Aura Silver Resources Inc.
TSX VENTURE : AUU

Aura Silver Resources Inc.

January 17, 2007 09:15 ET

Aura Silver Examines Mineral Potential of the Taviche Silver-Gold Property in Mexico

BRAMPTON, ONTARIO--(CCNMatthews - Jan. 17, 2007) - Aura Silver Resources Inc. (TSX VENTURE:AUU) (the "Company" or "Aura Silver") announced today that the Company has completed its review of historic data on the Taviche Property located about 10 kilometres south of the city of Ocotlan in the central Taviche District of Mexico. This District hosts a large number of gold and silver deposits that have been worked intermittently since Spanish colonial times in the late 1500s. From the late 1800s to the early 1900s, over 60 small mines operated.

The Taviche Property comprises two concessions totaling 13,724 hectares that are held by Intrepid Mines Limited (TSX:IAU - TSX:IXN - ASX:IAU) under option from Plata Panamericana S.A. de C.V., a wholly owned subsidiary of Pan American Silver Corporation. Aura Silver and Intrepid have formed an agreement whereby they can jointly earn a 70% interest in the concessions (see press release of December 7, 2006).

The West Taviche Concession surrounds the San Jose silver-gold deposit under exploration and development by Continuum Resources Ltd. and Fortuna Silver Mines Inc. This deposit consists of multiple quartz-vein and hydrothermal breccia-hosted epithermal silver-gold mineralization which, from the 1880s to 1942, produced 19.2 million ounces of silver and 144,000 ounces of gold from one million tonnes of ore (March, 2006 technical report prepared for Fortuna Silver Mines Inc.).

The vein systems on the Continuum/Fortuna property extend onto the West Concession of the Taviche Property, where two significant systems have been identified. A western system occurs over 6.5 kilometers along a northerly trend and consists of four distinct veins: La Noria (East and West), El Viejo, San Antonio and San Martin. The eastern system has been traced along a northwesterly trend of anastomosing veins for about 5.5 kilometers and contains the Portillo, Donaji/Marias and San Jose/Corona vein segments. Gold-silver mineralization occurs in quartz veins with variable adularia and amethyst. Ore-related minerals consist of native gold and silver, argentite and silver-bearing sulfosalts; base metal contents are typically low. Data collected to date suggest that the West Taviche vein systems formed at a relatively high-level in an epithermal environment.

The Taviche Property acquisition marks a return to Mexico for Intrepid Mines but is the first significant venture into this richly endowed silver country for Aura Silver. "We are excited with the potential that this property offers for discovery of high grade silver-gold veins," said Paul Pitman, President of Aura. "As discussed in our December press release, an aggressive field program has been initiated. Detailed sampling and mapping of the vein systems on the Western Concession have commenced and stream sediment surveys will be carried out over the Eastern Concession to better define targets in areas where previous work by the Mexican Government has identified numerous gold-silver bearing prospects."

About Aura Silver

Aura Silver Resources Inc. is a TSX Venture listed company engaged in the acquisition, exploration and development of precious metal prospects. The Company has 27,895,312 common shares outstanding.

FORWORD LOOKING STATEMENTS

This Press Release may contain forward looking statements that involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. The TSX Venture Exchange has neither approved nor disapproved the information contained in this press release.

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