Aura Gold Inc.

Aura Gold Inc.

November 27, 2006 08:53 ET

Aura Gold Inc. Begins Drilling Its Cumaru Gold Project

TORONTO, ONTARIO--(CCNMatthews - Nov. 27, 2006) - Aura Gold Inc. ("Aura Gold") (TSX:ORA) is pleased to announce that a minimum 3000 metre diamond drill program is underway at the Cumaru gold project (covering the Gradaus and Cumaru properties) in Para State, north-central Brazil.

Aura Gold's Cumaru project includes the second largest recorded artisanal gold producing area in Brazil. In the past, small-scale pits ("garimpos") were worked on the Gradaus property and an open-pit operation was active in the early 1990s. Significant quantities of alluvial gold - officially, at least 1.5 million ounces - were produced during the mid to late 1980s from the Gradaus operation and from other garimpos on the adjoining Cumaru property to the east. Primary gold was mined from shallow deposits within the Archean-age Cumaru granodiorite stock and its hydrothermally altered contact zone, which extends outwards into the surrounding volcanic and sedimentary rocks of the Gradaus Greenstone Belt.

While the Gradaus property has seen some limited exploration, the Cumaru property has never been the subject of any modern, systematic exploration. With this planned drill program, Aura Gold will become the first exploration company to drill beneath the extensive and productive garimpos on the Cumaru property.

Detailed mapping and sampling, in addition to splitting and sampling core from historical drilling around the Gradaus mine, have defined targets for this first phase of drilling. In total, ten targets have been identified to date, nine of which are less than 500 metres from existing roads (see the included map of Proposed Drill Targets).

The Gradaus, Gradaus North and OP-1 drill targets together have an approximate 1 km strike length and are underlain by a northeast-striking shear zone, which cuts the northwest margin of the Cumaru granodiorite stock. Additionally, these targets have been defined by extensive garimpos as well as numerous anomalous soil geochemical samples (greater or equal to 0.1 g/t gold) from Aura Gold's auger drilling program. Grab samples from the Gradaus mine area have returned values of up to 65.3 g/t gold.

Four additional drill targets, including the Tornero and Divino targets, are situated on the northeastern margin of the Cumaru granodiorite stock. These targets are defined by highly anomalous soil geochemical samples (greater or equal to 1.0 g/t gold) from the auger program. Grab samples from the Divino target area returned assay values of 102.5 g/t gold and 27.2 g/t gold.

Four other target areas appear to be related to an extensive northwest-trending fault. The Axixa, OP-2, OP-3 and Pitomba are associated with garimpos and high-grade grab and chip samples in the greenstone units surrounding the Cumaru granodiorite stock. A grab sample from Axixa returned a value of 6.6 g/t gold while chip samples from OP-2 and OP-3 assayed 1.2 g/t gold over 2 metres and 2.3 g/t gold over 3 metres, respectively. Grab samples from Pitomba assayed 7.9 and 9.7 g/t gold.

Commenting on Aura Gold's progress, Vic Bradley, President and CEO of Aura Gold said "Aura Gold began as a concept in October 2005 and was listed on the Toronto Stock Exchange in July 2006. In just over a year, we have established promising drill targets that will be investigated with this aggressive drill program establishing a track record we intend to maintain in Brazil. This first phase of exploration has only focused on less than 500 hectares of the 36,000 hectare Cumaru project. There is much more work to be done here as well as on the Inaja and North Carajas projects and we have the resources to do the work."

The qualified person under National Instrument 43-101 responsible for all technical data reported in this news release is Mr. Mel Klohn, L.P. Geo., Vice President, Exploration for Aura Gold Inc. The sampling results included in this news release consist of historical surface rock samples, as described in the Technical Report prepared May 1, 2006, for Aura Gold Inc. on the Cumaru-Gradaus Gold Project, and also recent surface trench samples and auger drilling samples which were collected, prepared and stored under the supervision of a 43-101 Qualified Person using procedures conforming to industry-wide best practice and observing the chain of custody for all samples. Analysis was performed by Geosol-SGS in Belo Horizonte, Brazil, an ISO-certified laboratory which maintains QA/QC on all analytical work via the inclusion of certified reference materials and field duplicates and blanks, in addition to the laboratory's own internal check-analyses.

About Aura Gold Inc.

Aura Gold Inc. (TSX:ORA) is a Canadian exploration company focused on the discovery of gold deposits in Brazil. Aura Gold's projects are the Cumaru, the Inaja Greenstone Belt and the North Carajas Claims, which total approximately 600,000 hectares in the Carajas Metallogenic Province of north-central Brazil. The Carajas region is host to a significant number of world-class deposits of iron ore, gold, copper, nickel, manganese and bauxite. Aura Gold intends to become Brazil's pre-eminent mineral explorer and the partner of choice for international mining companies seeking opportunities in Brazil.

Cautionary Statement:

This news release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including without limitation, statements regarding potential mineralization and reserves, exploration results, future plans and objectives of Aura Gold, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Aura Gold's expectations are the risks detailed herein and from time to time in the filings made by Aura Gold with securities regulators.

No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

Contact Information