March 2025 Quarterly Activities & Cashflow Report

Dear investors,

In the March 2025 Quarterly Activities Report, Aureka Limited highlighted significant achievements in its exploration programs at the Irvine and Tandarra gold projects. The Company launched a 7,000 meter drilling campaign targeting key mineralized zones and made progress in identifying sulphide mineralization and unlocking new geophysical targets. Additionally, the acquisition of strategic land at the Irvine Project supports long-term operational access. The cash balance at the end of March 2025 was $4.0m.

Managing Director, James Gurry, expressed confidence in the ongoing exploration activities and the potential for enhancing the Company's resource base. Aureka remains focused on continuous drilling at key targets, refining new targets, and reporting assay results. With a clear strategy and committed team, Aureka aims to deliver value and progress throughout 2025.

If you have any questions or would like further details on our exploration activities or financials, please feel free to reach out. We value our investors' interest and look forward to updating you on our progress.

Aureka Limited (ASX: AKA) welcomes your inquiries and feedback. Contact us at info@aureka.com.au or visit our website at aureka.com.au for more information.

Sincerely,

[Your Name]

Managing Director

Aureka Limited