Aurora Energy Resources Inc.
TSX : AXU

Aurora Energy Resources Inc.

January 16, 2007 09:13 ET

Aurora Wraps Up 2006 Jacques Lake Drill Program With 0.16% U3O8 Over 17.13 Metres

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 16, 2007) - Aurora Energy Resources Inc. ("Aurora") (TSX:AXU) announced today that the final seven holes of the 2006 Jacques Lake drill program have further expanded the Jacques Lake deposit ("Jacques Lake"). New results indicate that Jacques Lake continues to return excellent grades over encouraging widths and remains open for further expansion. Over the past year, Jacques Lake has been established as a key asset for Aurora and an important complement to the nearby Michelin deposit.

Drill hole JL-06-50, returned a zone of mineralization as follows:

- 0.16% U3O8 over 17.13 metres

Drill hole JL-06-49, returned four parallel zones of mineralization as follows:

- 0.18% U3O8 over 10.00 metres

- 0.21% U3O8 over 4.92 metres

- 0.11% U3O8 over 6.00 metres

- 0.21% U3O8 over 1.00 metres

"The 2006 drilling has taken Jacques Lake from a conceptual target to a developing resource," says Dr. Mark O'Dea, President and CEO of Aurora. "We are very pleased with these results and look forward to further expansion of the deposit in 2007, where Aurora has approximately 22,000 metres of drilling planned."

Highlights from two other drill holes include the following intervals:

- 0.12% U3O8 over 1.15 metres in JL-06-47

- 0.22% U3O8 over 3.00 metres and 0.16% U3O8 over 2.07 metres in JL-06-48

Three additional holes were tested outside of the emerging resource area and no significant mineralization was discovered.

An initial resource estimate for Jacques Lake is underway and is expected in the coming weeks.



ASSAY RESULTS
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Hole ID From To % U3O8 Interval
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JL-06-44 NSV
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JL-06-46 NSV
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JL-06-47 275.00 276.15 0.12 1.15
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JL-06-48 33.78 35.85 0.16 2.07
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and 44.00 47.00 0.22 3.00
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JL-06-49 295.00 305.00 0.18 10.00
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and 349.58 354.50 0.21 4.92
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and 265.00 271.00 0.11 6.00
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and 277.00 278.00 0.21 1.00
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JL-06-50 239.05 256.18 0.16 17.13
---------------------------------------------
JL-06-51 NSV
---------------------------------------------


Reported widths are approximately 85% to 90% of true widths. For a current long section of Jacques Lake please visit
http://www.aurora-energy.ca/files/JacquesLake07-03.jpg

ABOUT AURORA

Aurora stands out amongst the world's uranium exploration and development companies as having one of the best combinations of resource size, extractability, exploration potential, management skills, as well as low technical, environmental and country risk. Aurora continues to explore, discover and define Labrador's Central Mineral Belt as Canada's next long term uranium district.

Ian Cunningham-Dunlop, P. Eng, Vice President, Exploration for Aurora, is the designated Qualified Person for Aurora on the Central Labrador Uranium Project. Drill core was prepared and analyzed in accordance with industry standards by Activation Laboratories Ltd, Ancaster, Ontario.

Except for the statements of historical fact contained herein, certain information presented constitutes "forward looking statements". Such forward-looking statements, including but not limited to, those with respect to the timing and amount of future exploration, estimated future resources and resource conversion rates, potential for expansion and, technical and environmental complexities involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Aurora to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks related to the actual results of current exploration activities, future technical and country risks and mineability and extractability of the deposits, conclusions of economic evaluations, uncertainty in the estimation of mineral resources, changes in project parameters as plans continue to be refined, future prices of uranium, environmental risks and hazards, increased infrastructure and/or operating costs, labor and employment matters, and government regulation as well as those factors discussed in the section entitled "Risk Factors" in Aurora's Prospectus dated March 8, 2006 available on SEDAR at www.sedar.com . Although Aurora has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Aurora disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements.

Contact Information

  • Aurora Energy Resources Inc.
    Camon Mak
    Investor Relations
    (604) 632-4677 or Toll Free: 1-877-632-4677
    or
    Aurora Energy Resources Inc.
    Jessica Delaney
    Media Relations
    (604) 632-4677 or Toll Free: 1-877-632-4677
    Website: www.aurora-energy.ca