Aurora Energy Resources Inc.
TSX : AXU

Aurora Energy Resources Inc.

January 11, 2007 10:37 ET

Aurora Wraps Up 2006 Michelin Drilling With More Positive Results

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Jan. 11, 2007) - Aurora Energy Resources Inc. ("Aurora") (TSX:AXU) is pleased to announce that the final five holes of the 2006 Michelin drill program have further expanded the wide, high grade centre of the Michelin uranium deposit ("Michelin"). Results demonstrate that the main Michelin shoot remains thick and high grade at depth, and is open for further expansion during the upcoming 2007 drill program. Over the past year, Michelin has rapidly evolved into the anchor asset for both Aurora and the entire Central Mineral Belt.

Drill hole M-06-44, which intersected Michelin at 668 metres depth, returned two parallel zones of mineralization as follows:

- 0.20% U3O8 over 21.83 metres including 1.83% U3O8 over 1.00 metre

- 0.13% U3O8 over 16.00 metres

"The 2006 drilling has extended the Michelin deposit by more than 400 metres," says, Dr. Mark O'Dea, President and CEO of Aurora. "We are very pleased with these results and look forward to further deposit expansion in 2007."

Highlights from four other new drill holes include the following intervals:

- 0.23% U3O8 over 17.8 metres in M-06-43, including 1.52% U3O8 over 1.17 metres

- 0.11% U3O8 over 39.0 metres in M-06-42

- 0.20% U3O8 over 9.6 metres in M-06-41

- 0.31% U3O8 over 4.6 metres in M-06-38A

For a current long section of Michelin please visit http://www.aurora-energy.ca/files/Michelin07-02.jpg



DRILL HOLE RESULTS

---------------------------------------------------------------
Hole ID From (m) To (m) %U3O8 Interval (m)
---------------------------------------------------------------
M-06-41 635.78 645.42 0.20 9.64
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M-06-42 689.00 728.00 0.11 39.00
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including 689.00 701.00 0.17 12.00
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and incl. 714.00 728.00 0.14 14.00
---------------------------------------------------------------
M-06-43 700.43 718.18 0.23 17.75
---------------------------------------------------------------
incl. 707.70 708.87 1.52 1.17
---------------------------------------------------------------
M-06-44 713.75 735.58 0.20 21.83
---------------------------------------------------------------
incl. 717.25 718.25 1.83 1.00
---------------------------------------------------------------
and 745.71 761.71 0.13 16.00
---------------------------------------------------------------
M-06-38A 604.26 608.86 0.31 4.60
---------------------------------------------------------------


Reported widths are approximately 85% to 90% of true widths. The company will be updating its NI 43-101 compliant resource for the Michelin and Jacques Lake deposits in the upcoming weeks.

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 estimated future resources and resource conversion rates potential for expansion, 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