Aurea Mining Inc.

Aurea Mining Inc.

July 16, 2007 10:00 ET

Aurea Mining Inc. Closes Financing

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 16, 2007) -


Aurea Mining Inc. ("Aurea") (TSX VENTURE:MXA)(FRANKFURT:A9M) reports that it has closed the second and final tranche of the non-brokered private placement originally announced on June 21, 2007. In this final tranche Aurea has raised $156,200 by issuing 520,667 units at a price of $0.30 per unit. Each unit consists of one common share and one-half of a common share purchase warrant. Each whole share purchase warrant is exercisable to purchase an additional common share at a price of $0.40 per share for a period of two years expiring on July 16, 2009. The units will be subject to a hold period of four months as required by TSX Venture Exchange policies and securities law expiring on November 17, 2007. Aurea expects to close the second and final tranche in the next few days.

With the closing of this final tranche, and the first one announced on July 4th, 2007, the Company has raised a total of $2,500,000.

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

About Aurea

Aurea Mining Inc. is focused on gold exploration in Mexico, building shareholder value through acquisition, exploration and discovery. The Company 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. Aurea is committed to continuing its history of discovery in the Guerrero Gold Belt and is actively exploring and drilling their Guerrero projects. The Guerrero Gold belt hosts a 12 million ounce gold inventory that is currently being explored and developed by several major mining companies. The recent addition of the Monte Alban Property to Aurea's portfolio represents a significant growth opportunity in keeping with the Company's focus.

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
    (604) 806-6112 (FAX)