Aurea Mining Inc.

Aurea Mining Inc.

December 11, 2007 19:00 ET

Aurea Mining Inc. Announces Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Dec. 11, 2007) -


Aurea Mining Inc. ("Aurea") (TSX VENTURE:MXA)(FRANKFURT:A9M) is pleased to announce that it has agreed to a non-brokered private placement of up to 3,333,333 units at a price of $0.30 per unit for gross proceeds of up to $1,000,000. Each unit will consist of one common share and one share purchase warrant. Each share purchase warrant will be exercisable to purchase an additional common share at a price of $0.40 per share for a period of two years from the date of issuance. The units will be subject to a hold period of four months as required by TSX Venture Exchange policies and securities law. This private placement is subject to regulatory approval.

The proceeds of the private placement will be used to fund exploration of Aurea's mineral properties within the Taviche property in the State of Oaxaca, Mexico, the Guerrero Gold Belt in the State of Guerrero, Mexico, and for working capital.

Aurea Mining Inc. ( is focused on exploration in Mexico, building shareholder value through acquisition, exploration and discovery. Monte Alban is an advanced-stage polymetallic exploration project located in the historic Taviche Mining District in Oaxaca State, an area known for several high grade epithermal gold and silver discoveries. Aurea has an option over 100% of the Monte Alban property. The company also controls a 100% interest in over 80,000 hectares of contiguous mineral claims strategically located in the emerging Guerrero Gold Belt of Guerrero State, Mexico. The Guerrero Gold belt hosts a 12 million ounce gold inventory that is currently being explored and developed by several major mining companies.

For further information please visit our web site

On behalf of the Board of Directors

Richard Whittall, President and Chief Executive Officer

This news release may contain forward-looking statements regarding future exploration programs and events. Actual results may differ materially from those currently anticipated in such statements.

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

Contact Information

  • Aurea Mining Inc.
    Richard Whittall
    President and Chief Executive Officer
    (604) 806-6110 or (604) 484-9849
    (604) 806-6112 (FAX)