Aura Silver Resources Inc.

Aura Silver Resources Inc.

April 29, 2008 09:10 ET

Aura Silver Flying Airborne EM/Mag Survey of Entire Greyhound Land Position-Grants Stock Options

OTTAWA, ONTARIO--(Marketwire - April 29, 2008) - Aura Silver Resources Inc. (TSX VENTURE:AUU) (the "Company" or "Aura Silver") is pleased to announce that negotiations are underway to contract an airborne EM/Magnetic survey over the Company's enlarged land position at the Greyhound Lake property covering a relatively unexplored Archean greenstone belt north of Baker Lake, Nunavut. The Company recently press released the completion of a staking program adjacent to its wholly-owned claims at Greyhound Lake which has, potentially, more than doubled its land position to 23,000 hectares. This was precipitated by an intensive analysis of additional data received last year and in early 2008. The Company expects that the airborne survey will be flown in June followed by detailed prospecting of conductive zones and known showings in August.

Robert Boaz, President and CEO of Aura Silver stated, "Our geological team is aggressively securing available services in a very tight market for helicopters and geophysical contractors to enable us to capitalize on our improved knowledge base of the Greyhound Lake property. We believe that the remoteness of the area, despite its proximity to the Agnico-Eagle Meadowbank gold property ( 32 kilometers north, has allowed our team the time to capitalize on its past exploration experience with respect to the area". It is envisaged that detailed prospecting of the airborne anomalies will aid in pinpointing potential drill targets.

Mr. Paul Pitman, P. Geo is the Qualified Person for Aura Silver under National Instrument 43-101.

Aura Silver has also granted stock options for a total of 1,355,000 common shares of the Company to officers, directors and consultants of the Company. These stock options are exercisable at $0.17 per option and expire on April 1, 2011. This stock option grant is subject to acceptance by the TSX Venture Exchange.

About Aura Silver

Aura Silver is a TSX Venture listed company engaged in the acquisition, exploration and development of precious metal prospects in North America with a focus on silver. The Company has 35,267,727 common shares outstanding.


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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