SOURCE: Aurus Corporation

April 26, 2010 10:41 ET

The BOD of Aurus Corporation Has Approved New Project

NEW YORK, NY--(Marketwire - April 26, 2010) - The Board of Directors of AURUS CORPORATION (PINKSHEETS: AURC) has approved the project "Gold zone development of the At-Yuryakh-Sturm technological placers."

This investment project was initiated by the administration of the Yagodninsky district of the Magadan region. The administration expressed its intention to grant rights for this project to Aurus Corporation, which has experience in mining, use of efficient technologies and also has the technical means to extract the "Fine Gold" from the dumps.

The total cost of the project -- $ 6.5 million USD. The total investment -- $ 4.4 million USD. The payback period -- 5 years.

The Board of Directors of Aurus Corporation has decided to invest in research, geologic and economic assessment and industrial development of the above-mentioned technological placers. Realization of this project will result in the acquisition of gold assets and an increase in the Company's gold reserves.

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