July 15, 2009

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VANCOUVER, BRITISH COLUMBIA–(Marketwire – July 15, 2009) –  Aura Minerals Inc. (TSX:ORA) (the “Company” or “Aura Minerals”) is pleased to announce that it has closed the bought deal private placement offering, including the underwriters’ option, (collectively, the “Offering”) of 227,500,000 subscription receipts (the “Subscription Receipts”), at a price of $0.55 per Subscription Receipt for aggregate gross proceeds to the Company of $125,125,000. The Offering was led by Canaccord Capital Corporation together with a syndicate of underwriters that include GMP Securities L.P., Genuity Capital Markets, Wellington West Capital Markets Inc., Dundee Securities Corporation, National Bank Financial Inc. and Raymond James Ltd. (collectively, the “Underwriters”). The gross proceeds from the sale of the Subscription Receipts are being held in escrow. Details of the escrow release conditions and timing of the conversion of each Subscription Receipt into one (1) common share of the Company (on a pre-consolidated basis) for no additional consideration and subject to adjustment, can be found in the press release dated June 15, 2009 (see News Release No. 2009-8).

The Company intends to use a portion of the net proceeds of the Offering to acquire the San Andres Gold Mine located in Honduras and the Sao Francisco and Sao Vicente Gold Mines located in Brazil (collectively, the “Acquisition”). Please refer to the Company’s June 9, 2009 (see News Release No. 2009-7) press release announcing the Acquisition. Any remaining net proceeds from the Offering may be used to fund the exploration and development of the Company’s properties, to strengthen its working capital position and for other general corporate purposes, including potential acquisitions.

The Company intends to consolidate all of its common shares on the basis of a factor of one new common share for five existing common shares (the “Consolidation”), effective July 23, 2009. The Consolidation was originally approved by the shareholders of the Company at the annual and special general meeting of the Company held on July 13, 2007. As the Consolidation was not implemented within one year of shareholder approval, the TSX requested that the Company seek shareholder approval again, and relying on an exemption (Section 604(d)) of the TSX Company Manual) from the TSX requirement to obtain such shareholder approval at a meeting of the shareholders of the Company, the Company has sought and received the written consent of shareholders holding in excess of 72% of the issued shares of the Company approving of the Consolidation.

About Aura Minerals Inc.

Aura Minerals is a Canadian resource company focused on the acquisition, exploration and development of mining properties in the Americas. In addition to the three gold mines being acquired pursuant to the Acquisition, the Company owns the Aranzazu copper mine in Mexico and the advanced stage Arapiraca Project in north-eastern Brazil, which was originally explored in the 1980’s and 1990’s for copper and gold and includes the Serrote Deposit. The project also contains magnetite (up to 50%) and nickel and the Company plans to evaluate the Arapiraca Project for all four metals which can be readily extracted. The nearby infrastructure is excellent with ready access to electricity, water and shipping ports.

For further information, please visit Aura Minerals Inc.’s web site at www.auraminerals.com.

Cautionary Statement:

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.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

For more information, please contact

Aura Minerals Inc.
Patrick Downey
President & Chief Executive Officer
(604) 669-4777
(604) 696-0212 (FAX)