TORONTO, Canada – Aura Gold Inc. (“Aura Gold”) (TSX:ORA) is pleased to announce the closing of the acquisition of the Cumaru property in Para State, north-central Brazil, from Yamana Gold Inc. (“Yamana”) previously announced on October 23, 2006. Aura Gold now controls 100% of Cumaru and has issued 6.0 million common shares to representing approximately 10.0% of the common shares of Aura Gold. Yamana now holds a total of 7.0 million shares representing an 11.7% interest in Aura Gold. Yamana acquired the Aura Gold shares for investment purposes only and may acquire additional securities or dispose of its beneficial ownership, control or direction over securities through market transactions, private placements, treasury issuances or otherwise as circumstances or market conditions warrant or arise. Aura Gold now has 60,011,968 common shares issued and outstanding on a non-diluted basis.
About Aura Gold Inc.
Aura Gold Inc. (TSX:ORA) is a Canadian exploration company focused on the discovery of gold deposits in Brazil. Aura Gold’s projects are the Cumaru, the Inaja Greenstone Belt and Carajas Norte, which total approximately 600,000 hectares in the Carajas Metallogenic Province of northcentral Brazil. The Carajas region is host to a significant number of world-class deposits of iron ore, gold, copper, nickel, manganese and bauxite. Aura Gold will continue to expand its current land position and use the acquisition of a development stage project to drive future growth.
For further information, please visit the Aura Gold web site at www.auragoldinc.com or contact:
President & CEO
Vice President, Corporate Development
No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This news release includes certain “forward-looking statements”. All statements other than statements of historical fact, included in this release, including without limitation, statements regarding potential mineralization and reserves, exploration results, future plans and objectives of Aura Gold, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Aura Gold’s expectations are the risks detailed herein and from time to time in the filings made by Aura Gold with securities regulators.