Aurea Mining Inc.

Aurea Mining Inc.

December 31, 2007 17:21 ET

Aurea Mining Inc. Closes First Tranche of Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 31, 2007) -


Aurea Mining Inc. ("Aurea") (TSX VENTURE:MXA)(FRANKFURT:A9M) reports that it has closed the first tranche of the non-brokered private placement originally announced on December 10, 2007. Aurea has raised $660,000 by issuing 2,200,000 units at a price of $0.30 per unit. Each unit consists of one common share and one common share purchase warrant. Each share purchase warrant is exercisable to purchase an additional common share at a price of $0.40 per share for a period of two years expiring on December 21, 2009. The units will be subject to a hold period of four months as required by TSX Venture Exchange policies and securities law expiring on April 22, 2008. In connection with the private placement, the Company paid a cash commission of $30,000 to an agent.

The proceeds of the private placement will be used to fund exploration of Aurea's mineral properties within the Guerrero Gold Belt in the State of Guerrero, Mexico, the Monte Alban / Taviche property in the State of Oaxaca, Mexico, and for working capital.

Aurea Mining Inc., via its wholly-owned subsidiary headquartered in Mexico City, is exploring for gold within its strategic land position in the area of southern Mexico, known as the Guerrero Gold Belt in the State of Guerrero, Mexico, and for gold and silver in the recently announced Taviche property in Oaxaca, also in southern Mexico.

For further information please visit our web site

On behalf of the Board of Directors

Richard Whittall, President and Chief Executive Officer

This news release may contain forward-looking statements regarding future exploration programs and events. Actual results may differ materially from those currently anticipated in such statements.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Aurea Mining Inc.
    Richard Whittall
    President and Chief Executive Officer
    (604) 806-6110 or (604) 484-9849
    (604) 806-6112 (FAX)