Aurea Mining Inc.
TSX VENTURE : MXA

Aurea Mining Inc.

August 16, 2005 12:34 ET

Aurea Mining Announces New Mineralized Intercepts From First Phase Drilling on the Aurea Norte Project

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 16, 2005) -

NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA

Aurea Mining Inc. (TSX VENTURE:MXA) ("Aurea" or "the Company") is very pleased to report that five of a seven hole, 1,500m drill program on its Coyote claim are now complete. As described in Aurea's final prospectus, dated May 27th, 2005 (www.sedar.com), this first phase drill program is focused on the San Luis and Rey David showings, located in the southeastern part of the 100% owned Aurea Norte project, Guerrero State, Mexico, part of the developing Guerrero Gold Belt (GGB).

The drill program is testing targets of gold-iron skarn mineralization similar to that on the adjacent Teck and Goldcorp GGB properties (Filos, Bermejal, Nukay, and El Limon-Los Guajes). The combined deposits have over 9 million ounces gold reported to date. The Rey David and San Luis showings are located on strike about 8km NW of the plus 3M oz El Limon-Los Guajes deposit.

First phase drilling has successfully intersected three mineralized horizons with strong similarities to the gold iron skarn deposits of the district. Drillhole SL-001 is collared on an outcrop of jasperoid that returned 8.05 gm/ton gold. The drillhole intersected oxidized jasperoid breccia from 0.0 to 5.90m downhole. SL-003 was drilled 100m ESE of SL-001 and, intersected a similar jasperoid unit from 24.0m to 60.1m for a total downhole length of 36.10 m. Drillhole SL-005 located 1.3 km to the southwest of SL-003 intersected similar silicified vuggy jasperoid breccia from 0.0 m to 36.20m for a total downhole length of 36.20m. Assay results are expected before the end of August.

Please visit our web site at www.aureamining.com to view maps and drill data associated with this press release.

Aurea Mining Inc. is focused on mineral exploration in the Guerrero Gold Belt of Guerrero State, Mexico. The company controls 100% of approximately 80,000 hectares of contiguous mineral claims in this emerging gold belt.

On behalf of the Board of Directors

Gillian Kearvell, Vice President Corporate Development

This discussion includes certain statements that may be deemed "forward-looking statements". All statements in this discussion, other than statements of historical facts, that address future exploration drilling, Exploration activities and events or developments that the Company expects are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business condition.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of the content of this news release.

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