SOURCE: Aurus Corporation

November 02, 2007 13:00 ET

Aurus Announces Postponement of Shareholders Meeting From November 9 to December 7

NEW YORK, NY--(Marketwire - November 2, 2007) - Aurus Corp (PINKSHEETS: AURC) announces that it took a decision to postpone the shareholders meeting scheduled for November 9 to December 7, 2007 for reasons that involve the necessity of providing a thorough evaluation of the assets and value of the Company prior to the decision to be taken by the shareholders regarding the offer submitted by Kartex to purchase all the shares of the Company for $.55.

"There had been numerous requests by major shareholders that Aurus provide a definite evaluation of the Company's proven assets. These shareholders insist on obtaining a definite evaluation before making their decision," says Fedor Dovgan, president.

Consequently, Aurus gave a mandate to the largest geological firm in Russia (Central Research Prospecting Institute for Precious Metals) to conduct this independent report according to international standards 43-101 to define the value of the assets and their accessibility.

In addition, Aurus does not consider that the share price reflects the value of the Company and is determined to prove the volume of gold and rare earth mineral reserves.

The geological report was prepared to be ready for presentation to the shareholders meeting but, unfortunately, the geologists will only have it ready shortly thereafter.

Aurus consulted with shareholders holding a large stake in the Company and they emphatically requested that the shareholders meeting be postponed to permit the vote on the Kartex offer.

In addition and ancillary to the geologist report, Aurus has given a mandate to (OOO.BK.Arkadia) to make an evaluation of the Company based on the international 43-101 report.

"It is important that all these reports be submitted to the shareholders before they can form an opinion on the offer to be decided on in the shareholders meeting," adds Mr Dovgan.

The Company shall put on its website on November 6 the contracts that were entered into for both the geologist (43-101) audit as well as for the evaluation report.

About Aurus Corporation

Aurus Corporation is a publicly traded mining holding company with several precious metal properties with over 5 million ounces in gold reserves, trading under the ticker symbol AURC on the US Pinksheets market. Aurus seeks to continue acquire proven gold and other precious metal reserves in Russia and other emerging counties and operate its mines through joint ventures and/or partnerships.

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