Aurion Resources Ltd.

February 01, 2010 14:12 ET

Aurion Announces New Appointments and Auditor

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 1, 2010) - Aurion Resources Ltd. ("Aurion") (TSX VENTURE:AU) is pleased to announce two new corporate appointments. Mr. David Loveys, C.A., has been appointed director, Chief Financial Officer and Corporate Secretary and Mr. Henry Awmack, P.Eng., has been appointed director.

Mr. Loveys' experience has been primarily with Canadian publicly traded companies operating in the domestic and international markets. He has held senior financial positions with CHC Helicopter Corporation, the NewTel Group of Companies and is actively involved with Canadian Junior Exploration Companies, currently holding senior financial positions with Cornerstone Capital Resources Inc. and New Island Resources Inc.. David has a Bachelor of Commerce Degree from Memorial University of Newfoundland and qualified as a Chartered Accountant in 1981. He successfully completed the Investment Dealers Association of Canada, Canadian Securities Course in 1987.

Mr. Awmack, P.Eng., co-founded Equity Engineering Ltd. in 1987. Now known as Equity Exploration Consultants Ltd., Equity is a geological consulting and project management firm based in Vancouver and serving the mineral exploration community worldwide. Through Equity, HJA has consulted and managed exploration programs throughout the Americas and to a lesser extent in Asia, Africa and the South Pacific. Mr. Awmack is also a founding principle and former director of Rimfire Minerals (Now Kiska Metals). Mr. Awmack graduated from UBC in 1982 with an Honours B.A.Sc. in Geological Engineering.

Aurion also wishes to announce the resignations of Mr. Narinder Nagra, director, Mr. Peter Miller, CFO and Ms. Sandra Lee, Corporate Secretary. Aurion expresses its gratitude to each for their contributions during the initial development of Aurion.

In connection with the appointment of Mr. Loveys and Mr. Awmack, Aurion has also granted to each of them an option to purchase up to 50,000 common shares of Aurion at the exercise price of $0.40 each for a period of five years pursuant to Aurion's Stock Otion Plan.

Aurion also announces that it will be appointing Deloitte and Touche, LLP as its new auditor, replacing Davidson and Company, LLP.

About Aurion

Aurion is focused on early stage precious metals exploration in Canada and Mexico. It currently has 11,999,100 shares issued and outstanding and approximately $1,000,000 cash in its treasury. Its strategy is to acquire early stage projects and advance them to a stage which will attract potential joint venture partners. Aurion continues to evaluate other gold-silver projects for potential acquisition in Mexico and internationally.

Mike Basha, P.Eng., P.Geo., President and CEO of Aurion, is the Qualified Person as defined by National Instrument 43-101, and is responsible for the preparation of this release.

All dollars are in Canadian currency unless otherwise stated.

Forward-Looking Statement

Certain statements contained in this release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on Aurion's current beliefs or assumptions as to the outcome and timing of such future events. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to Aurion. The material factors and assumptions include: regulatory approvals being obtained for the issuances of the Aurion Shares referenced herein, no changes to existing Exchange Policies, exploration programs for Aurion remaining the same as forecast, Aurion having the necessary capital in order to complete its anticipated work program on the Lavington or La Bandera Properties and no significant decrease in the price of gold. Risk Factors that could cause actual results or outcomes to differ materially from the results expressed or implied by forward-looking information include, among other things: risks related to exploration activities, general economic and business conditions and changes in the regulatory regulation. Aurion cautions the reader that the above list of risk factors is not exhaustive. The forward-looking information contained in this release is made as of the date hereof and Aurion is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

On behalf of the Board,

Michael Basha, President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Aurion Resources Ltd.
    Mike Basha
    (709) 699-8300
    Aurion Resources Ltd.
    Richard Graham
    (604) 488-8717