Aurion Resources Ltd.

April 27, 2010 11:18 ET

Aurion Proposes Financing

MT PEARL, NEWFOUNDLAND--(Marketwire - April 27, 2010) - Aurion Resources Ltd. ("Aurion") (TSX VENTURE:AU) announces that it proposes to complete a non-brokered private placement, pursuant to which it will issue 4 million units at a price of CDN$0.25 per unit to raise aggregate gross proceeds of CDN$1,000,000. Each unit will consist of one common share of Aurion and one half share purchase warrant of Aurion. Each whole share purchase warrant will entitle the holder thereof to acquire one additional common share of Aurion for a period of 24 months at an exercise price of CDN$0.35 cents per share. Aurion can elect to accelerate the exercise of the warrants upon Aurion trading at or above CDN$0.50 per share for 30 consecutive trading days.

Finders fees may be paid pursuant to this financing.

All securities issued under the Offering will be subject to a four-month hold period from the date of issue. The proceeds of the proposed offering will be used for early stage exploration on existing projects, evaluation and acquisition of new projects, and for general working capital. This transaction is subject to final documentation and approval of the TSX Venture Exchange.

About Aurion

Aurion is focused on early stage precious metals exploration in Canada and Mexico. It currently has 12,444,030 shares issued and outstanding. Its strategy is to advance its projects to a stage which will attract potential joint venture partners. Aurion continues to evaluate other gold-silver projects for acquisition in Mexico and globally.

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.

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 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.

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