Aurania Resources Ltd (ARU)

Details of Annual & Special Meeting of Aurania ShareholdersJune 4, 2026 7:38 AM
NewsfileToronto, Ontario--(Newsfile Corp. - June 4, 2026) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") announces that its Annual and Special Meeting of Shareholders (the "Meeting") will be held at 1:30pm ET on Thursday, June 11, 2026, at the Company's offices at 8 King Street East, Suite 1800, Toronto, ON M5C 1B5. Following the conclusion of the formal portion of the meeting, Aurania's President & CEO, Dr. Keith Barron will provide an update on the Company's projects. A video and/or audio replay of this update is expected to be made available after the meeting.Proxy Voting Deadline To ensure your vote is counted, please cast your vote prior to Tuesday, June 9th, 2026, at 1:30pm ET as per the details in your form of proxy. Meeting materials may be found on the Company's SEDAR+ profile at www.sedarplus.ca, on TSX Trust's website at http://docs.tsxtrust.com/2167, and on Aurania's website.About AuraniaAurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and critical energy in Europe and abroad. Information on Aurania and technical reports are available at www.aurania.com and www.sedarplus.ca, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.For further information, please contact:Carolyn Muir
VP Corporate Development & Investor Relations
Aurania Resources Ltd.
(416) 367-3200
carolyn.muir@aurania.comNeither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/300130 Original: Details of Annual & Special Meeting of Aurania Shareholders

Aurania Announces Closing of First Tranche of Private PlacementJune 1, 2026 5:53 PM
NewsfileToronto, Ontario--(Newsfile Corp. - June 1, 2026) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") announces that further to its news release dated May 11, 2026 it has closed the first tranche (the "First Tranche") of its previously announced non-brokered private placement financing of up to 8,333,333 units of the Company (the "Units") at a price of C$0.18 per Unit (the "Issue Price") for aggregate gross proceeds to the Company of up to approximately C$1,500,000 (the "Offering"). An aggregate of 3,768,132 Units was sold under the First Tranche for total gross proceeds of C$678,263.76.Each Unit is composed of one common share of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant entitles the holder to purchase one Common Share (a "Warrant Share") at an exercise price of C$0.35 for a period of 24 months following the closing of the First Tranche.The Company intends to use the net proceeds from the Offering primarily for exploration at the Thor's Valley epithermal gold project in Iceland, the Balangero nickel-cobalt tailings retreatment project in Italy, and for general working capital purposes.In connection with closing of the First Tranche, the Company paid aggregate finder's fees consisting of (i) C$3,792.60 (the "Cash Consideration") and (ii) 21,070 non-transferable compensation warrants (the "Compensation Warrants") to eligible finders. Each Compensation Warrant entitles the holder to acquire one Unit (a "Compensation Unit") at a price of C$0.18 per Compensation Unit for a period of 24 months from the date of issuance. Each Compensation Unit issuable upon exercise of a Compensation Warrant is comprised of one Common Share and one non-transferable Warrant. Each such Warrant entitles the holder to acquire one Warrant Share at a price of C$0.35 per Warrant Share for a period of 24 months from the date of issuance of the Compensation Warrant.The closing of the First Tranche is subject to the receipt of all necessary regulatory approvals, including the final approval of the TSX Venture Exchange. All securities issued and issuable pursuant to the First Tranche of the Offering are subject to a four-month plus one day hold period commencing on the date of issuance. The Company has the right to increase the size of the Offering by up to 25% and closing of the remaining tranche(s) of the Offering is anticipated to be completed on or around June 12, 2026. Related Party Transaction Dr. Keith Barron, CEO and a director of the Company, acquired 1,666,666 Units under the Offering (the "Acquisition"). The Acquisition constitutes a "related party transaction" as defined under the policies of the TSXV and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as the fair market value of the Acquisition does not exceed 25 percent of the Company's market capitalization.The Acquisition was completed for investment purposes. Depending on market and other conditions, Dr. Barron may from time to time in the future increase or decrease his ownership, control, or direction over securities of the Company, through market transactions, private agreements, or otherwise.The securities described herein have not been, and will not be, registered under the United States Securities Act, or any state securities laws, and accordingly may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.About Aurania
Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and critical energy in Europe and abroad. Information on Aurania and technical reports are available at www.aurania.com and www.sedarplus.ca, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.For further information, please contact:Carolyn Muir
VP Corporate Development & Investor Relations
Aurania Resources Ltd.
(416) 367-3200
carolyn.muir@aurania.com Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking Statements
This news release contains forward-looking information as such term is defined in applicable securities laws, which relate to future events or future performance and reflect management's current expectations and assumptions. The forward-looking information includes statements regarding the anticipated Offering, including the maximum size thereof, the expected timing to complete the Offering, the ability to complete the Offering on the terms provided herein or at all, the anticipated use of the net proceeds from the Offering, the receipt of all necessary approvals, including the approval of the TSXV of the listing of the Common Shares and the Warrant Shares (and the timing thereof), Aurania's objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation's portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations, and estimates of market conditions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to Aurania, including the assumption that there will be no material adverse change in metal prices, all necessary consents, licenses, permits and approvals will be obtained, including various local government licenses and the market. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. Risk factors that could cause actual results to differ materially from the results expressed or implied by the forward-looking information include, among other things: a failure to obtain or delays in obtaining the required regulatory licenses, permits, approvals and consents; an inability to access financing as needed; an inability to fund or extend the payment of Ecuador mineral concession fees with such failure to pay could result in the forfeiture of such mineral concessions; an inability to fund the administrative fees imposed by the Ecuadorian Control and Regulation Agency (ARCOM for its Spanish acronym) on the mining sector which could render the Company insolvent; a general economic downturn, a volatile stock price, labour strikes, political unrest, changes in the mining regulatory regime governing Aurania; a failure to comply with environmental regulations; a weakening of market and industry reliance on precious metals and base metals; a failure to acquire interests in mineral exploration properties or maintain the Company's interest in its current properties and those risks set out in the Company's public documents filed on SEDAR+. Aurania cautions the reader that the above list of risk factors is not exhaustive. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/299743 Original: Aurania Announces Closing of First Tranche of Private Placement

Aurania Announces Non-Brokered Private Placement of up to C$1.5 MillionMay 11, 2026 7:30 AM
NewsfileToronto, Ontario--(Newsfile Corp. - May 11, 2026) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") announces its intention to complete a non-brokered private placement financing of up to 8,333,333 units of the Company (the "Units") at a price of C$0.18 per Unit (the "Issue Price") for aggregate gross proceeds to the Company of up to approximately C$1,500,000 (the "Offering"). The Company has reserved the right to increase the size of the Offering by up to 25% of the size of the Offering, such that up to an additional 2,083,333 Units may be issued to raise additional gross proceeds of up to approximately C$375,000. Each Unit will consist of one common share of the Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one Common Share (a "Warrant Share") at an exercise price of C$0.35 per Warrant Share for a period of 24 months following the closing of the Offering. Use of Proceeds
The Company intends to use the net proceeds from the Offering primarily for exploration at the Thor's Valley epithermal gold project in Iceland, the Balangero nickel-cobalt tailings retreatment project in Italy, and for general working capital purposes.Finders
In connection with the Offering, the Company may pay finders' fees to certain eligible finders of up to 7% in cash of the gross proceeds raised in the Offering from subscribers introduced to the Company by such finders and up to 7% in finders warrants (the "Finder Warrants") of the aggregate number of Units placed by such finders, subject to the approval of the TSX Venture Exchange (the "TSXV"). Each Finder Warrant will entitle the holder thereof to purchase one (1) Unit at the Issue Price and will be exercisable for a period of 24 months from the closing of the Offering. Subscription Procedure
Existing shareholders and other investors interested in subscribing to the Offering should register their interest via email to carolyn.muir@aurania.com.Closing and Hold Period
Closing of the Offering is anticipated to be completed on or about June 1, 2026, or such other date or dates that the Company may determine and may close in tranches. Closing is subject to the receipt of all necessary regulatory approvals including (but not limited to) the receipt of approval from the TSXV for the listing of the Common Shares and the Warrant Shares issuable upon the exercise of the Warrants. The Warrants are not eligible to be listed and therefore will not be tradeable on the TSXV. The securities issued pursuant to the Offering shall be subject to a four-month plus one day hold period commencing on the day of the closing of the Offering, as applicable, under applicable Canadian securities laws. The Offering is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSXV.Insider Participation
Certain directors and officers of the Company are expected to acquire Units under the Offering. Such participation will be considered to be a "related party transaction" as defined under the policies of the TSXV and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company anticipates relying on exemptions from the minority shareholder approval and formal valuation requirements applicable to the related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the Units to be acquired by the participating directors and officers nor the consideration to be paid by such directors and officers is anticipated to exceed 25 percent of the Company's market capitalization.The securities described herein have not been, and will not be, registered under the United States Securities Act, or any state securities laws, and accordingly may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.About Aurania
Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and critical energy in Europe and abroad. Information on Aurania and technical reports are available at www.aurania.com and www.sedarplus.ca, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.For further information, please contact:Carolyn Muir
VP Corporate Development & Investor Relations
Aurania Resources Ltd.
(416) 367-3200
carolyn.muir@aurania.comNeither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.Forward-Looking Statements
This news release contains forward-looking information as such term is defined in applicable securities laws, which relate to future events or future performance and reflect management's current expectations and assumptions. The forward-looking information includes statements regarding the anticipated Offering, including the maximum size thereof, the expected timing to complete the Offering, the ability to complete the Offering on the terms provided herein or at all, the anticipated use of the net proceeds from the Offering, the receipt of all necessary approvals, including the approval of the TSXV of the listing of the Common Shares and the Warrant Shares (and the timing thereof), Aurania's objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation's portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations, and estimates of market conditions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to Aurania, including the assumption that there will be no material adverse change in metal prices, all necessary consents, licenses, permits and approvals will be obtained, including various local government licenses and the market. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. Risk factors that could cause actual results to differ materially from the results expressed or implied by the forward-looking information include, among other things: a failure to obtain or delays in obtaining the required regulatory licenses, permits, approvals and consents; an inability to access financing as needed; an inability to fund or extend the payment of Ecuador mineral concession fees with such failure to pay could result in the forfeiture of such mineral concessions; an inability to fund the administrative fees imposed by the Ecuadorian Control and Regulation Agency (ARCOM for its Spanish acronym) on the mining sector which could render the Company insolvent; a general economic downturn, a volatile stock price, labour strikes, political unrest, changes in the mining regulatory regime governing Aurania; a failure to comply with environmental regulations; a weakening of market and industry reliance on precious metals and base metals; a failure to acquire interests in mineral exploration properties or maintain the Company's interest in its current properties and those risks set out in the Company's public documents filed on SEDAR+. Aurania cautions the reader that the above list of risk factors is not exhaustive. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATESTo view the source version of this press release, please visit https://www.newsfilecorp.com/release/296852 Original: Aurania Announces Non-Brokered Private Placement of up to C$1.5 Million

Aurania Closes Option Agreement with St-Georges to Jointly Advance the Thor Epithermal Gold Project in IcelandMay 8, 2026 7:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - May 8, 2026) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") is pleased to announce that it has closed the previously announced option agreement (the "Agreement") dated April 27, 2026 (the "Execution Date") with St-Georges Eco-Mining Corp ("St-Georges") (CSE: SX), and its wholly owned subsidiary Iceland Resources ehf ("IR"), to work collaboratively to define and execute a phased exploration program aimed at advancing the Thormodsdalur gold project ("Thor's Valley" or the "Project"), towards initial modern resource definition. Please see the Company's press release dated April 28, 2026 for further details on the Project and the Agreement. Pursuant to the terms of the Agreement, Aurania issued to St. Georges 988,359 common shares (the "Shares") at a deemed price per Share of C$0.2068 for a total value of C$204,375 (US$150,000). The deemed price per Share is equal to the volume weighted average price of the Shares on each business day commencing on the Execution Date and ending on the last business day prior to the closing date of the Agreement. The Shares issued to St. Georges are subject to a hold period of four months and one day from the date of issuance. To exercise the option to earn a 70% interest in the Project (the "First Option"), Aurania must incur exploration expenditures of US$5 million over four years as follows:At least US$500,000 prior to the first anniversary of the Execution Date;At least US$1,000,000 prior to the second anniversary of the Execution Date; At least US$1,500,000 prior to the third anniversary of the Execution Date; At least US$2,000,000 prior to the fourth anniversary of the Execution Date; Upon completing the First Option, St-Georges will have the option to choose between maintaining a 30% interest in the Project through a joint venture or retain an up to 3% net smelter return royalty on the Project (the "Royalty"), with such Royalty to be reduced as necessary such that the aggregate royalty burden on the Project shall not exceed 3%, inclusive of any pre-existing NSR royalties. In the event the Royalty is granted, Aurania shall have the right to repurchase 1% of the Royalty for US$1,500,000, in cash or Shares (subject to the approval of the TSX Venture Exchange if the buy back will be made in Shares), at Aurania's sole discretion, at any time prior to the one year anniversary of commercial production at the Project. If St. Georges elects to retain the Royalty, Aurania will have the right, in its sole discretion, to increase its interest in the Project to 100% by incurring an additional US$2,000,000 of exploration expenditures prior to the 5th anniversary of the Execution Date. About St-Georges Eco-Mining Corp.
St-Georges develops new technologies and holds a diversified portfolio of assets and patent-pending Intellectual Property within several highly prospective subsidiaries including: EVSX, a leading North American advanced battery processing and recycling initiative; St-Georges Metallurgy, with metallurgical R&D and related IP, including processing and recovering high grade lithium from spodumene; Iceland Resources, with high grade gold exploration projects including the flagship Thor Project; H2SX, developing technology to convert methane into solid carbon and turquoise hydrogen; and Quebec exploration projects including the Manicouagan and Julie nickel, Copper and PGE critical mineral projects on Quebec's North Shore, and Notre-Dame niobium Project in Lac St Jean.Information on St-Georges Eco-Mining Corp. can be found on the company's website at www.stgeorgesecomining.com. For all other inquiries: public@stgeorgesecomining.com.About Iceland Resources
Iceland Resources is an Icelandic mineral exploration company focused on early-stage precious metal projects, including Thormodsdalur. The company's exploration strategy emphasizes systematic, data-driven evaluation of prospective targets in under-explored volcanic terrains.Information on Iceland Resources and technical reports are available at https://icelandresources.is/, as well as on Facebook at https://www.facebook.com/icelandresources, and X (formerly Twitter) at https://x.com/Iceland_Res.About Aurania
Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and critical energy in Europe and abroad.Information on Aurania and technical reports are available at www.aurania.com and www.sedarplus.ca, as well as on Facebook at https://www.facebook.com/auranialtd/, X (formerly Twitter) at https://x.com/AuraniaLtd , and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-. For further information, please contact:Carolyn Muir
VP Corporate Development & Investor Relations
Aurania Resources Ltd.
(416) 367-3200
carolyn.muir@aurania.comNeither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking information as such term is defined in applicable securities laws, which relate to future events or future performance and reflect management's current expectations and assumptions. The forward-looking information includes: statements regarding the terms of the Agreement, earn-in requirements, anticipated exploration programs, timing of activities, the potential to advance the Project, Aurania's objectives, goals or future plans, statements, exploration results, potential mineralization, the tonnage and grade of mineralization which has the potential for economic extraction and processing, the merits and effectiveness of known process and recovery methods, the corporation's portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations, the commencement of any drill program and estimates of market conditions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to Aurania, including the assumption that there will be no material adverse change in metal prices, all necessary consents, licenses, permits and approvals will be obtained, including various local government licenses and the market. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. Risk factors that could cause actual results to differ materially from the results expressed or implied by the forward-looking information include, among other things: failure to achieve the anticipated results, incorrect assumptions made in the initial evaluation of the Project, failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; the inability to recover and process mineralization using known mining methods; the presence of deleterious mineralization or the inability to process mineralization in an environmentally acceptable manner; commodity prices, supply chain disruptions, restrictions on labour and workplace attendance and local and international travel; a failure to obtain or delays in obtaining the required regulatory licenses, permits, approvals and consents; an inability to access financing as needed; a general economic downturn, a volatile stock price, labour strikes, political unrest, changes in the mining regulatory regime governing Aurania; a failure to comply with environmental regulations; a weakening of market and industry reliance on precious metals and base metals; and those risks set out in the Company's public documents filed on SEDAR+. Aurania cautions the reader that the above list of risk factors is not exhaustive. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/296616 Original: Aurania Closes Option Agreement with St-Georges to Jointly Advance the Thor Epithermal Gold Project in Iceland

CORRECTION FROM SOURCE: Aurania Enters into Agreement with St-Georges to Jointly Advance the Thor Epithermal Gold Project in IcelandApril 28, 2026 10:00 AM
NewsfileThis release corrects and replaces the press release issued by Aurania Resources Ltd. on April 28, 2026 – 7:25AM EDT, correcting the anniversary timelines of exploration expenditures under the heading Summary of Terms under the Agreement.Toronto, Ontario--(Newsfile Corp. - April 28, 2026) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") is pleased to announce that it has entered into a definitive option agreement (the "Agreement") dated April 27, 2026 (the "Execution Date") with St-Georges Eco-Mining Corp (CSE: SX) ("St-Georges"), a Canadian incorporated mineral exploration company and its wholly owned subsidiary Iceland Resources ehf ("IR"), an Icelandic incorporated precious metals exploration company to work collaboratively to define and execute a phased exploration program aimed at advancing the Thormodsdalur gold project ("Thor's Valley" or the "Project"), towards initial modern resource definition. The Thor's Valley project is held by IR and is located approximately 20 kilometres east of Reykjavík, the capital of Iceland.Aurania's President and CEO, Dr. Keith Barron commented, "After visiting the project area and personally reviewing the archived drill core, the Thor's Valley project represents a compelling opportunity with strong exploration upside. By formalizing our collaboration with St-Georges, we are positioning ourselves to unlock the potential of an under-explored geological district. Thor's Valley displays all the key signatures of a robust epithermal gold system, supported by a history of documented high-grade mineralization and a suite of compelling structural targets that remain largely untested by modern exploration methods. This Agreement allows Aurania to deploy its technical expertise toward a highly prospective gold project. We look forward to progressing this Project with discipline, technical rigour, and a strong commitment to unlocking its full potential."Comment from Thordis Bjork Sigurbjornsdottir, CEO of Iceland Resources: "This is an important partnership for Iceland Resources, and we are pleased to welcome Aurania Resources Ltd. as a partner on the Thormodsdalur project. Over the past several years, we have engaged in discussions with several groups with the objective of identifying a partner with the right technical experience and approach for this type of epithermal gold system. We believe Aurania brings that combination, supported by relevant experience in advancing high-grade epithermal discoveries. We look forward to working together to advance Thormodsdalur in a disciplined and value-focused manner."Summary of Terms under the AgreementInitial payment of US$150,000 in common shares of Aurania (the "Shares") to be issued to St. Georges on the closing date of the Agreement at a deemed price per Share equal to the volume weighted average price of the Shares on each business day commencing on the Execution Date and ending on the last business day prior to the closing date of the Agreement.Aurania to incur exploration expenditures of US$5 million over four years to earn a 70% interest in the Project, such exploration expenditures to be incurred as follows:At least US$500,000 prior to the first anniversary of the Execution Date;At least US$1,000,000 prior to the second anniversary of the Execution Date; At least US$1,500,000 prior to the third anniversary of the Execution Date; At least US$2,000,000 prior to the fourth anniversary of the Execution Date; Upon completing the First Option, St-Georges will have the option to choose between maintaining a 30% interest in the Project through a joint venture or retain an up to 3% net smelter return royalty on the Project (the "Royalty"), with such Royalty to be reduced as necessary such that the aggregate royalty burden on the Project shall not exceed 3%, inclusive of any pre-existing NSR royalties; and If St. Georges elects to retain the Royalty, Aurania will have the right, in its sole discretion, to increase its ownership to in the Project to 100% by incurring an additional US$2,000,000 of exploration expenditures. A joint exploration committee will be established between Aurania and St-Georges, with Aurania being the technical operator.The Agreement is subject to certain conditions, including the approval of the TSX Venture Exchange. The Shares will be subject to a hold period of four months and one day from the date of issuance. Thor's Valley is a historically known gold-bearing, low-sulphidation epithermal system that was initially discovered in 1903 when two Icelandic farm boys picked up pieces of white quartz from a stream, which proved to be gold-bearing. A number of ventures were organized from 1911 to 1924 using German or British capital. Two shafts were sunk and approximately 400 metres of lateral workings performed. As a result of this, the productive vein was estimated to be 1 metre wide and at least 1 kilometre long. Reported grades were 11 g/t to 315 g/t gold[1]. The ore was "direct shipping" and initially sent to Norway and later to Germany for treatment. There are no historic tailings on site. Perhaps significantly, the historical record indicates that the last operator, Arcturus, a German company, failed due to the Weimar hyperinflation rather than ore depletion. In the 1990's, several programmes of geochemical and petrographical studies were done, including a vertical geothermal well to a depth of 455 metres which encountered multiple mineralized quartz veins, including one at the bottom of the hole. In 1997, a total of 1069.21metres were diamond drilled in nine holes, however, average core recovery was only 52%. The intervals sampled graded 1.13 g/t to 46.10 g/t Au but this is not considered representative and true widths could not be calculated. Between 2005 and 2006, the private exploration company Melmi ehf drilled 32 holes totaling 2431m, which returned results up to 415.40 g/t Au. Melmi ehf was acquired by Iceland Resources in 2020, which completed 11 additional drill holes totaling 1780m with results of up to 113 g/t Au1.Figure 1. Sample of historic drill core from 1996. This is a typical hydrothermal breccia, as commonly seen in epithermal systems. This type of ore deposit is the same as that at Fruta del Norte in Ecuador.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2477/294569_f7885709c477d829_001full.jpgThe Thor Valley mineralization is a classic banded epithermal chalcedony-ginguro vein system with gold occurring both in free form and in association with sulphides. There are obviously a number of different vein sets here that appear controlled by regional and local structures. The Project consists of a National Exploration Permit covering approximately 51,300 hectares in Iceland. Figure 2: Hand sample of mineralization with typical rhythmic banding. The black area is composed of very fine-grained pyrite. This sample was found as float on the site and will be sent in for assay.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2477/294569_f7885709c477d829_002full.jpgPlanned Work Program
Aurania anticipates completing an initial exploration program focused on targeted drilling and surface exploration designed to test deeper and along-strike continuity of the known mineralized zones, utilising both historical data and newly generated technical information. Several of the previous drill holes with poor recovery will be twinned.The Company cautions the reader that the historical information referred to herein is based on data compiled by previous operators and publicly available sources and is being provided for reference purposes only. A qualified person retained by Aurania has not undertaken sufficient work to verify the historical data, and such information should not be relied upon. Further exploration work, including drilling and data verification, is required and may or may not result in the delineation of a mineral resource.No current mineral resources or mineral reserves, as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), have been established on the Project.The technical and scientific information contained in this news release has been reviewed and approved by Jean-Paul Pallier, MSc., Vice-President Exploration of the Company. Mr. Pallier is a designated EurGeol by the European Federation of Geologists and a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.About St-Georges Eco-Mining Corp.
St-Georges develops new technologies and holds a diversified portfolio of assets and patent-pending Intellectual Property within several highly prospective subsidiaries including: EVSX, a leading North American advanced battery processing and recycling initiative; St-Georges Metallurgy, with metallurgical R&D and related IP, including processing and recovering high grade lithium from spodumene; Iceland Resources, with high grade gold exploration projects including the flagship Thor Project; H2SX, developing technology to convert methane into solid carbon and turquoise hydrogen; and Quebec exploration projects including the Manicouagan and Julie nickel, Copper and PGE critical mineral projects on Quebec's North Shore, and Notre-Dame niobium Project in Lac St Jean.Information on St-Georges Eco-Mining Corp. can be found on the company's website at www.stgeorgesecomining.com. For all other inquiries: public@stgeorgesecomining.com.About Iceland Resources
Iceland Resources is an Icelandic mineral exploration company focused on early-stage precious metal projects, including Thormodsdalur. The company's exploration strategy emphasizes systematic, data-driven evaluation of prospective targets in under-explored volcanic terrains.Information on Iceland Resources and technical reports are available at https://icelandresources.is/, as well as on Facebook at https://www.facebook.com/icelandresources, and X (formerly Twitter) at https://x.com/Iceland_Res.About Aurania
Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and critical energy in Europe and abroad.Information on Aurania and technical reports are available at www.aurania.com and www.sedarplus.ca, as well as on Facebook at https://www.facebook.com/auranialtd/, X (formerly Twitter) at https://x.com/AuraniaLtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-. For further information, please contact:Carolyn Muir
VP Corporate Development & Investor Relations
Aurania Resources Ltd.
(416) 367-3200
carolyn.muir@aurania.comNeither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.This news release contains forward-looking information as such term is defined in applicable securities laws, which relate to future events or future performance and reflect management's current expectations and assumptions. The forward-looking information includes: statements regarding the terms of the Agreement, earn-in requirements, anticipated exploration programs, timing of activities, the potential to advance the Project, Aurania's objectives, goals or future plans, statements, exploration results, potential mineralization, the tonnage and grade of mineralization which has the potential for economic extraction and processing, the merits and effectiveness of known process and recovery methods, the corporation's portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations, the commencement of any drill program and estimates of market conditions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to Aurania, including the assumption that there will be no material adverse change in metal prices, all necessary consents, licenses, permits and approvals will be obtained, including various local government licenses and the market. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. Risk factors that could cause actual results to differ materially from the results expressed or implied by the forward-looking information include, among other things: failure to achieve the anticipated results, incorrect assumptions made in the initial evaluation of the Project, failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; the inability to recover and process mineralization using known mining methods; the presence of deleterious mineralization or the inability to process mineralization in an environmentally acceptable manner; commodity prices, supply chain disruptions, restrictions on labour and workplace attendance and local and international travel; a failure to obtain or delays in obtaining the required regulatory licenses, permits, approvals and consents; an inability to access financing as needed; a general economic downturn, a volatile stock price, labour strikes, political unrest, changes in the mining regulatory regime governing Aurania; a failure to comply with environmental regulations; a weakening of market and industry reliance on precious metals and base metals; and those risks set out in the Company's public documents filed on SEDAR+. Aurania cautions the reader that the above list of risk factors is not exhaustive. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.[1] Additional information regarding the Thormodsdalur project is available on Iceland Resources' website at www.icelandresources.is/thormodsdalur.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294569
Original: CORRECTION FROM SOURCE: Aurania Enters into Agreement with St-Georges to Jointly Advance the Thor Epithermal Gold Project in Iceland

Aurania Enters into Agreement with St-Georges to Jointly Advance the Thor Epithermal Gold Project in IcelandApril 28, 2026 7:25 AM
NewsfileToronto, Ontario--(Newsfile Corp. - April 28, 2026) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") is pleased to announce that it has entered into a definitive option agreement (the "Agreement") dated April 27, 2026 (the "Execution Date") with St-Georges Eco-Mining Corp ("St-Georges") (CSE: SX), a Canadian incorporated mineral exploration company and its wholly owned subsidiary Iceland Resources ehf ("IR"), an Icelandic incorporated precious metals exploration company to work collaboratively to define and execute a phased exploration program aimed at advancing the Thormodsdalur gold project ("Thor's Valley" or the "Project"), towards initial modern resource definition. The Thor's Valley project is held by IR and is located approximately 20 kilometres east of Reykjavík, the capital of Iceland.Aurania's President and CEO, Dr. Keith Barron commented, "After visiting the project area and personally reviewing the archived drill core, the Thor's Valley project represents a compelling opportunity with strong exploration upside. By formalizing our collaboration with St-Georges, we are positioning ourselves to unlock the potential of an under-explored geological district. Thor's Valley displays all the key signatures of a robust epithermal gold system, supported by a history of documented high-grade mineralization and a suite of compelling structural targets that remain largely untested by modern exploration methods. This Agreement allows Aurania to deploy its technical expertise toward a highly prospective gold project. We look forward to progressing this Project with discipline, technical rigour, and a strong commitment to unlocking its full potential."Comment from Thordis Bjork Sigurbjornsdottir, CEO of Iceland Resources: "This is an important partnership for Iceland Resources, and we are pleased to welcome Aurania Resources Ltd. as a partner on the Thormodsdalur project. Over the past several years, we have engaged in discussions with several groups with the objective of identifying a partner with the right technical experience and approach for this type of epithermal gold system. We believe Aurania brings that combination, supported by relevant experience in advancing high-grade epithermal discoveries. We look forward to working together to advance Thormodsdalur in a disciplined and value-focused manner."Summary of Terms under the AgreementInitial payment of US$150,000 in common shares of Aurania (the "Shares") to be issued to St. Georges on the closing date of the Agreement at a deemed price per Share equal to the volume weighted average price of the Shares on each business day commencing on the Execution Date and ending on the last business day prior to the closing date of the Agreement.Aurania to incur exploration expenditures of US$5 million over four years to earn a 70% interest in the Project, such exploration expenditures to be incurred as follows:At least US$500,000 prior to the first anniversary of the Execution Date;At least US$1,000,000 prior to the first anniversary of the Execution Date;At least US$1,500,000 prior to the first anniversary of the Execution Date;At least US$2,000,000 prior to the first anniversary of the Execution Date;Upon completing the First Option, St-Georges will have the option to choose between maintaining a 30% interest in the Project through a joint venture or retain an up to 3% net smelter return royalty on the Project (the "Royalty"), with such Royalty to be reduced as necessary such that the aggregate royalty burden on the Project shall not exceed 3%, inclusive of any pre-existing NSR royalties; and If St. Georges elects to retain the Royalty, Aurania will have the right, in its sole discretion, to increase its ownership to in the Project to 100% by incurring an additional US$2,000,000 of exploration expenditures. A joint exploration committee will be established between Aurania and St-Georges, with Aurania being the technical operator.The Agreement is subject to certain conditions, including the approval of the TSX Venture Exchange. The Shares will be subject to a hold period of four months and one day from the date of issuance. Thor's Valley is a historically known gold-bearing, low-sulphidation epithermal system that was initially discovered in 1903 when two Icelandic farm boys picked up pieces of white quartz from a stream, which proved to be gold-bearing. A number of ventures were organized from 1911 to 1924 using German or British capital. Two shafts were sunk and approximately 400 metres of lateral workings performed. As a result of this, the productive vein was estimated to be 1 metre wide and at least 1 kilometre long. Reported grades were 11 g/t to 315 g/t gold1. The ore was "direct shipping" and initially sent to Norway and later to Germany for treatment. There are no historic tailings on site. Perhaps significantly, the historical record indicates that the last operator, Arcturus, a German company, failed due to the Weimar hyperinflation rather than ore depletion. In the 1990's, several programmes of geochemical and petrographical studies were done, including a vertical geothermal well to a depth of 455 metres which encountered multiple mineralized quartz veins, including one at the bottom of the hole. In 1997, a total of 1069.21metres were diamond drilled in nine holes, however, average core recovery was only 52%. The intervals sampled graded 1.13 g/t to 46.10 g/t Au but this is not considered representative and true widths could not be calculated. Between 2005 and 2006, the private exploration company Melmi ehf drilled 32 holes totaling 2431m, which returned results up to 415.40 g/t Au. Melmi ehf was acquired by Iceland Resources in 2020, which completed 11 additional drill holes totaling 1780m with results of up to 113 g/t Au1.Figure 1. Sample of historic drill core from 1996. This is a typical hydrothermal breccia, as commonly seen in epithermal systems. This type of ore deposit is the same as that at Fruta del Norte in Ecuador.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2477/294533_4091c56a84aeb95b_001full.jpgThe Thor Valley mineralization is a classic banded epithermal chalcedony-ginguro vein system with gold occurring both in free form and in association with sulphides. There are obviously a number of different vein sets here that appear controlled by regional and local structures. The Project consists of a National Exploration Permit covering approximately 51,300 hectares in Iceland. Figure 2: Hand sample of mineralization with typical rhythmic banding. The black area is composed of very fine-grained pyrite. This sample was found as float on the site and will be sent in for assay.To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/2477/294533_4091c56a84aeb95b_002full.jpgPlanned Work ProgramAurania anticipates completing an initial exploration program focused on targeted drilling and surface exploration designed to test deeper and along-strike continuity of the known mineralized zones, utilising both historical data and newly generated technical information. Several of the previous drill holes with poor recovery will be twinned.The Company cautions the reader that the historical information referred to herein is based on data compiled by previous operators and publicly available sources and is being provided for reference purposes only. A qualified person retained by Aurania has not undertaken sufficient work to verify the historical data, and such information should not be relied upon. Further exploration work, including drilling and data verification, is required and may or may not result in the delineation of a mineral resource.No current mineral resources or mineral reserves, as defined under National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), have been established on the Project.The technical and scientific information contained in this news release has been reviewed and approved by Jean-Paul Pallier, MSc., Vice-President Exploration of the Company. Mr. Pallier is a designated EurGeol by the European Federation of Geologists and a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.About St-Georges Eco-Mining Corp.St-Georges develops new technologies and holds a diversified portfolio of assets and patent-pending Intellectual Property within several highly prospective subsidiaries including: EVSX, a leading North American advanced battery processing and recycling initiative; St-Georges Metallurgy, with metallurgical R&D and related IP, including processing and recovering high grade lithium from spodumene; Iceland Resources, with high grade gold exploration projects including the flagship Thor Project; H2SX, developing technology to convert methane into solid carbon and turquoise hydrogen; and Quebec exploration projects including the Manicouagan and Julie nickel, Copper and PGE critical mineral projects on Quebec's North Shore, and Notre-Dame niobium Project in Lac St Jean.Information on St-Georges Eco-Mining Corp. can be found on the company's website at www.stgeorgesecomining.com. For all other inquiries: public@stgeorgesecomining.com.About Iceland ResourcesIceland Resources is an Icelandic mineral exploration company focused on early-stage precious metal projects, including Thormodsdalur. The company's exploration strategy emphasizes systematic, data-driven evaluation of prospective targets in under-explored volcanic terrains.Information on Iceland Resources and technical reports are available at https://icelandresources.is/, as well as on Facebook at https://www.facebook.com/icelandresources, and X (formerly Twitter) at https://x.com/Iceland_Res.About AuraniaAurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and critical energy in Europe and abroad.Information on Aurania and technical reports are available at www.aurania.com and www.sedarplus.ca, as well as on Facebook at https://www.facebook.com/auranialtd/, X (formerly Twitter) at https://x.com/AuraniaLtd , and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-. For further information, please contact:Carolyn Muir
VP Corporate Development & Investor Relations
Aurania Resources Ltd.
(416) 367-3200
carolyn.muir@aurania.comNeither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking information as such term is defined in applicable securities laws, which relate to future events or future performance and reflect management's current expectations and assumptions. The forward-looking information includes: statements regarding the terms of the Agreement, earn-in requirements, anticipated exploration programs, timing of activities, the potential to advance the Project, Aurania's objectives, goals or future plans, statements, exploration results, potential mineralization, the tonnage and grade of mineralization which has the potential for economic extraction and processing, the merits and effectiveness of known process and recovery methods, the corporation's portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations, the commencement of any drill program and estimates of market conditions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to Aurania, including the assumption that there will be no material adverse change in metal prices, all necessary consents, licenses, permits and approvals will be obtained, including various local government licenses and the market. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. Risk factors that could cause actual results to differ materially from the results expressed or implied by the forward-looking information include, among other things: failure to achieve the anticipated results, incorrect assumptions made in the initial evaluation of the Project, failure to identify mineral resources; failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; the inability to recover and process mineralization using known mining methods; the presence of deleterious mineralization or the inability to process mineralization in an environmentally acceptable manner; commodity prices, supply chain disruptions, restrictions on labour and workplace attendance and local and international travel; a failure to obtain or delays in obtaining the required regulatory licenses, permits, approvals and consents; an inability to access financing as needed; a general economic downturn, a volatile stock price, labour strikes, political unrest, changes in the mining regulatory regime governing Aurania; a failure to comply with environmental regulations; a weakening of market and industry reliance on precious metals and base metals; and those risks set out in the Company's public documents filed on SEDAR+. Aurania cautions the reader that the above list of risk factors is not exhaustive. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. 1 Additional information regarding the Thormodsdalur project is available on Iceland Resources' website at www.icelandresources.is/thormodsdalur.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/294533
Original: Aurania Enters into Agreement with St-Georges to Jointly Advance the Thor Epithermal Gold Project in Iceland

Aurania Adopts Semi-Annual Reporting; Announces Amendment to LoanApril 13, 2026 7:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - April 13, 2026) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") announces that it has elected to rely on Coordinated Blanket Order 51-933 - Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers (the "Order") and move to semi-annual financial reporting ("SAR").The Order allows eligible venture issuers listed on the TSX Venture Exchange (the "TSXV") to voluntarily move from a quarterly to a semi-annual financial reporting framework. The Company's fiscal year ends on December 31. Under the SAR pilot program, the Company will be exempt from filing interim financial reports and related Management's Discussion & Analysis (MD&A) for its first and third quarters.Interim Period: The Company will not file an interim report for the first quarter (Q1) ending March 31 and the third quarter (Q3) ending September 30; andOngoing Reporting: The Company will continue to file audited financial statements (due within 120 days of December 31) and six-month interim financial reports (due within 60 days of June 30).The Company confirms it meets the pilot program's eligibility criteria, which include being a venture issuer with annual revenues of less than $10 million, having a disclosure record of over 12 months and having ?led all required periodic and timely continuous disclosure documents.The ?rst period for which the Company will not ?le an interim ?nancial report and related MD&A will be for the three-month period ended March 31, 2026.This news release is being filed pursuant to Coordinated Blanket Order 51-933 Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers.In addition, the Company announces that, further to the Company's press release dated January 29, 2026, pursuant to which the Company announced a $750,000 loan (the "Loan") from Dr. Keith Barron, CEO of the Company, the Company and Dr. Barron have agreed to amend the Loan to increase the amount of the Loan to C$1,000,000 to be advanced from time to time in principal amounts as agreed by the parties. All other terms of the Loan, as previously announced, remain the same. Dr. Keith Barron is a related party of the Company by virtue of the fact that he is the Chairman, the President and Chief Executive Officer, a promoter and a principal shareholder of the Company, and as a result, each advance and repayment under the Loan constitutes a "Related Party Transaction" for the purposes of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying upon an exemption from the formal valuation and minority shareholder approval requirements under MI 61-101 in respect of the Related Party Transactions, in reliance on Sections 5.5(a) and 5.7(1) of MI 61-101, respectively, as the fair market value of the Related Party Transaction, collectively, does not exceed 25% of the Company's market capitalization, as determined in accordance with MI 61-101. The Company did not file a material change report related to the Loan more than 21 days before the expected closing of the Loan as required by MI 61-101, as the Company wished to organize the Loan on an expedited basis for sound business reasons. The amendment to the Loan was approved by the members of the board of directors of the Company who are independent for purposes of the related party transaction, being all directors other than Dr. Barron. No special committee was established in connection with the amendment to the Loan, and no materially contrary view or abstention was expressed or made by any director of the Company in relation thereto.About AuraniaAurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and critical energy in Europe and abroad.Information on Aurania and technical reports are available at www.aurania.com and www.sedarplus.ca, as well as on Facebook at https://www.facebook.com/auranialtd/, X (formerly Twitter) at https://x.com/AuraniaLtd , and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.For further information, please contact:Carolyn Muir
VP Corporate Development & Investor Relations
Aurania Resources Ltd.
(416) 367-3200
carolyn.muir@aurania.com  Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release contains forward-looking information as such term is defined in applicable securities laws, which relate to future events or future performance and reflect management's current expectations and assumptions. The forward-looking information includes Aurania's objectives, goals, future plans or other statements of intent, Aurania's ongoing engagement in the identification, evaluation, acquisition and exploration of mineral property interests, and any potential exploration results or potential mineralization resulting therefrom, Aurania's ongoing exploration efforts in France, Italy, Ecuador and abroad, potential additional advances pursuant to the Loan, eventual repayment of the Loan or any part thereof by Aurania, and the use by Aurania of funds received pursuant to the Loan. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to Aurania, including the assumption that, there will be no material adverse change in metal prices and all necessary consents, licenses, permits and approvals will be obtained, including various local government licenses and the market. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. Risk factors that could cause actual results to differ materially from the results expressed or implied by the forward-looking information include, among other things, the state of the capital markets generally and of the mining markets more particularly, any commodity prices supply chain disruptions, restrictions on labour and workplace attendance and local and international travel due to war, weather, pandemics or otherwise; a failure to obtain or delays in obtaining the required regulatory licenses, permits, approvals and consents; an inability to access financing as needed, including pursuant to the Loan; a general economic downturn, a volatile stock price, labour strikes, political unrest, changes in the mining regulatory regime governing Aurania; a failure to comply with environmental regulations; a weakening of market and industry reliance on precious metals, copper and critical minerals; and those risks set out in the Company's public documents filed on SEDAR+. Aurania cautions the reader that the above list of risk factors is not exhaustive. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/292107
Original: Aurania Adopts Semi-Annual Reporting; Announces Amendment to Loan

Aurania Directors Receive Stock Options in Lieu of FeesApril 1, 2026 7:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - April 1, 2026) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) ("Aurania" or the "Company") announces that certain of its directors have agreed to receive their quarterly director fees in the form of stock options in lieu of cash for the first quarter of 2026. In addition, the Company wishes to grant the directors additional stock options due to the expiration of out-of-the-money stock options previously granted to the directors in lieu of cash for director fees. An aggregate of 203,000 stock options was granted to directors on March 31, 2026, having an exercise price of $0.205. All such stock options will be exercisable for a period of three years from the date of grant and vested immediately upon grant. In the event a director intends to exercise such stock options, such director shall be solely responsible for paying the entirety of the exercise price.Aurania also granted 40,000 stock options to a consultant of the Company on March 31, 2026, at an exercise price of $0.205. These options are exercisable for a period of one year from the date of grant and vested immediately upon grant. The Company also announces that the Company and Dr. Keith Barron, CEO of the Company, have agreed to an amendment to a previously issued loan from Dr. Barron to the Company in the amount of up to US$2,094,500 (the "Loan") originally announced on April 30, 2025, pursuant to which the term of the Loan has been amended such that the Loan matures twelve months and one day after repayment notice is given by Dr. Barron to the Company. About AuraniaAurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and critical energy in Europe and abroad.Information on Aurania and technical reports are available at www.aurania.com and www.sedarplus.ca, as well as on Facebook at https://www.facebook.com/auranialtd/, X (formerly Twitter) at https://x.com/AuraniaLtd , and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.For further information, please contact:Carolyn Muir
VP Corporate Development & Investor Relations
Aurania Resources Ltd.
(416) 367-3200
carolyn.muir@aurania.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/290814
Original: Aurania Directors Receive Stock Options in Lieu of Fees

CEO.CA Insights: Exclusive Interviews from Mining Leaders at PDAC 2026March 20, 2026 7:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - March 20, 2026) - CEO.CA, the leading investor social network in junior resource and venture stocks, shares comprehensive video coverage from the recent PDAC convention in Toronto, ON, Canada.Founded in 2012, CEO.CA, a wholly owned subsidiary of EarthLabs, Inc., is one of the most popular free financial websites and apps in Canada and for investors globally - with industry leading audience engagement and mobile functionality. Millions of people visit CEO.CA each year to connect with investors from around the world, share knowledge and view impactful stories about stocks, commodities, and emerging companies.As a media partner at investor events around the world, CEO.CA provides coverage of the companies shaping the future of mining, meeting with industry leaders to learn more about their vision and strategy.Get to Know the Leaders Transforming the Future of MiningTo view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9758/289303_5b6cdcdb7476ea55_001full.jpgTo view the PDAC Conference Interviews, please visit: https://www.youtube.com/watch?v=T0cAdXZUP10&list=PLsD-m-bMQxKbst4Udrum54ymBRMrb-TK7 Battery MetalsPeloton Minerals (CSE: PMC) (OTCQB: PMCCF)St George Mining (ASX: SGQ)Surge Battery Metals (TSXV: NILI) (OTCQX: NILIF) (FSE: DJ5)Copper:Algo Grande Copper (TSXV: ALGR) (OTC Pink: KNDYF) (FSE: KM00)Barksdale Resources (TSXV: BRO) (OTCQB: BRKCF) (FSE: 2NZ)C3 Metals (TSXV: CCCM)Element 29 Resources (TSXV: ECU) (OTCQB: EMTRF) (BVL: ECU)Gunnison Copper (TSX: GCU) (OTCQB: GCUMF) (FSE: 3XS0)Midnight Sun (TSXV: MMA) (OTCQX: MDNGF)Mogotes Metals (TSXV: MOG) (OTCQB: MOGMF) (FSE: OY4)Sendero Resources (TSXV: SEND)Critical MetalsAntimony Resources (CSE: ATMY) (OTCQB: ATMYF) (FSE: K8J0)Nine Mile Metals (CSE: NINE) (OTC PINK: VMSXF) (FSE: KQ9)Scandium Canada (TSXV: SCD)ValOre Metals (TSXV: VO) (OTCQB: KVLQF) (FSE: KEQ0)West High Yield Resources (TSXV: WHY) (FSE: W0H)Gold:Alamos Gold (TSX: AGI) (NYSE: AGI)Amex Exploration (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF)Bold Ventures (TSXV: BOL)Delta Resources (TSXV: DLTA) (OTC Pink: DTARF) (FSE: 6GO1)Dryden Gold (TSXV: DRY) (OTCQB: DRYGF) (FSE: X7W)Eminent Gold (TSXV: EMNT) (OTCQB: EMGDF) (FSE: 7AB)Emperor Metals (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH)Falco Resources (TSXV: FPC)Golden Cariboo Resources (CSE:GCC) (OTCQB: GCCFF) (WKN: A402CQ) (FSE: 3TZ)McFarlane Lake Mining (CSE: MLM) (OTCQB: MLMLF)Mineros SA (TSX: MSA) (OTCQX: MNSAF) (BVC: MINEROS)Newcore Gold (TSXV: NCAU) (OTCQX: NCAUF)Northstar Gold (CSE: NSG)Ridgeline Minerals (TSXV: RDG) (OTCQB: RDGMF) (FSE: 0GC0)Rua Gold (TSX: RUA) (NZ: RGI) (OTCQX: NZAUF)Talisker Resources (TSX: TSK) (OTCQX: TSKFF)Thesis Gold & Silver (TSXV: TAU) (OTCQX: THSGF) (FSE: A422AH)TomaGold (TSXV: LOT) (OTC Pink: TOGOF)Polymetallic:Aurania Resources (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q)Spartan Metals (TSXV: W) (OTCQB: SPRMF) (FSE: J03)Royalty Streaming:Ecora Resources (LSE: ECOR) (TSX: ECOR) (OTCQX: ECRAF)Electric Royalties (TSXV: ELEC) (OTCQB: ELECF)Silver:GR Silver Mining (TSXV: GRSL) (OTCQX: GRSLF) (FSE: GPE)Honey Badger Silver (TSXV: TUF) (OTCQB: HBEIF)Pinnacle Silver and Gold (TSXV: PINN) (OTCID: PSGCF) (FSE: P9J)Silver Hammer Mining (CSE: HAMR)Silvercorp Metals (TSX: SVM) (NYSE American: SVM)Uranium:Nexus Uranium (CSE: NEXU) (OTCQB: NEXUF) (FSE: JA7)Other:Karen Rees, PDAC PresidentRick Rule, Founder and CEO of Rule Investment MediaAbout CEO.CAThe leading community for investors & traders in junior resource & venture stocks. CEO.CA is one of the most popular free financial websites and apps in Canada and for small-cap investors globally -- with industry leading audience engagement and mobile functionality. Since 2012, CEO.CA has brought millions of investors together from over 164 countries to discuss their portfolio holdings and find new investment opportunities. Download our App on iOS or Android marketplace or visit us today at CEO.CA to set up your free account.CEO.CA is a wholly owned subsidiary of EarthLabs, Inc.For further information, please contact:CEO.CA
Email: hello@ceo.ca
Website: CEO.CANeither the TSX Venture Exchange ("TSXV"), OTC Best Market ("OTCQX") nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.Cautionary StatementThe information regarding any issuer contained or referred to in any interviews conducted by CEO.CA has been furnished by such issuer directly, and neither CEO.CA nor any of its affiliates or principals assumes any responsibility for the accuracy or completeness of such information or for any failure by an issuer to ensure disclosure of events or facts which may affect the significance or accuracy of any such information.No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release contains forward-looking information which involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release may include, but is not limited to, the objectives, goals, future plans, statements regarding exploration results and exploration and/or development plans of companies featured on the CEO.CA platform. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, fluctuations in commodity prices, delays in the development of projects, currency risk and the other risks involved in the applicable exploration and development industry, and those risks set out in the public documents of such companies filed on SEDAR+ or elsewhere from time to time. Undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. CEO.CA disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/289303
Original: CEO.CA Insights: Exclusive Interviews from Mining Leaders at PDAC 2026

Strengthening Europe's Supply Chain: Aurania Updates on Balangero Nickel-Cobalt ProjectFebruary 26, 2026 7:00 AM
NewsfileToronto, Ontario--(Newsfile Corp. - February 26, 2026) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") reports that results have been delivered from 28 samples taken across the Balangero Ni-Co Project (the "Project") in northern Italy. The samples were assayed at Laboratoire GeoRessources - École Nationale Supérieure de Géologie, Université de Lorraine. The samples yielded between 1560 and 2015 ppm nickel (average 1763 ppm), 81.5 to 108 ppm cobalt, and 16.2 to 146 ppm copper. These new results are in line with the more than 200 historical samples taken from the site. Aurania's President and CEO, Dr. Keith Barron, commented, "There is a lot of historic data from Balangero, and this confirmed what was already suspected. In 1942, the Italian Government created SANI (Societá Anonima Nichelio Italiana) specifically to look for sources of nickel within Italy. At Balangero, the magnetic sand-sized fraction of the waste from asbestos beneficiation was actually recovered and used to make hardened steel for some months in 1943 for the war effort. This information has remained buried in the Archive of the City of Turin. For a variety of reasons, nickel supply has once again become critically important in Europe, and we believe Balangero offers the most readily and easily accessible source of the metal today." The Balangero Mine (also called San Vittorio), 30 kilometres from the city of Turin in northern Italy, produced asbestos between 1918 and 1990 and was the largest open pit asbestos mine in Europe. During 1966, the waste from the mine was thoroughly investigated as a potential by-product source of nickel and cobalt. Aurania staff became acquainted with the project while doing a literature search on their Northern Corsica Ni-Co project. The Balangero site, like Corsica, contains an abundance of the mineral awaruite, a rather rare nickel-iron natural alloy that does not contain sulphur, and can be used as a direct source of furnace feed for stainless steel production, or processed downstream for EV Battery Grade nickel sulphate. As a potential source of "Green" nickel, it certainly aligns with the stated goals of the European Union (EU) for the extraction and production of Clean Critical Metals. Several companies are looking at the small number of awaruite occurrences as potential sources of Green Nickel and Cobalt. Among them are FPX Nickel Corp, with a market capitalization of circa $183 million CAD, and First Atlantic Nickel Corp, with a market capitalization of $27 million CAD. FPX's project is in northern British Columbia, and First Atlantic, in Central Newfoundland. Both are greenfields projects which will require the development of open pit mines. Both have limited site infrastructure, other than a few bush roads. Aurania's Balangero Project is essentially identical in nickel grade to FPX and First Atlantic, but with the obvious difference in projects is that the potential resource at Balangero consists of dry-stacked tailings that have already been crushed to

Aurania Announces Loan AgreementJanuary 29, 2026 5:01 PM
NewsfileToronto, Ontario--(Newsfile Corp. - January 29, 2026) - Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (FSE: 20Q) ("Aurania" or the "Company") announces that its Chairman, President and Chief Executive Officer, Dr. Keith Barron (the "Lender") has agreed to provide a loan of up to C$750,000 to the Company to be advanced from time to time in principal amounts as agreed by the parties (the "Loan").Dr. Keith Barron commented, "This loan provides the Company with additional working capital to continue advancing its projects while preserving shareholder value. Importantly, this structure avoids immediate dilution and reflects my confidence in our strategy and our projects as we continue work on multiple fronts."The Loan is unsecured, bears interest at 2% per annum and matures twelve months and one day after demand for repayment is given by the Lender, which may be provided at any time following the date hereof. The proceeds of the Loan will be used to fund the Company's preliminary economic assessment on the Balangero tailings retreatment project in Italy, including related laboratory/assay fees, and general working capital. Dr. Keith Barron is a related party of the Company by virtue of the fact that he is the Chairman, the President and Chief Executive Officer, a promoter and a principal shareholder of the Company, and as a result, each advance and repayment under the Loan constitutes a "Related Party Transaction" for the purposes of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying upon an exemption from the formal valuation and minority shareholder approval requirements under MI 61-101 in respect of the Related Party Transactions, in reliance on Sections 5.5(a) and 5.7(1) of MI 61-101, respectively, as the fair market value of the Related Party Transaction, collectively, does not exceed 25% of the Company's market capitalization, as determined in accordance with MI 61-101. The Company did not file a material change report related to the Loan more than 21 days before the expected closing of the Loan as required by MI 61-101, as the Company wished to organize the Loan on an expedited basis for sound business reasons.The Loan was approved by the members of the board of directors of the Company who are independent for purposes of the related party transaction, being all directors other than Dr. Barron. No special committee was established in connection with the Loan, and no materially contrary view or abstention was expressed or made by any director of the Company in relation thereto. About Aurania
Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition, and exploration of mineral property interests, with a focus on precious metals and critical energy in Europe and abroad.Information on Aurania and technical reports are available at www.aurania.com and www.sedarplus.ca, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-. For further information, please contact:Carolyn Muir
VP Corporate Development & Investor Relations
Aurania Resources Ltd.
(416) 367-3200
carolyn.muir@aurania.com  Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Forward-Looking Statements
This news release contains forward-looking information as such term is defined in applicable securities laws, which relate to future events or future performance and reflect management's current expectations and assumptions. The forward-looking information includes Aurania's objectives, goals, future plans or other statements of intent, Aurania's ongoing engagement in the identification, evaluation, acquisition and exploration of mineral property interests, and any potential exploration results or potential mineralization resulting therefrom, Aurania's ongoing exploration efforts in France, Italy, Ecuador and abroad, potential additional advances pursuant to the Loan, eventual repayment of the Loan or any part thereof by Aurania, and the use by Aurania of funds received pursuant to the Loan Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to Aurania, including the assumption that, there will be no material adverse change in metal prices and all necessary consents, licenses, permits and approvals will be obtained, including various local government licenses and the market. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. Risk factors that could cause actual results to differ materially from the results expressed or implied by the forward-looking information include, among other things, the state of the capital markets generally and of the mining markets more particularly, any commodity prices supply chain disruptions, restrictions on labour and workplace attendance and local and international travel due to war, weather, pandemics or otherwise; a failure to obtain or delays in obtaining the required regulatory licenses, permits, approvals and consents; an inability to access financing as needed, including pursuant to the Loan; a general economic downturn, a volatile stock price, labour strikes, political unrest, changes in the mining regulatory regime governing Aurania; a failure to comply with environmental regulations; a weakening of market and industry reliance on precious metals, copper and critical minerals; and those risks set out in the Company's public documents filed on SEDAR+. Aurania cautions the reader that the above list of risk factors is not exhaustive. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282106
Original: Aurania Announces Loan Agreement

ARU charts ..............

PDAC 2022 presentation - part 1 ..............

Kinross to buy Aurelian in C$1.2 bln friendly deal
Thu Jul 24, 2008 7:29am EDT

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TORONTO, July 24 (Reuters) - Kinross Gold Corp (K.TO: Quote, Profile, Research, Stock Buzz) said on Thursday it planned to buy Aurelian Resources Inc (ARU.TO: Quote, Profile, Research, Stock Buzz) in a friendly deal worth C$1.2 billion ($1.19 billion), giving the Canadian mid-tier gold miner ownership of the Fruta del Norte discovery in south-eastern Ecuador.

Kinross said it would offer Aurelian shareholders 0.317 of a Kinross common share, plus 0.1429 of a warrant, valuing it at C$8.20 per Aurelian common share. This is a 63 percent premium over the 20-day volume-weighted average price of Aurelian common shares.

The deal will add a major gold deposit to Kinross's development portfolio, the companies said.

The Fruta del Norte deposit is the most significant discovery within Aurelian's Condor Project, part of more than 95,000 hectares of exploration concessions that Aurelian holds in Ecuador.

"This particular combination creates value for both Aurelian and Kinross shareholders, and provides a strong partner for local employees and communities in Ecuador to develop this asset in a responsible manner, which will generate significant economic benefits for the country," Tye Burt, Kinross president and chief executive, said in a release.

Aurelian's board recommended that Aurelian shareholders tender their shares, and the directors and senior officers of Aurelian have entered into lock-up agreements with Kinross and have agreed to tender all of their Aurelian common shares to the offer.

The proposed deal is subject to a break fee of C$42 million. ($1=$1.01 Canadian) (Reporting by Jennifer Kwan; Editing by Scott Anderson)

Ecuadorian guys got hit hard! My condolences

ya punt them all in the butts

Ecuador May Be Worth a Punt

By Ben Abelson
22 Apr 2008 at 03:50 PM GMT-04:00
http://www.resourceinvestor.com/pebble.asp?relid=42145

SEATTLE (ResourceInvestor.com) -- The recent announcement by the Ecuadorian government of a dramatic revamping of mining policy has left investors in the country scrambling to dump shares of miners remotely affiliated with the developing South American nation.

While the language in the recent mining mandate is far from positive, it stops well short of outright nationalization. The new mandate calls for a 180-day suspension of all mining activities until a new mining code can be approved, and a limit of three concessions to any given mining company.

Investors would do well to be concerned by these new regulations. But, that being said, as any investor involved in developing nations knows, the risks of outright nationalization of mining projects is often well overblown. Beyond the disaster called Venezuela, government scares in Turkey, Mongolia, Eritrea and others over the past few years have created tremendously profitable opportunities for risk-seeking investors.

Witness the share price of Aurelian Resources [TSX:ARU], for one, which owns rights to one of the largest undeveloped gold deposits in the world. Worth more than C$10/share just days ago, Aurelian’s shares have sunk to as low as C$4 in the past few days on concern over its ownership stakes.

Aurelian’s FDN deposit contains some 13.7 million ounces of inferred gold – and Aurelian’s stake is worth only about C$500 million at today’s share prices. Even if one factors in the Ecuadorian government taking a very large ownership stake in this project upwards of 50%, these numbers don’t make much sense.

The price obviously reflects uncertainty in the outcome in Ecuador, which is certainly binary in nature – either the deposit is confiscated, or Aurelian retains some reasonable ownership stake and builds it. There are many good reasons to believe the odds favour the latter.

Given that the new mining mandate was reportedly drafted by a small faction of legislators, and that the Aurelian had previously made reasonable progress in negotiating with the Ministry of Mines for a stability agreement, there appears to be a reasonable hope that logic will eventually succeed in Ecuador.

Logically speaking, Ecuador will need an experienced mining company involved to have any hope of profitably developing FDN to help the country. The Ministry of Mines understands the difficulty of developing a large-scale mine, has generally been supportive of Aurelian’s efforts, and will likely get involved in the process long before any nationalization takes place.

That’s not to say there aren’t likely to be massive delays in FDN’s development, and that the government isn’t likely to take a big cut. But even with these reasonable assumptions for an outcome in effect, the numbers simply don’t make a tonne of sense.

CIBC analyst Barry Cooper finds a fair value of FDN at $12/share, assuming gold prices of $1,000/ounce, that Aurelian trades at its NAV, that the government takes a 50% ownership stake, and that there is a 10% discount rate for the project. Given the political situation and resolutions to prior conflicts in developing markets, these don’t appear to be unreasonable expectations to price in.

While tremendous risk remains in Ecuador, the fact of the matter remains that this is not another Venezuela run by pseudo-socialist dictator. For investors with speculative risk-taking ability, the shares warrant a close look. The prize of FDN’s massive deposit is too potentially lucrative to both the government and investors that it doesn’t get built in some shape or form. With the massive haircut in Aurelian’s share price, it seems more likely than ever that some of the major gold miners experienced in such political uncertainty start taking a very close look at the firm.

The same is true for other up and coming Ecuadorian developers, particularly Dynasty Metals & Mining [TSX:DMM], which was close to developing several sizeable deposits in the country. While exploration firms also have been tremendously bruised, we’d prefer to speculate on the rebound of developing producers as the value of these firms has been more clearly defined, and these firms have a more involved history of working with the government on the permitting and development of their deposits.

2nd UPDATE: Ecuador's Assembly Revokes Mining Concessions


18:30 EDT Friday, April 18, 2008

(Updates with comments from mining undersecretary and Corriente Resources)

By Mercedes Alvaro

Of DOW JONES NEWSWIRES

QUITO -(Dow Jones)- Ecuador's Constituent Assembly on Friday froze mining activity in the Andean nation by revoking most current mining concessions, and by suspending the remainder.

The Assembly, which is acting as the nation's legislature, passed the mining sector decree with 95 votes of its 130 members.

The move is another step in the government's program to gain more control over natural resources. A majority of the members of the Assembly are allied with left-leaning President Rafael Correa.

The Assembly is also drafting a new constitution for Ecuador.

There are around 4,112 mining concessions in the exploration phase in Ecuador, 590 in early development and 1,500 requests for new concessions.

"We have revoked around 80% of the mining concessions and have suspended the other 20%. We are recovering our natural resources. The concessions revoked will pass into the state's hands and in the future will be administrated by a new State Mining Corporation, which will be created soon," Betty Tola, a member of the government's Alianza Pais party, told Dow Jones Newswires.

Small mining concessions as well as the concessions for the mining of materials used in construction were excluded from the decree.

Assembly President Alberto Acosta called it "a historic day."

The Assembly decided to suspended the concessions for 180 days, starting Friday.

Assembly members said the concessions have been terminated because of a lack of investment, the absence of environmental impact studies, tax issues, problems with local communities, or the location of the concessions inside national parks, among other reasons.

The decree doesn´t specify which concessions were suspended and which revoked. That work will be carried out by the Mining and Oil Ministry.

According to the Assembly's decree, each private company will be allowed to have only three concessions. "We cannot accept that only one of the biggest mining companies has 33 concessions, with 90,000 hectares. We are saving the biodiversity and we are stopping the depredation of our natural resources," said Ana Mosser, an Alianza Pais member of the Assembly.

Ian Harris, general manager of EcuaCorriente SA, a subsidiary of Corriente Resources Inc. (ETQ), said that affected companies or their shareholders could file lawsuits against Ecuador.

"This is a possibility for all companies' boards and for their shareholders," he said.

Harris said that on Thursday and Friday, Aurelian Resources Inc. (ARU.T) and Corriente Resources "lost $400 million in stock market capitalization" brought about by a drop in their stock prices. "These resources could be invested in Ecuador," he said. "The country is losing the opportunity to capture investments."

Mining Undersecretary Jose Serrano told Dow Jones Newswires the ministry will begin work on the definition of the concessions that will be revoked and those that will be suspended for 180 days.

In January, the government revoked 587 mining concessions of local and foreign companies.

Local units of Corriente Resources, Aurelian Resources Inc., International Minerals Corp. (IMZ.T) and IamGold Corp. (IAG), among others, have mining concessions in Ecuador.

Ecuador's mining chamber said in a press release that the Andean country will scare away investment that it estimates could be worth some $2.0 billion. According to the chamber, the country also will lose $1.7 billion in projected taxes.

Correa, who took office last year, is following a model developed by Venezuela's socialist president, Hugo Chavez, to take more state control of resources and to engineer a new constitution for the nation via the a constituent assembly. Correa's actions also have extended to the petroleum sector, where the government is changing participation contracts with private companies into service contracts.

-By Mercedes Alvaro, Dow Jones Newswires; 59-39-9728-653; mercedes.alvaro@ dowjones.com


(END) Dow Jones Newswires
04-18-08 1829ET
Copyright (c) 2008 Dow Jones & Company, Inc.

© Copyright Dow Jones

http://www.haywood.com/pdffiles/ARUApr182008.pdf

Aurelian says mining "mandate" to go before Ecuador

2008-04-17 14:42 MT - News Release

Ms. Marla Gale reports

AURELIAN UPDATE RECENT MINING ANNOUNCEMENTS IN ECUADOR

Aurelian Resources Inc. understands that a mandate on mining in Ecuador will be presented to the constituent assembly in Ecuador tomorrow for debate and vote. Aurelian has not yet determined the impact of the mandate on the company. Aurelian does not know if the mandate will be approved.

Aurelian will provide further updates as developments progress.

Keith Barron can do another aru on the Colombia property.

mining gold there already :)))))))))))))))))))))))

HIGH GRADE

SHOULD be a big Money Financing deal after 4 to 1 RS

Avalanche names Barron as adviser, grants option

2008-04-08 08:57 MT - News Release

Mr. Sandy MacDougall reports

AVALANCHE MINERALS ANNOUNCES APPOINTMENT OF ADVISOR

Dr. Keith Barron, co-founder of Aurelian Resources Inc. and recipient of the PDAC International Discovery Award, has entered into a consulting agreement for advisory services with Avalanche Minerals Ltd. Dr. Barron has worked in mineral exploration for more than 25 years, for a wide variety of commodities and on all the continents except Antarctica. He has consulted for both junior and senior companies, as well as investment houses, with an expertise in epithermal gold deposits. He has previously worked for Gold Fields Mining, Battle Mountain Mining and Santa Fe Pacific Gold. Dr. Barron is co-founder of Aurelian Resources and founder of U3O8 Corp. He holds a PhD in geology from the University of Western Ontario and has written numerous scholarly works, as well as general mining interest articles for trade publications.

Dr. Barron's role will include lending his geological expertise as Avalanche advances its Ecuadorian and Colombian projects. Dr. Barron's experience dealing with industry and government officials will be welcomed by Avalanche. Avalanche has also granted Dr. Barron 400,000 incentive stock options as announced in it's news release in Stockwatch of April 3, 2008.

Avalanche's president, Sandy MacDougall, commented: "We are extremely fortunate to have a person of Keith's credentials join our team. His experience in South America will greatly benefit the company as we advance our projects in Ecuador and Colombia."

On January 24th /08 CIBC World Markets analyst Barry Cooper initiated coverage on Aurelian Resources.

Company Profile

Aurelian Resources Inc. (TSX: ARU) focused on their wholly-owned Condor Project, consisting of approximately 95,000 hectares in south-eastern Ecuador. Fruta del Norte (FDN), their flagship epithermal gold-silver deposit, was discovered in April 2006 and has a NI 43-101 compliant initial inferred resource of 13.7 million ounces of gold (58.9 million tonnes grading 7.23 g/t gold.

Event

In a note entitled “Scarcity Has A Price And It’s Higher Than Here” Cooper explains the reasons behind his Sector Outperform – Speculative rating and $20.00 target.

Takeaways From The Event

Cooper’s investment thesis is as follows “Aurelian holds the rights to a very large
profitable gold deposit in an era where there are few similarities. We think that there will be the potential for multiple bidders for the company as gold producers have outgrown Mother Nature's supply capabilities.”

Cooper believes that one of the main characteristics of the Fruta Del Norte (FDN) deposit is its high grades. He estimates that 35% of the ounces grade more than one-half ounce per ton. With initial underground costs for the operations in its first years estimated to be less than $150/oz, discounted cash flow analysis (11%if considering only an underground operation) or 13% for a more valuable underground/open pit combination) indicate that the company trades at 1x NPV using $800/oz gold (valuation includes royalties of 4%).

With Ecuador currently in the midst of assessing new mining laws which will be incorporated into constitutional reform, mining laws are scheduled to be determined before mid year thereby removing much of the political uncertainty (regarding royalties and profit sharing between Aurelian and the Ecuador government) overhanging the stock.

Cooper expects that initial mining at FDN is going to be based on a method known as long hole mining, which is similar to the extraction method used at the Hemlo camp in Canada. He estimates a mining rate of approximately 4,000 tonnes/day initially rising to 12,000 tonnes/day if the operation remains an underground mine.

Since there is no commercial power supply in the surrounding area of FDN, Aurelian has proposed using a nearby river to support power generation. This could possibly keep electricity costs “well below world averages and more importantly build goodwill if extra capacity were made available to local users.”

Cooper estimates $500 million in capital expenditures to build the mine.

Lastly, Cooper writes “with average production growth of major gold producers rising about 70% in the period 1996-02 versus flat to declining since then, the need for more deposits has never been more critical. [He] think[s] that Newmont’s announcement of its inability to replace reserves in 2007 is an omen of things to come for the industry. Companies have exceeded the production capacity that can be provided by both Mother Nature and social obstacles that exist in today’s environment.” With that as a backdrop, he believes the odds are high for Aurelian to be acquired. Furthermore, “Regardless of the probability of unfavorable political events, [Cooper is] convinced the market will apply some discount to Ecuadorian assets. Evidence of the discount is in the current Aurelian share price. But quantifying the right discount is difficult and [he] also knows that political discounts will ebb and flow with general market sentiment. What [he is] more convinced of is that the longer the bull market for gold continues, the more the discount will shrink due to the scarcity factor of the deposit.”

Upcoming Catalysts

1. Drill results will continue to be released and Cooper expects a combination of in-fill information and newly found ounces should corroborate the prior high-grade data.

2. Resolution of mining law is scheduled to be addressed by mid-year which should remove much of the uncertainty about economic participation by Aurelian and the government.

3. A resource update incorporating new drill data is expected to be released in the first half of the year. It is possible that some of the mineralization will move up a category in certainty and there could also be additions to the total ounces contained in the deposit.

4. Scoping studies on the deposit are being worked on with completion later in the year. Cooper thinks he has built in reasonably conservative estimates for mine construction in the present environment of rising costs.

5. He also thinks that clarity is likely to breed corporate interest in Aurelian and suspects that a bid for the shares will come within the 12-18 month investment timeframe.

Valuation and Price Target

On an Enterprise value (EV) per ounce in the ground basis (which is one of the most common valuations methods utilized for early stage development projects but also ignores capital costs, operating costs and recovery costs from ounces in nature to ounces for sale), Aurelian’s “shares sit near the median of simplistic EV/ounce calculations although at almost 50% below the average. When additional economic parameters are considered however, (as ounces are not created equally) [Cooper] believe[s] that FDN is not deserving of a discount that is this high.”
On a Total Acquisition Cost (TAC) basis, Cooper’s evaluation implies “that a takeover bid could be supported by paying a price of $184/oz. for the recovered resources at Aurelian with no value for upside.” This would equate to $17.83/share but the difficulty with this approach is that “for every $50/oz. move in the gold price there is an implied change in the ARU share price of $3.” The suitability of the TAC method lies in its ability to account for recoveries, capex and operating costs and then interweaving
the enterprise value to give a more comparable number on a per ounce basis.

On a discounted (10%) cash flow basis, “Aurelian is trading at a P/NAV of 0.7x compared to peers trading at 0.8x using the lower discount rate (of 5%).”

Cooper has envisaged a number of different valuations methods for Aurelian and he believes that “in the absence of political discounts [he] see[s] the share price being supported at prices above $15/sh.”

Investment Risks

Without limitation, some of the risks associated with Aurelian include, Cooper’s assumption for the gold price to average $1,000/oz in 2009, the expectation that Aurelian is acquired in the next 12-18 months, reserve and resource risks, development risk, country risk (including changes in mining law and government regulations) and economic risk, etc.

Geography, politics chill Aurelian takeover allure

ANDY HOFFMAN

00:00 EDT Thursday, July 19, 2007

http://www.globeinvestor.com/servlet/WireFeedRedirect?cf=GlobeInvestor/config&vg=BigAdVariableGe...

It is the proud owner of what is widely acknowledged as the greatest gold discovery of the decade. It is part of an industry undergoing rapid consolidation due to buoyant metal prices and a willingness by major producers to pay up for large deposits. Its shares rocketed up almost 13 per cent yesterday after it unveiled more positive drilling results.

So why is Aurelian Resources Inc. still here and not yet swallowed up in the takeover boom?

The answer, it seems, is geography and politics. Aurelian's Fruta del Norte gold and silver discovery, which analysts estimate could contain between 10 million and 16 million ounces of gold, is in Ecuador. The South American country has yet to unveil a new mining policy, and uncertainty about the intentions of its recently elected leftist President Rafael Correa are a millstone around Aurelian's potential fortunes.

"It is all about politics," Patrick Anderson, chief executive officer of the Toronto-based company, conceded in an interview yesterday.

All of the world's major gold producers are understood to have sized up Aurelian and mulled a potential takeover bid for the miner, which has a market value of $1.1-billion. Its stock has risen 80 per cent over the past year, and more than 2,300 per cent over three years. Aurelian has signed so-called confidentiality agreements with more than a dozen parties, Mr. Anderson said. But the company, which first began drilling the Fruta Del Norte deposit in April, 2006, has no firm offers so far and is not currently in discussions with any potential suitors.

An executive at one major gold producer said Aurelian's Ecuador holdings, the "Condor project," are some of the best undeveloped gold mining assets in the world. "We've been on site. We've had a look, and it is a bona fide discovery. It's real. This is not a Bre-X."

Despite a severe shortage of new gold discoveries and a desperate desire to add to gold reserves, the source said his company's board is unwilling to bid for assets it may not have full control over.

The gold majors want to avoid the political waiting game bedevilling Toronto's Crystallex International Corp., which is trying to develop its Las Cristinas mine in Venezuela but has waited roughly three years for a final government permit to allow mining to begin.

Mr. Anderson said Ecuador is nothing like Venezuela, and that Aurelian has had positive and constructive discussions with government officials.

"They've stated over and over again that they will respect contracts under the law as they stand. We've asked the minister of mines point blank, 'do you intend nationalization?' [and he has said] 'no.' ... They need to create a thriving industry to diversify their economy," Mr. Anderson said.

A number of foreign mining companies, including Iamgold Corp. of Toronto and Dynasty Metals and Mining Inc. of Vancouver, are also developing projects in the country.

Mr. Anderson expects Ecuador to complete a new mining policy in 2008 that will include a government royalty on mining profits. He anticipates royalties will be similar to those levied in Peru and Chile.

AURELIAN RESOURCES

Close: $8.40, up 96¢

Globe says Aurelian expected to fly high with Condor

2007-07-19 05:02 MT - In the News

The Globe and Mail reports in its Thursday, July 19, edition that Aurelian Resources moved up 96 cents to close Wednesday on the Toronto Stock Exchange at $8.40. The Globe's Allan Robinson writes in the Eye On Equities column the stock has a one-year trading range of $10.75 to $4.43. Recent drilling results by Aurelian Resources at the Condor gold project in Ecuador marks the completion of work needed for the first resource estimate expected this month, said Eric Zaunscherb, an analyst with Haywood Securities. Mr. Zaunscherb expects continued exploration will surpass his resource estimate of more than 16 million ounces. His share price target is $10. The stock was trading at $6.91, adjusted for a 4-for-one-split, on July 4, when The Globe's BNN Market Call column featured Aurelian as a buy pick. In the item Jones Heward Investment Counsel portfolio manager Bill Belovay said Aurelian was one of his to stock market picks. Aurelian Resources stock is down 20 cents since it was last recommended in the BNN Market Call column on May 23. The stock is down nearly a buck from when Dynamic Precious Metals Fund manager Robert Cohen said buy Aurelian in The Globe on Oct. 31.

5 day ARU ...

Latest drill hole map ...

Aurelian Intersects 172.70 Metres Grading 7.71 g/t of Gold in Infill Drilling and 158.64 Metres Grading 8.13 g/t of Gold at the Eastern Edge of FDN

08:50 EDT Wednesday, July 18, 2007

http://www.globeinvestor.com/servlet/WireFeedRedirect?cf=GlobeInvestor/config&vg=BigAdVariableGe...

TORONTO, ONTARIO--(CCNMatthews - July 18, 2007) - Aurelian Resources Inc. (TSX:ARU) today announced results from 10 additional drill holes from the buried epithermal gold-silver discovery at Fruta Del Norte (FDN) on its wholly-owned Condor Project in south-eastern Ecuador. These include 172.70 metres grading 7.71 g/t of gold ("Au") and 8.2 g/t of silver ("Ag") in infill drill hole CP-07-130 and 158.64 metres grading 8.13 g/t Au and 11.3 g/t Ag in CP-07-126 at the eastern edge of the deposit. The drill holes are from sections 9583300N and 9583200N respectively.

"We've had good success in this most recent round of drilling. The results confirm the geometry and grade of known zones of FDN, while also adding new mineralisation at depth and to the east," says Patrick F.N. Anderson, Aurelian's President and CEO. "Drilling is now complete for the inferred resource estimate and once all the assays are in from the lab, our independent engineers, Micon International, will finalise their interpretation."

Mr. Anderson adds, "Drilling will continue at FDN as we build on the initial resource by targeting open areas of the deposit to the south, north and east. Meanwhile, a separate regional exploration team is continuing to drill at the El Tigre gold target and preparing other gold targets for drilling along strike from FDN."

A table containing more complete intercepts from the 10 drill holes is listed below while maps, cross sections, photos and full gold and silver assay data from this and previous press releases may be viewed at www.aurelian.ca.

FDN Results

Results are summarized in the tables below. Intervals containing high grade assays have also been re-calculated using a top cut of 105 g/t of gold.

-------------------------------------------------------------------------
Uncut data
-------------------------------------------------------------------------
Cross Drill From To Interval
section hole (metres) (metres) (metres) Au g/t Ag g/t
-------------------------------------------------------------------------
9582700N CP-07-117 358.10 388.88 30.78 1.02 6.2
---------------------------------------------------------------
CP-07-117 397.88 589.44 (EOH) 191.56 1.84 11.9
-------------------------------------------------------------------------
CP-07-124 376.00 502.00 126.00 1.72 5.0
---------------------------------------------------------------
CP-07-124 513.64 538.00 24.36 2.70 6.1
---------------------------------------------------------------
CP-07-124 547.00 557.60 10.60 15.86 6.3
---------------------------------------------------------------
9582900N including 555.20 555.70 0.50 311.00 84.2
---------------------------------------------------------------
CP-07-124 563.71 611.00 47.29 15.19 12.6
---------------------------------------------------------------
including 563.71 564.85 1.14 59.90 70.6
---------------------------------------------------------------
and 591.20 591.60 0.40 1535.00 643.0
---------------------------------------------------------------
CP-07-124 619.00 625.50 (EOH) 6.50 5.05 59.0
-------------------------------------------------------------------------
CP-07-126 215.00 373.64 158.64 8.13 11.3
---------------------------------------------------------------
including 235.00 247.10 12.10 14.51 15.3
---------------------------------------------------------------
9583200N and 341.47 344.62 3.15 256.81 208.6
---------------------------------------------------------------
CP-07-126 566.12 568.12 2.00 22.40 19.2
---------------------------------------------------------------
CP-07-127 369.00 374.00 5.00 1.03 3.0
-------------------------------------------------------------------------
9583300N CP-07-130 250.00 422.70 172.70 7.71 8.2
---------------------------------------------------------------
including 252.00 293.40 41.40 22.32 11.2
-------------------------------------------------------------------------
CP-07-128A 425.80 503.80 78.00 2.73 31.8
---------------------------------------------------------------
9583400N including 453.10 489.10 36.00 4.68 49.6
---------------------------------------------------------------
CP-07-128A 551.60 595.40 43.80 0.96 21.3
-------------------------------------------------------------------------
9583500N CP-07-121 443.50 448.15 4.65 1.02 2.1
-------------------------------------------------------------------------
CP-07-120 150.70 423.50 272.80 5.79 8.0
---------------------------------------------------------------
including 239.79 256.80 17.01 11.18 9.8
---------------------------------------------------------------
9583600N and 269.35 308.60 39.25 8.06 8.0
---------------------------------------------------------------
and 318.50 332.05 13.55 21.26 17.9
---------------------------------------------------------------
and 356.50 368.00 11.50 22.88 15.1
-------------------------------------------------------------------------
9583700N CP-07-123 No significant intercepts
-------------------------------------------------------------------------
9583900N CP-07-122 No significant intercepts
-------------------------------------------------------------------------
Note: intervals are calculated using a lower cut of 0.5 g/t Au and no top
cut, they include a maximum of 5 metres internal waste.
-------------------------------------------------------------------------


-------------------------------------------------------------------------
Intervals with a top cut of 105g/t Au
-------------------------------------------------------------------------
Cross Drill From To Interval
section hole (metres) (metres) (metres) Au g/t Ag g/t
-------------------------------------------------------------------------
9582900N CP-07-124 547.00 557.60 10.60 6.14 6.3
---------------------------------------------------------------
CP-07-124 563.71 611.00 47.29 3.10 12.6
-------------------------------------------------------------------------
9583200N CP-07-126 215.00 373.64 158.64 4.75 11.3
-------------------------------------------------------------------------
9583300N CP-07-130 250.00 422.70 172.70 7.53 8.2
-------------------------------------------------------------------------
Note: intervals are calculated using a lower cut of 0.5 g/t Au and a 105
g/t Au top cut, they include a maximum of 5 metres internal waste.
-------------------------------------------------------------------------


CP-07-117 (azimuth 095/dip -65) was drilled on section 9582700N to test the south-southeast trend of the system towards the Bonza-Las Penas epithermal deposit 500 metres further south. The drill hole intersected quartz sinter buried below the Suarez formation sediments at 350 metres before drilling into a well-developed epithermal stockwork assaying 30.78 metres at 1.02 g/t Au and 6.2 g/t Ag, followed by 191.56 metres at 1.84 g/t Au and 11.9 g/t Ag to end of hole at 589.44 metres.

On section 9582900N, infill drill hole CP-07-124 (azimuth 95/dip -62) intersected epithermal stockwork veining and narrow veins. The initial zone of stockwork was a 126 metre interval assaying 1.72 g/t Au, followed at depth by less intense stockwork and narrow veins, but containing some significant visible gold. Assays from this zone include 0.4 metres grading 1535 g/t Au and 643 g/t Ag from stockwork veining and 0.5 metres grading 311 g/t Au and 84.2 g/t Ag and 1.14 metres grading 59.90 g/t Au and 70.6 g/t Ag from narrow-banded epithermal veins.

Two holes have been completed on section 9583200N, with CP-07-126 (azimuth 90/dip -58) intersecting a zone of intense epithermal mineralisation at 215 metres below the Suarez formation sediments. Mineralisation weakened down hole but still returned 158.64 metres at 8.13 g/t Au and 11.3 g/t Ag, including 12.10 metres at 14.51 g/t Au and 15.3 g/t Ag and a narrow high grade vein assaying 3.15 metres at 256.81 g/t Au and 208.6 g/t Ag. The intercept is east of previously released drill holes on this section.

Further east again, drill hole CP-07-127 (azimuth 90/dip -58) intersected only weak mineralisation, with best assays of 5.00 metres at 1.03 g/t Au and 3.0 g/t Ag.

CP-07-130 (azimuth 88/dip -54) was drilled as an infill hole on section 9583300N but was also angled to test the eastern extent of the system. The hole intersected very intense stockwork veining, returning 172.70 metres at 7.71 g/t Au and 8.2 g/t Ag, with the upper part including an interval assaying 41.40 metres at 22.32 g/t Au and 11.2 g/t Ag.

Further north on section 9583400N, hole CP-07-128A (azimuth 100/dip -61) was completed to test the system at depth. The hole successfully intersected epithermal stockwork veining below previous drilling. The best interval assayed 78 metres at 2.73 g/t Au and 31.8 g/t Ag which includes 36 metres at 4.68 g/t Au and 49.6 g/t Ag.

From the same drill platform drill hole CP-07-121 was angled north (azimuth 76/dip -66) to test the system at depth on section 9583500N. The hole dropped significantly from the collar orientation, resulting in the hole intersecting the system below where it is truncated by the west fault. The best intercept returned was 4.65 metres at 1.02 g/t Au and 2.1 g/t Ag.

A scissor hole CP-07-120 (azimuth 270/dip -75) was completed on section 9583600N and was designed to help define where the system intersects the west fault. The drill hole intersected the top of the mineralised FDN block at 150.70 metres down hole and stayed in mineralisation until hitting the west fault at 423.50 metres, the interval assaying 272.80 metres at 5.79 g/t Au and 8.0 g/t Ag.

Two holes were completed at the north end of the FDN deposit to close off the system to the east for the upcoming resource modeling. Holes CP-07-123 (azimuth 91/dip -50) and CP-07-122 (azimuth 90/dip -50) were drilled on sections 9583700N and 9583900N respectively. Both holes intersected only weak, low grade mineralisation without significant assays, as anticipated.

Results from 74 diamond drill holes have been released for the FDN prospect to date. Further drill results will be released as analytical data are received, validated and compiled.

The FDN target is interpreted to be an intermediate sulphidation epithermal gold-silver system. The deposit is buried by dominantly post-mineralisation basin infill sediments (Suarez Formation) of Jurassic age within a pull-apart basin. The hydrothermal system is characterized by a combination of multiphase quartz-carbonate-sulphide stock work veining and hydrothermal brecciation within intensely silicified andesitic volcanic rocks that underlie the basin.

Drilling at the FDN deposit has outlined a mineralised envelope that is traceable continuously for over 1200 metres along strike, exceeds 100 metres in width through the central and southern portions, dips moderately westward through to vertical and has a vertical extent of over 250 metres. Drill holes intersect this envelope at an angle and therefore drill hole intercept widths reported in this press release are not true widths.

Samples consist of half NQ, NTW and BTW-size diamond core that are split by diamond saw on site, prepared at the ALS Chemex laboratory in Quito, and assayed by 50g fire assay with an AAS or gravimetric finish at the ALS Chemex Lima Laboratory. The quality assurance-quality control (QA-QC) program of Aurelian includes the insertion of certified standards of known gold content every 20 samples, blanks at least every 20 samples and field or lab duplicates every 20 samples. Samples from significant drill intercepts are sent to two additional laboratories to verify gold and silver analyses. Metallic screen fire analyses for gold are also regularly run as additional QA-QC checks. The remaining half core is retained for verification and reference purposes.

Stephen Leary (MAusIMM), Aurelian's Exploration Manager, is acting as Qualified Person in compliance with National Instrument 43-101 with respect to this release. He has reviewed the contents for accuracy.

About Aurelian:

Aurelian Resources Inc. is a publicly-listed (TSX:ARU) resource company engaged in the business of exploring, discovering and developing mineral wealth in Ecuador. The Fruta del Norte discovery lies at the heart of the Condor Project properties, located in south-eastern Ecuador and consisting of 38 mining concessions totaling approximately 95,000 hectares. Aurelian is committed to working with the government and people of Ecuador to achieve a modern, sustainable mining industry, which will play an important role in the future growth of the country. Visit www.aurelian.ca for more information.

Forward Looking Statement:

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralisation and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.

FOR FURTHER INFORMATION PLEASE CONTACT:

Aurelian Resources Inc.
Patrick F. N. Anderson
President & CEO
(416) 868-9100

Email: pfnanderson@aurelian.ca


or

Aurelian Resources Inc.
Marla Gale
Investor Relations
(416) 868-9100

Email: mgale@aurelian.ca
Website: www.aurelian.ca

Post says manager likes Aurelian despite political risk

2007-07-17 06:06 MT - In the News

The Financial Post reports in its Tuesday edition that Robert Decker, managing partner in Aurion Capital Management, likes Aurelian Resources ($7.32). The Post's Sonita Horvitch, writing in Buy & Sell, says Mr. Decker, Craig MacAdam and Greg Taylor look after Aurion's Canadian equity portfolio. Aurelian is a Toronto-based company that has a market cap of $1.2-billion and represents 1 per cent of the portfolio. The company holds the Cordillera del Condor gold prospect, made up of 95,464 hectares in Ecuador. Cordillera del Condor is an early-stage mining project but it has huge potential, says Mr. Taylor. The stock trades at a discount to its peers on "the perceived sovereign risk, but we consider that this discount is unwarranted." Aurelian will be coming out with a reserve estimate shortly, he says, "and the political situation in the country should be resolved." The three managers have been taking money out of higher beta (more volatile) stocks and those with higher valuations and putting the proceeds into less volatile stocks that trade at lower valuations. They have been reducing their bank and base metals holdings and adding to their gold weightings, with some emphasis on the juniors.

Aurelian Resources 4:1 share split

2007-07-06 19:23 ET - Share Split
Shares issued 133,242,460
ARU Close 2007-07-05 C$ 28.61


TSX bulletin 2007-0963

The common shares of the company will be posted for trading at the open on Tuesday, July 10, 2007, on a 4:1 split basis. The subdivision will be effected by issuing on or about July 13, 2007, to holders of common shares of record as of the close on Thursday, July 12, 2007, a certificate representing three additional common shares for each common share held as of such record date.

The common shares will commence trading on an ex distribution basis on the Toronto Stock Exchange at the open on Tuesday, July 10, 2007, and on any transactions on or after this date, delivery may be made covering only one-quarter of the common shares sold, with the balance of such transactions being on a when-issued basis, delivery to be completed when the additional common shares have been received by the registered shareholders.

split is next week

So far so good. Lets see what next week brings...

Lets see if the americans wack it tomorrow

Will be interesting to see if this rally is due to some
( maybe many ) hoping to trade the stock split...

Globe says let Aurelian rule your investment portfolio

2007-07-04 05:57 MT - In the News

The Globe and Mail reports in its Wednesday, July 4, edition that Jones Heward Investment Counsel portfolio manager Bill Belovay sees opportunity in Aurelian Resources. The Globe's Maureen Darrigo writes in the BNN Market Call column that Aurelian Resources stock finished trading Tuesday on the Toronto Stock Exchange at $26.75, up $1.79. Aurelian Resources stock has a 52-week trading range of $43 to $17. Mr. Belovay says, "Aurelian remains a top pick as they are at what is described as the final stage of the company being acquired." Mr. Belovay believes we are in the "summer doldrums." He looks to the metals traders whom he says "cannot find direction." Mr. Belovay sees Tuesday's announcement by Teck Cominco to acquire Aur Resources as "the spark that could ignite a bit of merger madness into our market." Mr. Belovay manages the BMO Resource and the BMO Precious Metals Funds. BMO Resource Fund has total assets of $300-million. The top five holdings in the fund are Aurelian Resources, EnCana, Niko Resources, Stillwater Mining and Nexen. Aurelian Resources stock is down $6.15 since it was last recommended in the BNN Market Call column on May 23. An investment of $1,000 then is now worth $813.06.

yup exactly

if the core looked good it would go to the lab

interesting they have enough cash for three years at current burn rate

they are in no rush

el-tigre a bust so far??

http://www.aurelian.ca/media/Web_cast_Questions_and_Answers.pdf

ya some hot drill holes plus the 4 to 1 split

This is for the share split?

And some results to spice things up a bit?

Aurelian Resources to hold special meeting June 20

2007-06-14 10:25 MT - News Release

Ms. Marla Gale reports

AURELIAN RESOURCES INC. ANNUAL AND SPECIAL MEETING - JUNE 20, 2007

Aurelian Resources Inc. will hold its annual and special meeting on June 20, 2007, at 2 p.m. Eastern Time.

To listen to this event, please go on-line.

Aurelian's CFO to leave Aug. 31

2007-06-11 07:19 MT - News Release

Mr. Patrick Anderson reports

DAVID LEWIS TO LEAVE AURELIAN ON AUGUST 31; SEARCH FOR REPLACEMENT CFO HAS BEGUN

David R. Lewis, chief financial officer since July, 2004, will be leaving Aurelian Resources Inc. effective Aug. 31, 2007.

"We appreciate David's contributions to Aurelian over the past three years," says Patrick F.N. Anderson, Aurelian's president and chief executive officer. "We wish him all the best as he continues his preferred role of taking private and newly public companies through their early development stages. Our search has already begun for a new CFO who will strengthen our team for the next stage of Aurelian's evolution -- development of our wholly owned Fruta del Norte deposit in Ecuador."

Mr. Lewis comments: "Aurelian is well financed and in possession of a superb asset. I am proud to have been involved with the company's achievements, including sizable financings and graduation to the TSX. I have enjoyed working with the Aurelian team and wish them continued success."

Drill map to hole #119...

Aurelian Intersects 72.83 Metres Grading 7.63 g/t Gold and 78.00 Metres Grading 5.26 g/t Gold in Drilling at FDN
Wednesday June 6, 9:10 am ET

http://biz.yahoo.com/ccn/070606/200706060395400001.html?.v=1

TORONTO, ONTARIO--(CCNMatthews - June 6, 2007) - Aurelian Resources Inc. (TSX:ARU - News) today announced results from 11 additional drill holes from the buried epithermal gold-silver discovery at Fruta Del Norte (FDN) on its wholly-owned Condor Project in south-eastern Ecuador. These include 72.83 metres grading 7.63 g/t gold ("Au") and 15.3 g/t silver ("Ag") in CP-07-110 and 78.00 metres grading 5.26 g/t Au and 5.6 g/t Ag in CP-07-112. Both drill holes have added significant mineralisation, bringing the deposit closer to the surface on sections 9583700N and 9583500N respectively. In the northern portion of the deposit on section 9583800N, infill hole CP-07-119 intercepted 82.90 metres grading 4.11 g/t Au and 7.8 g/t Ag.

On section 9583700 N, scissor hole CP-07-114 intersected 77.70 metres grading 6.26 g/t Au and 15.3 g/t Ag and further down in the same hole there is an intercept of 190.85 metres grading 6.09 g/t Au and 7.5 g/t Ag.

At the south end of the FDN system, drill hole CP-07-116A intersected 147.70 metres grading 2.37 g/t Au and 6.6 g/t Ag followed by 89.70 metres grading 3.27 g/t Au and 12.6 g/t Ag, in an area where the mineralisation has spread over a horizontal width of approximately 300 metres.

"FDN continues to expand based on excellent results from our infill and step-out drilling," says Patrick F.N. Anderson, Aurelian's President and CEO. "Work on our Condor project carries on unabated and Aurelian has become the largest employer in the local area, with more than 200 personnel on-site. We expect the environment in Ecuador to continue to be favourable for business as the government develops and then finalizes its mining policy and laws. We anticipate any new policy or laws to be based on the framework the Ministry of Energy and Mines released publicly in March - no nationalization, possible introduction of a royalty similar to those seen in Chile and Peru and respect for the environment and local communities. Aurelian is committed to working with the government and people of Ecuador to achieve a modern, sustainable mining industry, which will play an important role in the future growth of the country."

Mr. Anderson adds, "We are within several weeks of completing the drilling to be included in our 43-101 resource, which should result in release of the report summary in mid-summer along with metallurgical studies."

A table containing more complete intercepts from the 11 drill holes is listed below while maps, cross sections, photos and full gold and silver assay data from this and previous press releases may be viewed at www.aurelian.ca.

FDN Results

Results are summarized in the tables below. Intervals containing high grade assays have also been re-calculated using a top cut of 105 g/t gold.


---------------------------------------------------------------------------
Uncut data
---------------------------------------------------------------------------
Cross Drill hole From To Interval
section (metres) (metres) (metres) Au g/t Ag g/t
---------------------------------------------------------------------------
9582600N CP-07-108 No significant assays
---------------------------------------------------------------------------
CP-07-116A 405.50 553.20 147.70 2.37 6.6
--------------------------------------------------------------
including 453.65 472.40 18.75 4.19 5.4
--------------------------------------------------------------
9582700N CP-07-116A 560.00 649.70 89.70 3.27 12.6
--------------------------------------------------------------
including 593.20 607.60 14.40 10.54 31.9
--------------------------------------------------------------
which includes 593.20 593.50 0.30 304.00 688.0
---------------------------------------------------------------------------
CP-07-109 604.10 656.62 52.52 2.18 1.3
--------------------------------------------------------------
9582800N including 617.15 626.00 8.85 7.56 4.2
--------------------------------------------------------------
CP-07-109 663.34 693.00 29.66 1.03 2.0
--------------------------------------------------------------
CP-07-109 740.20 743.20 3.00 4.96 5.0
---------------------------------------------------------------------------
CP-07-118 317.79 403.00 85.21 2.94 5.5
--------------------------------------------------------------
including 338.10 360.60 22.50 8.60 6.5
--------------------------------------------------------------
which includes 359.00 359.57 0.57 199.50 54.5
--------------------------------------------------------------
9583000N CP-07-118 451.00 557.00 106.00 1.38 7.8
--------------------------------------------------------------
including 472.00 474.00 2.00 33.50 47.6
--------------------------------------------------------------
CP-07-118 618.00 646.91 28.91 1.80 8.9
--------------------------------------------------------------
including 629.50 630.50 1.00 34.10 113.0
---------------------------------------------------------------------------
9583400N CP-07-113 289.00 431.50 142.50 4.70 10.4
--------------------------------------------------------------
including 290.35 317.52 27.17 9.84 11.4
---------------------------------------------------------------------------
CP-07-112 164.30 242.30 78.00 5.26 5.6
--------------------------------------------------------------
9583500N including 164.30 216.00 51.70 7.26 7.2
--------------------------------------------------------------
CP-07-115 141.00 169.60 28.60 1.10 5.4
---------------------------------------------------------------------------
CP-07-110 112.35 185.18 72.83 7.63 15.3
--------------------------------------------------------------
including 151.57 184.18 32.61 14.33 21.6
--------------------------------------------------------------
CP-07-111 228.13 239.00 10.87 1.43 4.9
--------------------------------------------------------------
9583700N CP-07-114 144.00 221.70 77.70 6.26 15.3
--------------------------------------------------------------
including 158.80 201.60 42.80 9.69 17.6
--------------------------------------------------------------
CP-07-114 244.50 435.35 190.85 6.09 7.5
--------------------------------------------------------------
including 288.96 345.73 56.77 10.73 10.6
--------------------------------------------------------------
and including 397.90 425.90 28.00 10.18 12.2
---------------------------------------------------------------------------
9583800N CP-07-119 156.70 239.60 82.90 4.11 7.8
--------------------------------------------------------------
including 202.65 209.80 7.15 17.54 17.0
---------------------------------------------------------------------------
Note: intervals are calculated using a lower cut of 0.5 g/t Au and no top
cut, they include a maximum of 5 metres internal waste.
---------------------------------------------------------------------------

---------------------------------------------------------------------------
Intervals with a top cut of 105g/t Au
---------------------------------------------------------------------------
Cross Drill hole From To Interval
section (metres) (metres) (metres) Au g/t Ag g/t
---------------------------------------------------------------------------
9582700N CP-07-116A 560.00 649.70 89.70 2.61 12.57
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9583000N CP-07-118 317.79 403.00 85.21 2.31 5.52
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Note: intervals are calculated using a lower cut of 0.5 g/t Au and a 105
g/t Au top cut, they include a maximum of five metres internal waste.
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CP-07-108 (azimuth 090/dip -76) was drilled on section 9582600N to test the down faulted western block to the west of CP-07-99 (PR May 2, 2007). The hole did not intersect significant mineralisation.

On section 9582700N, CP-07-116A (Azimuth 91/dip -65) intersected a broad zone of epithermal stockwork veining and narrow veins returning best intercepts of 147.70 metres grading 2.37 g/t Au and 6.6 g/t Ag and 89.70 metres grading 3.27 g/t Au and 12.6 g/t Ag. The hole is part of a five-hole fence drilled to test the southern part of the system. The results and geological core logging indicate that the system is broadening to the south and is up to 300 metres wide on this section.

Drill hole CP-07-109 (azimuth 90/dip - 63) was drilled on section 9582800N and tested the area west and down dip of previously reported holes CP-06-90 and -94 (PR January 31, 2007 / March 27, 2007). The hole intersected dispersed epithermal stockwork veining between approximately 600 metres and 700 metres down hole, with the best intersection assaying 52.52 metres at 2.18 g/t Au and 1.3 g/t Ag, including 8.85 metres at 7.56 g/t Au and 4.2 g/t Ag.

An eastward step-out hole on 9583000N (CP-07-118; azimuth 089/dip -60) successfully intersected several broad zones of epithermal stockwork veining, including an intercept of 22.50 metres assaying 8.60 g/t Au and 6.5 g/t Ag within a wider interval of 85.21 metres assaying 2.94 g/t Au and 5.5 g/t Ag. This hole confirms the eastward broadening of the FDN mineralisation to the south, beginning at around 9583000N.

CP-07-113 (azimuth 0269/dip -60) is a second scissor hole on section 9583400N and intersected a broad zone of epithermal brecciation and veining with visible gold. The hole assayed 142.50 metres at 4.70 g/t Au and 10.4 g/t Ag, including 27.17 metres at 9.84 g/t Au and 11.4 g/t Ag. The hole went through a lower grade zone on section 9583400N but confirms the geometry and intensity of mineralisation previously intersected on this section.

Drill hole CP-07-112 (azimuth 090/dip -52) was drilled to test the extent of mineralisation on section 9583500N, up-dip of CP-06-60 (PR July 7, 2006). The drill hole intersected approximately 80 metres of epithermal stockwork veining, adding additional cross-sectional area to the eastern part of the FDN block on this section. The best interval in CP-07-112 assayed 78.00 metres at 5.26 g/t Au and 5.6 g/t Ag.

Also on section 9583500N, CP-07-115 (azimuth 090/dip -52) tested the FDN system further up-dip of CP-07-112. The hole intersected a zone of epithermal stockwork veining assaying 28.60 metres at 1.10 g/t Au and 5.4 g/t Ag. This hole and other recently drilled in a similar location on other sections show that a small internal fault has stepped the mineralisation down to the west by approximately 50 metres. This has added a significant volume of mineralisation.

Several holes were drilled on section 9583700N, including two shallower holes (CP-07-110 and -111) to test the area eastward and up-dip of CP-06-65 and -67 (PR September 14, 2006 / October 18, 2006). Hole CP-07-110 (azimuth 090/dip -59) intersected epithermal breccia, stockwork and veining with the best intercept assaying 72.83 metres at 7.63 g/t Au and 15.3 g/t Ag. Hole CP-07-111 (azimuth 089/dip -50) was drilled from the same drill pad but at a shallower angle. This hole also intersected epithermal stockwork and veining, but with weaker gold mineralisation. The best intercept assayed 10.87 metres at 1.43 g/t Au and 4.9 g/t Ag.

Also on section 9583700N, hole CP-07-114 (azimuth 270/dip -80) was drilled as a scissor hole to test the mineralisation at depth. Drilled down dip, the hole encountered a very intense zone of epithermal brecciation, stockwork and veining, with significant intervals including 77.70 metres grading 6.26 g/t Au and 15.3 g/t Ag followed by 190.85 metres grading 6.09 g/t Au and 7.5 g/t Ag. As this was a scissor hole, the intercept does not represent a true width, although it does demonstrate the continuity of mineralisation over 250 vertical metres on this section.

Drill hole CP-07-119 (azimuth 091/dip -55) was an infill hole on section 9583800N between holes CP-06-69 and -75 (PR October 18, 2006 / December 15, 2006). The hole intersected a broad zone of epithermal brecciation and veining, with the best intercept assaying 82.90 metres at 4.11 g/t Au and 7.8 g/t Ag.

Results from 64 diamond drill holes have been released for the FDN prospect to date. Further drill results will be released as analytical data are received, validated and compiled.

The FDN target is interpreted to be an intermediate sulphidation epithermal gold-silver system. The deposit is buried by dominantly post-mineralisation basin infill sediments (Suarez Formation) of Jurassic age within a pull-apart basin. The hydrothermal system is characterized by a combination of multiphase quartz-carbonate-sulphide stock work veining and hydrothermal brecciation within intensely silicified andesitic volcanic rocks that underlie the basin. In the southern part of FDN (south of 9583500N), the system is interpreted to dip moderately to steeply westward with a vertical structure bounding it to the east, and is cut by a steep east-dipping fault to the west. At the north end of the system (including and north of section 9583500N) the vein orientations and correlation of mineralisation between drill holes indicates that the system is vertical. South of 9583000N the system broadens into a zone of epithermal stockwork and larger veins that is up to 300 metres in horizontal width. In this part of the system the main upflow zone is interpreted to have moved from west to east.

Drilling at the FDN deposit has outlined a mineralized envelope that is traceable continuously for over 1200 metres along strike, exceeds 100 metres in width through the central and southern portions, dips moderately westward through to vertical and has a vertical extent of over 250 metres. Drill holes intersect this envelope at an angle and therefore drill hole intercept widths reported in this press release are not true widths.

Samples consist of half NQ, NTW and BTW-size diamond core that are split by diamond saw on site, prepared at the ALS Chemex laboratory in Quito, and assayed by 50g fire assay with an AAS or gravimetric finish at the ALS Chemex Lima Laboratory. The quality assurance-quality control (QA-QC) program of Aurelian includes the insertion of certified standards of known gold content every 20 samples, blanks at least every 20 samples and field or lab duplicates every 20 samples. Samples from significant drill intercepts are sent to two additional laboratories to verify gold and silver analyses. Metallic screen fire analyses for Au are also regularly run as additional QA-QC checks. The remaining half core is retained for verification and reference purposes.

Stephen Leary (MAusIMM), Aurelian's Exploration Manager, is acting as Qualified Person in compliance with National Instrument 43-101 with respect to this release. He has reviewed the contents for accuracy.

About Aurelian:

Aurelian Resources Inc. is a publicly-listed (TSX:ARU - News) resource company engaged in the business of exploring, discovering and developing mineral wealth in Ecuador. The Fruta del Norte discovery lies at the heart of the Condor Project properties, located in south-eastern Ecuador and consisting of 38 mining concessions totaling approximately 95,000 hectares.

Forward Looking Statement:

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralisation and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.


Contact:

Patrick F. N. Anderson
Aurelian Resources Inc.
President & CEO
(416) 868-9100
Email: pfnanderson@aurelian.ca

Marla Gale
Aurelian Resources Inc.
Investor Relations
(416) 868-9100
Email: mgale@aurelian.ca
Website: www.aurelian.ca

Source: Aurelian Resources Inc.

Aurelian Seeks Shareholder Approval for Stock Split
Monday May 28, 8:15 am ET

http://biz.yahoo.com/ccn/070528/200705280393253001.html?.v=1

TORONTO, ONTARIO--(CCNMatthews - May 28, 2007) - Aurelian Resources Inc. (TSX:ARU - News) today announced that it is seeking shareholder approval for a four-for-one split of its common shares. Shareholders will vote on the proposal at Aurelian's annual and special meeting, scheduled for June 20th.

"The proposed split should bring our share price below $10, allowing for broader participation in ARU stock and, ultimately, resulting in enhanced liquidity and an expanded shareholder base," says Patrick F.N. Anderson, Aurelian's President & CEO. "We appreciate the market's enthusiastic reaction to our gold discovery in Ecuador and the resulting increase in the value our shares over the past year. Our goal is to make ARU stock easily accessible once again to individual investors."

Currently, Aurelian has 33.3 million shares outstanding. Upon implementation of the stock split, this number will increase to 133.2 million shares.

About Aurelian:

Aurelian Resources Inc. is a publicly-listed (TSX:ARU - News) resource company engaged in the business of exploring, discovering and developing mineral wealth in Ecuador. The Fruta del Norte discovery lies at the heart of the Condor Project properties, located in south-eastern Ecuador and consisting of 38 mining concessions totaling approximately 95,000 hectares. See www.aurelian.ca for more information.

Forward Looking Statement:

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.


Contact:

Patrick F.N. Anderson
Aurelian Resources Inc.
President & CEO
(416) 868-9100
Email: pfnanderson@aurelian.ca

Marla Gale
Aurelian Resources Inc.
Investor Relations
(416) 868-9100
Email: mgale@aurelian.ca
Website: www.aurelian.ca

Source: Aurelian Resources Inc.

False rumour based on misquote according to Aurelian spokesperson (update)

http://communities.canada.com/nationalpost/blogs/tradingdesk/archive/2007/05/25/false-rumour-based-o...

The rumour that sent Aurelian Resources Inc.'s (ARU/TSX) shares tumbling Friday is based on a misquote and has no basis, according to Aurelian investor relations spokesperson, Marla Gale.

According to a U.S.-based analysis service, known as Stratfor, Ecuadorian government minister Gustavo Larrea said Thursday that Ecuador plans on reforming laws regarding foreign investment in the country that would allow it to assume as much as 80% of the earnings from the oil&gas and mining sectors.

Mr. Larrea, however, never made mention of mining in his statement, Ms Gale said in phone interview, and was referring solely to the oil&gas industry, which Ms. Gale believes already has almost 65% of its earnings assumed by the state.

She added that the confusion could have stemmed from the fact that Ecuador does not have a dedicated mining ministry, but instead a combined Ministry of Energy and Mining.

"Hence, when the government makes statements about oil & gas (which is a much more established industry), sometimes the assumption is made that the statements also refer to mining. We have seen this happen before," she wrote in an email.

Friday is a national holiday in Ecuador and Ms. Gale said the government will make a statement of clarification on Monday.

David Pett
dpett@nationalpost.com

wow was a roller coaster today

Aurelian seeks clarification on Ecuador news article

2007-05-25 09:33 MT - News Release

Ms. Marla Gale reports

AURELIAN COMMENTS ON ECUADORIAN NEWS ARTICLE

Aurelian Resources Inc. has become aware of a single news story that has been published on the Internet commenting on potential changes to Ecuador's foreign investment law. The company does not believe that there is any basis to this report. Aurelian is doing everything within its power to get clarification from the government since this single news story is completely contrary to the government's earlier statements confirming its desire to build a mining industry in Ecuador and create a stable environment for foreign investment.

Globe says Aurelian expected to remain a golden play

2007-05-23 04:50 MT - In the News

The Globe and Mail reports in its Wednesday, May 23, edition that Sprott Asset Management senior portfolio manager Jean-Francois Tardif sees opportunity in Aurelian Resources. The Globe's Maureen Darrigo writes in the BNN Market Call column that Aurelian stock climbed 93 cents Tuesday to close on the Toronto Stock Exchange at $32.90. The stock has an incredibly wide one-year trading range of $43 to $4.51. Mr. Tardif says gold and more gold drives this resource play. Mr. Tardif says he is looking for continued success at Aurelian. Mr. Tardif says he likes how Aurelian increased its reserves. Mr. Tardif says global stock markets continue to strengthen with some outperformers, such as China. Although earnings multiples continue to expand, Mr. Tardif sees a few cracks such as the continued weakening in the United States housing market. "It's time to be careful," says Mr. Tardif. He manages the Sprott Opportunities Hedge Fund. The fund's top six holdings are Aurelian, Aastra Energy Group, Universal Energy Group, Rally Energy, Major Drilling and Genivar Income Fund. In June, 2006, Mr. Tardif said buy Altus Group Income Fund when it was trading at $14.73. Altus units closed Tuesday at $13.65.

need more juice than that