SOURCE: Aurora Gold Corporation

March 16, 2011 16:02 ET

AGC Resources LLC, a Fully Owned Subsidiary of Aurora Gold Corporation Is Pleased to Announce That the Company Entered a Lease Agreement With Sweeney Mining and Milling Corporation for Its Water Rights in the Anderson Ditch Company

ZUG, SWITZERLAND--(Marketwire - March 16, 2011) - Aurora Gold Corporation (the "Company," or "Aurora") (OTCQB: ARXG), a mineral exploration company focusing on exploration and development in the Tapajos Gold Province, State of Pará, Brazil, and through its wholly owned subsidiary, AGC Resources LLC ("AGC"), the Front Range Gold Project located in Boulder County, Colorado, is issuing this press release to update its shareholders on the Front Range Gold project ("FRGP") located in Boulder County, Colorado. 

AGC is pleased to announce that it has executed a lease agreement with Sweeney Mining and Milling Corporation for the rights to a one eighth (1/8th) fully paid share in the Anderson Ditch Company. The lease agreement is for the term of five (5) years. This lease provides one of the water rights that are critical to AGC's water augmentation plan and overall plan of operations.

Lars Pearl, AGC's Manager commented "AGC is extremely pleased to have secured this water right. Everyone who has worked in Colorado knows the complexity of the States' water laws. Water is an extremely valuable resource in the State. The securing of this water right goes a long way to realizing our short to mid-term water management plan".

Aurora's common stock is also traded on the Stuttgart and the Berlin-Bremen Stock Exchanges in Germany under the symbols "(STUT: A4G) (FRANKFURT: A4G) (XETRA: A4G) (BERLIN: A4G)."

ON BEHALF OF THE BOARD

"Michael Montgomery"
 Michael Montgomery
 COO and Director

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains statements that plan for or anticipate the future, called "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of those terms and other comparable terminology.

These forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements about: our market opportunity; revenue generation; our strategies; competition; expected activities and expenditures as we pursue our business plan; the adequacy of our available cash resources; our ability to acquire properties on commercially viable terms; challenges to our title to our properties; operating or technical difficulties in connection with our exploration and development activities; currency fluctuations; fluctuating market prices for precious and base metals; the speculative nature of precious and base metals exploration and development activities; environmental risks and hazards; governmental regulations; and conduct of operations in politically and economically less developed areas of the world.

Many of these contingencies and uncertainties can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to our most recent annual report on Form 10KSB and other filings made by us with the United States Securities and Exchange Commission for more detailed discussions of the contingencies and uncertainties enumerated above and the factors underlying the forward-looking statements. These reports and filings may be inspected and copied at the Public Reference Room maintained by the U.S. Securities and Exchange Commission at 100 F Street, N.E., Washington, D.C. 20549. You can obtain information about operation of the Public Reference Room by calling the U.S. Securities and Exchange Commission at 1-800-SEC-0330. The U.S. Securities and Exchange Commission also maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the U.S. Securities and Exchange Commission at http://www.sec.gov.

We disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except to the extent required by applicable laws.

This press release is for informational purposes only and is not and should not be construed as an offer to solicit, buy, or sell any security.

For further information, please call Lars Pearl or Axino AG.

Contact Information

  • Aurora Gold Corporation
    Lars Pearl
    President, CEO & Director
    C/- Coresco AG,
    Level 3, Gotthardstrasse 20
    6304 Zug, Switzerland
    Tel. (+41) 7887 96966
    http://www.aurora-gold.com/

    AXINO AG
    Investor & Media Relations
    Konigstrasse 26
    70173 Stuttgart
    Germany
    Tel. +49 (711) 25 35 92-30
    Fax +49 (711) 25 35 92-33
    http://www.axino.de/