Aumega Discoveries Ltd.
TSX VENTURE : AUM

Aumega Discoveries Ltd.

February 01, 2006 13:51 ET

Aumega Intersects 42.9 Meters of .62% Cu .15 g/t Au

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 1, 2006) - Aumega Discoveries Ltd. (TSX VENTURE:AUM) is pleased to announce that it has received assay results for the remaining six holes from its fall drill program on its Poplar Project located 35 km from the Huckleberry mine and 75 km south of Houston, BC.

DDH#05-81 - Collared at 5910N, 11350E, elevation 901 ms., azimuth 35, dip 50, depth 200 ms. The weighted average over 149.4 meters was 0.35% copper including an intercept of 42.9 meters (93.57 m - 136.43 m) of 0.62% copper, 0.15 g/t gold and 0.02% molybdenum.

DDH#05-82 - Collared at 5875N, 11525E, elevation 900 ms., azimuth 45, dip 70, depth 200 ms. The weighted average over 187.5 meters was 0.37% copper including intercepts of 42.7 meters (105.77 m - 148.44 m) of 0.48% copper, 0.19 g/t gold, and 0.014% molybdenum and 18.3 meters (169.77 m - 188.06 m) of 0.52% copper and 0.22 g/t gold.

DDH#05-75 - Collared at 5906N, 11470E, elevation 898 ms., azimuth 42, dip 65, depth 200 ms. The weighted average over 192.8 meters was 0.38% copper including intercepts of 25.2 meters (131.98 m - 157.19 m) of 0.47 % copper, 0.14 g/t gold and 0.02% molybdenum, and 24.1 meters (171.60 m - 195.68 m) of 0.45% copper, 0.12 g/t gold and 0.02 % molybdenum.

DDH#05-77 - Collared at 6110N, 11549E, elevation 894 ms., azimuth 213, dip 65, depth 200 ms. The weighted average over the first 29.9 meters was 0.36% copper and 0.13 g/t gold. The rest of this 200 meter long hole was drilled into a younger barren intrusive.

DDHs#05-78 and 79 - Collared at 6218N, 11412E, elevation 927 ms. and 6175N, 11375E, elevation 900 ms. respectively and drilled at azimuth 90, dip 60 for 200 ms. These were essentially step out holes to the northwest to test possible new areas. No significant mineralization was encountered in either.

DDHs#05-74 and 83 - Assays from these holes were announced on December 15, 2005 and January 6, 2006. DDH#05-74 was collared at 6043N, 11815E, elevation 891 ms. and drilled at azimuth 244, dip 65 for 200 ms. The weighted average over 161.1 meters was 0.41% copper, 0.12 g/t gold and 0.012% molybdenum. DDH#05-83 was collared at 5975N, 11470E, elevation 900 ms. and drilled at azimuth 270, dip 60 for 200 ms. The weighted average over 191.8 meters was 0.44% copper, 0.12 g/t gold including an intercept of 21.3 meters (66.16 m - 87.48 m) of 0.66% copper and 0.20 g/t gold.

As noted above the gold values continue to show a positive correlation with the copper values and are higher than were expected based on the earlier work of BHP-Utah in the 70's.

These values compliment and compare well with the adjacent Utah drill holes in the Main Zone mineralization as shown on the accompanying map. With the metal prices of gold at more than $500/ounce ($16/gram) and copper at more the $2/lbs, the Company continues to be encouraged with these results.

In addition the Company has terminated its letter agreement dated August 12, 2005 whereby the Company was granted an option to acquire a 100% interest in the Star Property.

The Company has, subject to TSX Venture Exchange, agreed to settle $187,263.33 in debt going to three creditors through the issuance of an aggregate of 535,038 common shares at a deemed price of $0.35 per share.

The Company further announces that Mr. Michael d'Abadie has resigned from his position as a director of the company. The company wishes to thank Mr. d'Abadie for his commitment to the Company.

Aumega Discoveries Ltd. is a British Columbia based junior resource company focused on the exploration, development, and acquisition of both advanced and early stage mineral projects throughout British Columbia.

Ben Ainsworth, P. Eng, VP of Exploration of Aumega, acts as the qualified person for the Company.

AUMEGA DISCOVERIES LTD.

Stephen G. Stanley, President

To view the attached map, please click on the following link: http://www.ccnmatthews.com/docs/aum0201.jpg


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