Aurelian Resources Inc.

Aurelian Resources Inc.

October 31, 2007 08:46 ET

Aurelian Resources Appoints CFO; Adds Two Senior Operations Team Members

TORONTO, ONTARIO--(Marketwire - Oct. 31, 2007) - Aurelian Resources Inc. (TSX:ARU) today announced the appointment of Keith McKay, an experienced finance executive with extensive mining and public company experience, as Chief Financial Officer. The Company also announced the appointments of Ed Kelleher as Aurelian's Environmental Health and Safety Manager in Ecuador and John Meyer as Director, Technical Services working with the corporate group.

"We are assembling a team of highly competent and experienced professionals to rapidly take FDN into production and transform Aurelian into a top mid-tier producer," said Patrick F.N. Anderson, Aurelian's President and CEO. "We welcome Keith, John and Ed to Aurelian. They add more than 50 years of combined mining, finance and environmental experience to our growing management team."

Keith McKay, a Chartered Accountant with 25 years of financial experience, will join Aurelian by December 3rd, 2007. Mr. McKay brings extensive experience in all aspects of the mining industry, including construction and operations, financing, and M&A transactions. He was most recently Senior Vice President with a world wide, publicly-listed engineering and project management services firm, involved in extractive industry projects. Prior to that he was Controller at Rio Algom Ltd., a Canadian based mining company that produced copper, gold, uranium, molybdenum, and coal in North and South America and operated a metal distribution business in North America. Mr. McKay also served as Vice President Finance for Potash Company of Canada and has worked with the Bank of Montreal and Coopers & Lybrand. Mr. McKay holds a BA in Economics and History from the University of Western Ontario.

Ed Kelleher, Aurelian's new Environmental Health and Safety Manager, will be based in Quito with responsibility for permitting of the FDN project, environmental monitoring and compliance, and ensuring a safe and healthy working environment for our staff, currently numbering over 400 in Ecuador. Mr. Kelleher, a native Spanish speaker, was most recently an Associate and Senior Project Manager with Golder Associates. He has more than 13 years experience managing large-scale, multi-disciplinary international projects in the mining, power and transportation sectors. He is intimately familiar with the Ecuadorian environmental and permitting regime, having been involved with the development of the new international airport in Quito as well as development of Aurelian's Condor project.

John Meyer will be joining Aurelian in mid November as Director, Technical Services, adding to the growing engineering and development team under the direction of George Bee, Aurelian's COO. Mr. Meyer comes to us from Barrick Gold where, for the past 5 years, he was Manager of Geotechnical Engineering. In his 15 years in the industry, he has served as a geotechnical engineer and project manager for a variety of projects, including aspects of mine development, mine reclamation and closure, with particular focus on tailings and heap leach facility design, management and closure. Projects he has recently contributed to include: Barrick's Pascua Lama, Veladero, Lagunas Norte, Pueblo Viejo, Buzwagi, Sedibelo and Goldstrike; Syncrude and Suncor's Fort McMurray projects, the Diavik Diamond mine, the Cominco Trail Smelter, and BHP Billiton's operations in Suriname.

About Aurelian

Aurelian Resources Inc. is a publicly-listed (TSX:ARU) resource company engaged in the business of exploring, discovering and developing mineral wealth in Ecuador. The Fruta del Norte (FDN) discovery lies at the heart of the Condor Project properties, located in south-eastern Ecuador and consisting of 38 mining concessions totalling approximately 95,000 hectares. The initial inferred resource for FDN was released in October 2007 and included 58.9 million tonnes grading 7.23 g/t gold and 11.8 g/t silver for 13.7 million ounces of contained gold and 22.4 million ounces of contained silver. Aurelian is committed to working with the government and people of Ecuador to achieve a modern, sustainable mining industry, which will play an important role in the future growth of the country. Visit for more information.

Forward Looking Statement

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralisation and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.

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