Aurelian Resources Inc.
TSX VENTURE : ARU

Aurelian Resources Inc.

February 03, 2006 11:37 ET

Aurelian Completes Scout Drilling on Camp Copper Porphyry and Moves Rig to Fruta Del Norte Gold Target

TORONTO, ONTARIO--(CCNMatthews - Feb. 3, 2006) - Aurelian Resources Inc. (TSX VENTURE:ARU) is pleased to announce the completion of phase one scout drilling at the Camp copper porphyry target. The 475 metre program was completed on schedule and results will be released once assays are received, compiled and verified. Currently, the drill is being moved to the Fruta Del Norte ("FDN") target, approximately 3 kilometres to the north, to test the interpreted northward continuation of the Bonza-Las Penas epithermal gold-silver deposit. Drilling is expected to commence on this target within the next week.

FDN is a strong induced polarization (IP) chargeability and resistivity geophysical target on a NW trend 1200m meters from the known epithermal mineralization at the Bonza-Las Penas gold and silver deposit. The target is not expressed at surface and is buried beneath sandstone cover that is estimated at between 20 and 50 metres thickness.

Management continues to be considerably encouraged by the efforts of the Aurelian field team and their findings.

In other news, the company would like to announce the granting of incentive stock options to certain directors, officers and employees to purchase up to 500,000 common shares under the Company's Incentive Stock Option Plan. The options will be granted for a period of five (5) years exercisable at a price of $0.75 per share.

Stephen Leary, MAusIMM, is acting as Qualified Person in compliance with National Instrument 43-101 with respect to this release. He has reviewed the contents for accuracy.

About Aurelian:

Aurelian Resources Inc. is a publicly-listed (TSX VENTURE:ARU) junior resource company engaged in the business of exploring for, with the ultimate goal of developing and producing, precious and/or base metals from its properties located in southeastern Ecuador which consists of 38 mining concessions totaling approximately 95,000 hectares.

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 potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. 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 and the uncertainty of access to additional capital.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

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