Aurea Mining Inc.

Aurea Mining Inc.

November 01, 2006 09:00 ET

Aurea Mining Inc.-Aurea Sur Project Update-Vinatas Assay Results Confirm Gold Mineralization at Surface

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 1, 2006) -


Aurea Mining Inc. ("Aurea" or "the Company") (TSX VENTURE:MXA) reports that a systematic chip sample program on its Las Vinatas showing has found anomalous gold mineralization at surface with grades up to 0.846 g/ton gold. This is an important confirmation for the potential of Las Vinatas, which is a disseminated and stockwork gold target. Vinatas is one of four exciting new Guerrero Gold Belt ("GGB") style targets discovered on the Aurea Sur project.

Las Vinatas, located 16 kilometres west of Goldcorp's Los Filos Project, is an emerging disseminated and stockwork gold target, with calc-silicate alteration exposed at surface. The gold-bearing stockwork veins are hosted within altered sediments and intermediate porphyry intrusions. Las Vinatas is characteristic of GGB-style mineralization and alteration and is important for its potential to host a bulk mineable open pittable gold target at surface.

Recently, Aurea's field geologists conducted a follow-up exploration program at Vinatas that included semi-detailed mapping and systematic surface sampling over an initial 1000 by 500 meter area. Assay results from 72 outcrop chip samples taken during this program have been received from ALS Chemex laboratories. Fifty nine of the samples show consistently anomalous gold varying from a few ppb above background values, up to 0.846 g/ton gold. The better values are located within a higher grade core anomaly that extends 350 meters by 150 meters. Additional detailed mapping and grid sampling are scheduled for this year.

Drill testing of Vinatas is planned as part of this year's 4,000 meter diamond drilling program already underway at Consorcio. Consorcio is a GGB-style skarn located just six kilometres west of Vinatas. Six drillholes are planned to test various targets at Consorcio before the drill rig moves on to Vinatas.

Las Vinatas is one of four exciting and distinct GGB-style showings discovered on the Aurea Sur project. Each one of the four discoveries occur over an area that extends 10 km north-south by 6 kilometres east-west. Each showing displays alteration and mineralization patterns that are characteristic of other GGB gold deposits. Observed structural and alteration patterns in this large area suggest that the four showings may be part of a single mineralizing system. To date, exploration has mapped and sampled only a small portion of this highly prospective area. Exploration this year has focused on advancing the Aurea Sur discoveries through detailed mapping, sampling, geophysics and diamond drilling.

The Aurea Sur Project consists of four 100% controlled mineral claims which cover an area of over 21 thousand hectares. The Aurea Sur project represents the southern half of the over 80,000 hectare contiguous mineral claims held 100% by Aurea Mining Inc. The claims are strategically located within the Guerrero Gold Belt where over 10 million ounces of gold have already been discovered and are currently being developed by Goldcorp, Teck Cominco and Grupo Mexico (IMMSA).

ALS Chemex is the analytical laboratory for the project. Sample preparation is undertaken in Guadalajara, Mexico and analysis in Vancouver, BC. Gold is assayed by fire assay with an AA finish. Ken Thorsen, a director of the Company, is the qualified person under NI 43-101 for Aurea Mining; he has reviewed and approved the contents of this news release.

On behalf of the Board of Directors

Richard Whittall, President & C.E.O.

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.

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