VANCOUVER, BRITISH COLUMBIA–(Marketwire – March 24, 2008) – Aura Minerals Inc. (“Aura Minerals” or the “Company”) (TSX:ORA) is pleased to announce the appointment of Patrick Mars as Chairman of the Board of Directors (the “Board”) and of Elizabeth Martin to the Company’s Board.
Ms. Martin is a professional accountant with a strong background in international exploration and mining projects. She has held senior management roles in base metal and precious metal companies such as Northgate Mines Inc., Western Mining Corporation, IAMGOLD Corporation and High River Gold Mines Ltd. Ms. Martin is currently on the Boards of Goldbelt Resources Ltd. and Manicouagan Minerals Ltd. and also holds the position of Chair of the Board of St. John’s Rehabilitation Hospital in Toronto. With over 25 years of international experience in the resource industry, Ms. Martin will be an invaluable addition to the Company’s Board.
Patrick Downey, President and CEO of Aura Minerals, stated, “We are very pleased that Elizabeth has agreed to join our Board. Her background in corporate and debt financing and international experience will be extremely valuable as we advance the Arapiraca Project through to feasibility and construction.
I am also very pleased that Patrick Mars, who has been a director of the Company for the past two years, has agreed to become the Chairman of the Company, and look forward to working with him in developing our business plan and corporate objectives.”
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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