VANCOUVER, BRITISH COLUMBIA–(Marketwire – April 2, 2008) – Aura Minerals Inc. (“Aura Minerals” or the “Company”) (TSX:ORA) is pleased to announce the appointment of Mr. Fausto Taddei as Chief Financial Officer.
Mr. Taddei will be replacing Ms. Christina Cepeliauskas whom the Board would like to thank for her contributions to the Company, particularly for her efforts in moving the Company through its transition period in Canada and Brazil.
Mr. Taddei was previously CFO of Western Canadian Coal Corp. for three years where he was instrumental in the completion of various equity, convertible debenture, project debt and equipment lease financings aggregating more than $400 million. Mr. Taddei is a Chartered Accountant and, for the past 20 years, has held senior accounting and finance roles in public companies primarily in the natural resource sector.
Mr. Taddei’s experience in debt financing, off-take agreements, cost controls and acquisitions will be of invaluable assistance to the Company as it transitions from the exploration to the production phase.
Commenting on this recent appointment, Mr. Patrick Downey, President and CEO of Aura Minerals Inc., stated, “We are extremely pleased to be able to attract a person of Fausto’s caliber and experience to our team. His expertise will be of great benefit as we continue to advance the Arapiraca Project towards production and review other growth opportunities. I would also like to thank Christina for her contributions to the Company’s growth and wish her every success in the future.”
About Aura Minerals Inc.
Aura Minerals is a Canadian exploration company focused on the acquisition and development of mineral deposits in Brazil and the rest of South America with an emphasis on developing the polymetallic Arapiraca Project in northeastern Brazil. The Arapiraca Project, which was originally explored in the 1980’s and 1990’s for copper and gold, also contains magnetite (up to 50%) and nickel which have not yet been evaluated. The Company plans to evaluate the Arapiraca Project for copper, gold, nickel and iron, all of which can be readily extracted. The nearby infrastructure is excellent with ready access to electricity, water and shipping ports. Aura Minerals’ other projects are the Cumaru, the Inaja Greenstone Belt and the North Carajas claims in the Carajas Metallogenic Province of north central Brazil.
This news release contains forward-looking statements that are not historical facts. Forward-looking statements involve risks, uncertainties and other factors that could cause actual results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include those risks set out in Aura Minerals’ public documents filed on SEDAR at www.sedar.com. Although Aura Minerals believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply 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. Aura Minerals disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
The TSX does not accept responsibility for the adequacy or accuracy of this release, which has been prepared by management.
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