Auracle Resources Ltd.
TSX VENTURE : AAL

Auracle Resources Ltd.

June 07, 2012 17:15 ET

Auracle Announces Shares for Debt Transaction

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 7, 2012) - Auracle Resources Ltd. (the "Company") (TSX VENTURE:AAL) announces that, subject to the approval of the TSX Venture Exchange (the "Exchange") for the shares for debt transaction, it will issue 188,398 Shares at a deemed price of $0.15 per Share in settlement of outstanding debt in the amount of $28,259.65 owed to certain creditors pursuant to debt settlement agreements dated for reference May 30, 2012. The Shares are subject to a four-month hold period under the policies of the Exchange.

ON BEHALF OF THE BOARD OF DIRECTORS,

Robin Forshaw, President & CEO

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS AND INFORMATION

This news release contains certain "forward-looking information" within the meaning of Canadian securities laws. Actual results may differ materially from those indicated by such forward-looking information. All information included herein, other than statements of historical fact, including, without limitation, information regarding future production, is considered forward-looking information and involves various risks and uncertainties. There can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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