18 September 2017

Market Announcements Platform ASX Limited

Exchange Centre 20 Bridge Street

Sydney NSW 2000

Drilling Commenced Tisová Co Au Cu Project - EU Czech Republic

Highlights

  • Four-hole, 1,500m Phase 1 diamond drilling commenced on Friday 15th of September at Tisová
  • First hole (TIDD002) will target a thick sulphide-rich portion of the orebody with mineralisation anticipated between 250m to 460m: final planned depth of ~500m
  • Each hole designed using recently completed 3D model to intersect thickest parts of sulphide-rich orebody
  • Best sampling results for Cobalt, Copper, Gold and Silver at Tisová:

o 0.69% Cobalt, 17.1% Copper, 3.7 ppm Gold and 178 ppm Silver

CEO Dr Andrew Tunks said,

"The new 3D geology model, built from a database that includes over 30km of underground workings and more than 200 drill holes, has allowed us to better understand the upside in the size and scale of Tisová and plan our drilling accordingly. The ore body is clearly significant in its potential and we look forward to drilling results and assay results over the coming few months."

Auroch Minerals ("Auroch" or "the Company"), a renewable energy focused exploration company, is pleased to advise shareholders that its initial diamond drilling program at the Tisová Mine in the Czech Republic has commenced.

Drilling Details

The 4 holes in Phase 1 are based on previous work at Tisová, which clearly defines the position, size and scale of this orebody. The Phase 1 program will comprise of four diamond drill holes for approximately 1,500m in total. Drilling is anticipated to take approximately 6-7 weeks; on a double shift basis.

Core will be cut and sampled onsite and then sent to ALS in Romania where they will be assayed for a multi-element suite by ICP-MS and precious metals by fire assay. Assay turnaround time is approximately 4 weeks.

Auroch Minerals Ltd ABN 91 148 966 545

1A, 1 Alvin St, Subiaco WA 6008 Phone: +61 8 9486 4036 Fax: + 61 8 9486 4799

PO Box 510 Subiaco WA 6904 Email: admin@aurochminerals.com.au www.aurochminerals.com.au

3 Licence applications

Tisová Licence

TIDD002

TIDD003

TIDD004

TIDD001

Figure 1- Tisová Licence showing historical collars in White and new planned drilling in red. The first four holes of Phase 1 drilling are shown as Blue stars The strike and dip of the stratabound orebody is also shown.

Massive sulphide lenses

Cross section showing planned trace of first hole TIS002. Green bodies are modelled massive sulphide lenses within the broader disseminated sulphide blanket.

About Auroch Minerals

Auroch Minerals (ASX:AOU) is primarily focusing on the exploration of metals crucial to the Renewable Energy Industry. The Company is specifically targeting Cobalt and Lithium, both used in the production of Li ion batteries and Polymetallic metals.

It is the Company's vision to add shareholder value through the identification, exploration and subsequent development of assets located in under-explored provinces that contain historic production and prospective geology. Auroch's current portfolio of projects contains three highly prospective exploration projects;

Tisová Cobalt Copper Gold Project located in the Czech Republic, where the Company currently holds a nine-month option agreement to acquire 100% of the project as announced July 2017. Tisová is in the heart of the European industrial hub, has a long history of copper production with mine infrastructure in place and recent sampling carried out by Auroch has confirmed the presence of Cobalt. Auroch is currently carrying out its initial drilling program.

The Company is also earning 75% of the Alcoutim Copper Zinc Project in Eastern Portugal. Alcoutim is located on one of the world's most significant mining districts, the Iberian Pyrite Belt (IPB). Known as the Land Of Giants, the IPB is renowned for its poly-metallic (Copper and Zinc dominant) Volcanic Massive Sulphide (VMS) deposits. Home to three Super Giant deposits (Rio Tinto, Neves Corvo and Aljustrel) and 10 Giant deposits, the area hosts over 80 known deposits containing resources totalling over 1,700 Million Tonnes. Auroch's Alcoutim Project is located immediately along strike of the Super Giant Neves Corvo deposit.

Karibib Lithium Project, located in Namibia, provides Auroch with immediate upside potential to the rapidly evolving lithium market. Karibib is situated next door to two of Namibia's high-grade historic lithium producing mines, Rubikon and Helikon.

For further information visit www.aurochminerals.com or contact:

Auroch Minerals Limited

Dr Andrew Tunks Glenn Whiddon

CEO Executive Chairman

T: +61 8 9486 4036 T: +61 8 9486 4036

Competent Persons Statement

The information in this report that relates to Exploration Results is based on information compiled by Dr. Andrew Tunks and represents an accurate representation of the available data. Dr. Tunks (Member Australian Institute Geoscientists) is the Company's Chief Executive Officer and has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Dr Tunks consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Auroch Minerals Ltd. published this content on 18 September 2017 and is solely responsible for the information contained herein.
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