Aurelian Resources Inc.
TSX : ARU

Aurelian Resources Inc.

August 13, 2008 18:27 ET

Aurelian Completes Restatement of 2007 Annual and Quarterly Results

TORONTO, ONTARIO--(Marketwire - Aug. 13, 2008) - Aurelian Resources Inc.(TSX:ARU) announced today Aurelian has completed the re-filing of amended and restated annual audited and quarterly unaudited financial statements, including CEO and CFO Certifications and Management's Discussion and Analysis for the year ended December 31, 2007 and quarters ended March 31, June 30 and September 30, 2007. The adjustments result from a Continuous Disclosure Review by the Ontario Securities Commission (OSC).

Adjustments include both those that were identified by the OSC and changes in the way stock-based compensation and Ecuador administrative costs were accounted for. The changes with respect to stock-based compensation and Ecuador administrative costs were already applied to the year ended December 31, 2007 financial statements. None of the adjustments affect the Company's working capital and will have no effect on the Company's continuing operations.

The restated documents will be available at www.sedar.com.

About Aurelian

Aurelian Resources Inc. is a publicly-listed (TSX:ARU) company engaged in exploring, discovering and developing mineral wealth in Ecuador. The Fruta del Norte (FDN) discovery lies at the heart of the Condor Project, located in south-eastern Ecuador. The initial Inferred Resource for FDN was released in October 2007 and included 58.9 million tonnes grading 7.23 g/t gold and 11.8 g/t silver for 13.7 million ounces of contained gold and 22.4 million ounces of contained silver (Report titled "A Mineral Resource Estimate for the Fruta del Norte Deposit, Cordillera del Condor Project, Zamora-Chinchipe Province, Ecuador" and dated November 15, 2007 filed on www.sedar.com). Visit www.aurelian.ca for more information.

Forward Looking Statement

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding future political events, potential mineralisation, metallurgy and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk and may not be within the control of the Company. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability, the uncertainty of access to additional capital, and political risks in Ecuador.

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