 4

North American Projects Greyhound Project CANADA MEXICO Taviche Project AUU-TSX-V 5

Location Map Nunavut, Canada AUU-TSX-V 6

Property Map Claims Area(ha) Aura Lake K01191 1045 K01195 1045 K01196 1045 K01198 1045 K01199 1045 K01200 1045 K10896 1045 K10895 1045 K10897 1045 K01192 1045 K01193 1045 K01194 1045 K01197 1045 F94243 1045 F94244 1045 AUU-TSX-V 7

Agreement with Agnico Eagle signed a 3-year option agreement with Aura Silver in June, 2014 to earn a 51% interest in the Greyhound project by making a total of $1.75 million in exploration and cash option payments of $210,000 by 2017. This has been accomplished. The arrangement currently stands as a J.V. where AUU may maintain it s interest. AUU-TSX-V 8

Regional Environmental Setting Meadowbank Mine AUU-TSX-V 9

Access AUU-TSX-V 10

Prospecting Significant Rock Assays Road to Meadowbank Mine AUU-TSX-V 11

Greyhound Gold Target & Organic-Geochemistry VTEM Plan View Organic-Geochemistry Gold Pathfinder Class Map Hole 15-017 Drill Targets Drill Target Results of the organic-geochemical work illustrate nested-halo anomalies that have outstanding symmetry and a confidence rating of 6.0 out of 6.0 the highest rating ever recorded by Actlabs. In 2015 Agnico tested a portion of this anomaly intersecting 6.41g/t gold over the last 1.5meters of drill core (Hole GHD 15-017) AUU-TSX-V 12

Greyhound Untested Silver Drill Targets silver Plan View Organic Geochemistry Silver Pathfinder Class Map (two identifiable and strong nested-halo anomalies) AUU-TSX-V 13

2018 Exploration Continues at Greyhound Agnico Eagle, as operator recommends additional drilling and other work in 2018. Budget not yet confirmed AUU-TSX-V 14

Taviche Property, Mexico 500 km Oaxaca State AUU-TSX-V 15

Mexican Provinces for Epithermal Gold AUU-TSX-V 16

Taviche District A Rich Mining Legacy and Mexico s First Silver District The district is well documented as one of the most prolific mining areas in Mexico for silver and gold during the late 1800s and early 1900s An extensive historic underground silver and gold mining history is recorded on the property - over 60 mines are on record. The mining district extends over an area of 500 sq km. Most mines reached only shallow depths AUU-TSX-V 17

Higo Blanco Exploration Model Target Area AUU-TSX-V 18

Higo Blanco Jasperoid Trend & Land Map 3.5 km by up to 0.5 km in Width (see slide 24) AUU-TSX-V 19

Mezcal Drilling Area for Resource Definition NI 43-101 Compliant AUU-TSX-V 20

Identified Resource Silver/Gold INFERRED RESOURCE A NI-43-101 report provides estimates of an inferred silver resource of 865,000 tonnes at a grade of 119 g/t (3.3 million ounces of contained silver) and an inferred gold resource of 3.3 million tonnes at a grade of 0.51 g/t (54,000 ounces of contained gold). MINERAL RESOURCE POTENTIAL** Additionally, the "Mineral Potential" located near or within its seven kilometre-long by 300 metre-wide Higo Blanco jasperoid-altered area on the East Taviche and Alma Delia concessions was estimated to be between 6.0 million and up to 29.0 million ounces of silver (2 to 6 million tonnes at a grade of 100 to 150 g/t) and between 108,000 and up to 450,000 ounces of gold (10 to 20 million tonnes at a grade of 0.4 to 0.7 g/t. The potential quantity and grade is conceptual in nature, there has been insufficient exploration to date to define this as a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource **"Taviche Project, Resource Estimate and Preliminary Economic Assessment for the Higo Blanco Project" by Geoffrey S. Carter, P. Eng. of Broad Oak Associates (dated September 28, 2011) AUU-TSX-V 21

Significant Drill Assays (silver equivalents)* 12.1 Meters 533 g/t Silver Equivalent (HBET 03) 11.6 Meters 166.3 g/t Silver Equivalent (HBET 02) 36.6 Meters 303.9 g/t Silver Equivalent (HBET 16) 29.55 Meters - 0.50 g/t Gold (HBET - 01) 9.80 Meters - 0.87 g/t Gold (HBET - 02) 14.10 Meters - 0.54 g/t Gold (HBET - 03) 8.95 Meters - 0.50 g/t Gold (HBET - 11) 10.55 Meters - 0.51 g/t Gold (HBET - 15) 15.50 Meters - 0.69 g/t Gold (HBET - 22) 8.35 Meters - 2.05 g/t Gold (HBET - 24) 22.00 Meters - 0.54 g/t Gold (HBET - 26) 23.15 Meters - 0.85 g/t Gold (HBET - 27) * Defined as silver grade plus 60x gold grade AUU-TSX-V 22

Gold/Silver Organic Chemistry Redox Cells Analysed by ActLabs Redox Zone 3 Redox Zone 2 Redox Zone 1 Interpretation The four major drill targets labelled Redox Zones and marked with a star ( ) are the highest priority drill targets which may be considered the potential source of the current gold and silver inferred resource on the property. The 4 light blue oval areas (defined as secondary drill targets) represent the most confident locations of the vertical projection of the shallowest gold and/or silver mineralization in depth from surface. KNOWN RESOURCE Primary Drill Target Redox Zone 4 AUU-TSX-V 23 1-4 Secondary Drill Targets 23

Secured Social License to Work at San Pedro Friendly population, most of whom survive through subsistence agriculture AUU-TSX-V 24

Investment Considerations FOCUS ON SILVER & GOLD MINING-FRIENDLY NORTH AMERICA SILVER/GOLD RESOURCE IN MEXICO AGNICO EAGLE MINES AS PARTNER IN CANADA AUU-TSX-V 25