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VANCOUVER, BRITISH COLUMBIA — (MARKET WIRE) — 11/02/09 — Aura Minerals Inc. (“Aura Minerals” or the “Company”) (TSX: ORA) is pleased to announce that Mr.
Tom Ogryzlo has been appointed to its Board of Directors and that Mr.
Britt Reid has joined the Company, as Chief Operating Officer.
Mr. Ogryzlo has over thirty-five years of experience in the mining and engineering construction sectors in the development, financing, design, construction and operation of mining, industrial and energy projects in many parts of the world, particularly in Latin America. Mr. Ogryzlo has held executive management positions in a number of important mining and engineering companies with operations in North and South America. He is presently Sr. VP of Latin American Operations for Ram Energy Corp. Among his previous positions, he has been President & CEO of Polaris Geothermal Inc., a geothermal power producer, President& CEO of Black Hawk Mining, a gold producer, President of Kilborn SNC-Lavalin, a large engineering contractor and President of Cerro Matoso S.A., a large ferro nickel producer. Mr. Ogryzlo has been a director of many public companies, including Polaris Geothermal Inc., Franco-Nevada Mining, Baja Mining and Vista Gold.
Mr. Reid has over 30 years of mine operating and management experience in North, Central and South America. Most recently, Mr. Reid was Chief Operating Officer for North American Tungsten Corporation Ltd., responsible for all operational and project activities at the Cantung Mine and Mactung Project, in northern Canada. Prior thereto, Mr. Reid was Vice President Mining Operations for Aur Resources Inc., responsible for all operational and investment activities at the Quebrada Blanca and Carmen de Andacollo Copper Mines in Chile, South America.
Commenting on the new additions, Mr.
Patrick Downey, President and CEO of Aura Minerals, stated, “We are extremely pleased to have people of the caliber of Britt and Tom join the Aura Minerals team. Britt’s operating experience in South America including Brazil, Chile and Honduras will be invaluable as we continue to expand our current operations and assume control of Sao Francisco and Sao Vicente Gold Mines in Brazil.
Tom brings many years of mining and business experience in Latin America to the Board and this again will be invaluable as the Company continues to look for growth opportunities in this region.
Britt will be replacing Mr.
Tony George whom I and the Board would like to thank for his contributions to the Company over the past two years, particularly for his efforts in moving the Company through its transition from an exploration/development company to an intermediate gold producer, which will soon have operating mines in Mexico, Honduras and Brazil.”
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 Company’s San Andres Mine in Honduras and the Aranzazu Mine in Mexico, the Company owns the advanced stage Arapiraca Project in north-eastern Brazil. The Company has also agreed to acquire the Sao Francisco and Sao Vicente Gold Mines in Brazil, subject to regulatory approvals.
For further information, please visit Aura Minerals’ web site at www.auraminerals.com.
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.
Contacts: Aura Minerals Inc.
Patrick Downey President & Chief Executive Officer (604) 669-4777 (604) 696-0212 (FAX) firstname.lastname@example.org