Aurelian Resources Inc.
TSX VENTURE : ARU

Aurelian Resources Inc.

June 21, 2006 10:25 ET

Aurelian Intersects 255 Metres Grading 12.55 g/t of Gold in Drilling at the FDN Epithermal Gold-Silver Discovery

TORONTO, ONTARIO--(CCNMatthews - June 21, 2006) - Aurelian Resources Inc. (TSX VENTURE:ARU) today announced a 255 metre intercept grading 12.55 g/t of gold and 15.9 g/t Ag, at its wholly-owned Condor Project in southeastern Ecuador. The intercept is from diamond drill hole CP-06-58 at the buried epithermal gold-silver discovery at Fruta Del Norte (FDN). Maps, cross sections, photos and full gold and silver assay data may be viewed at www.aurelian.ca.

Results are summarized in the tables below. Intervals containing high-grade assays have been re-calculated using an arbitrary 31.1 g/t Au top cut. Preliminary geostatistics indicate that a much higher top-cut would be used in resource modelling.



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Uncut data
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Cross
section Drill hole From (m) To (m) Interval (m) Au g/t Ag g/t
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CP-06-58 212.65 467.65 255.00 12.55 15.9
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9583400N including 315.45 340.80 25.35 37.00 19.4
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and 380.60 382.35 1.75 70.40 60.8
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and 397.05 432.00 34.95 40.26 60.9
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Note: intervals are calculated using a lower cut of 0.5g/t Au and no
top cut, they include a maximum of 5m internal waste.
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lntervals with a top cut of 31.1g/t Au
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Cross
section Drill hole From (m) To (m) Interval (m) Au g/t Ag g/t
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9583400N CP-06-58 212.65 467.65 255.00 6.88 15.9
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Note: intervals are calculated using a lower cut of 0.5g/t Au and a
top cut of 31.1g/t Au, they include a maximum of 5m internal waste.
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The drill hole is located on section 9583400N, collared 47m west of the previously released intercept from drill hole CP-06-57 (PR 06/06/2006). The drill hole was drilled with an azimuth of 90 degrees and a dip of 63 degrees at the collar, increasing to 70 degrees by the end of hole.

The FDN target is interpreted as a low to intermediate sulphidation epithermal gold-silver system. The mineralization is within a pull-apart basin and buried by conglomerate that is dominantly post-mineralization. The system is characterized by multiphase quartz-carbonate-sulphide stock work veining and hydrothermal brecciation within intensely silicified andesitic volcanics.

Also on section 9583400N, drill hole CP-06-59 has been completed further west. Two additional drill holes have been completed (CP-06-60 and 62) on section 9583500N, all three holes have intersected strong epithermal stock work veining and brecciation with visible gold. A scissor hole is in progress on section 9583400N.

The recent drilling supports the interpretation that the mineralization dips westerly as indicated by vein orientations in drill core and geologic mapping. The mineralized system is interpreted to strike north-south. There is still insufficient data to estimate a true width of the system.

Drill hole CP-06-58 intersected 15 occurrences of visible gold over the 255 metre interval. It occurs as fine disseminations in quartz veins and breccias, as fine seams or as larger pieces in quartz veins. Dendritic growths of gold have also been observed.

Over-limit assays for a 35cm sample from drill hole CP-06-57, reported in a previous press release (06/06/2006) as greater than 1000g/t Au have been received. The sample assays 2304.8g/t Au.

Drilling is comprised of NQ diamond core. The samples are sawed half core and were assayed at ALS Chemex's Vancouver Laboratory by 50g fire assay with an ICPAES or gravimetric finish. As part of quality-assurance, quality-control (QAQC) certified standards of known gold content are inserted every 20 samples, blanks at least every 20 samples and field or lab duplicates are taken every 25 samples. Standards, blanks and duplicates make up approximately 15% of the samples assayed. Half core samples have been retained on site for verification and reference purposes.

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-V:ARU) junior resource company engaged in the business of exploring, discovering and developing mineral wealth in Ecuador. The Condor Project properties are located in southeastern Ecuador and consist of 38 mining concessions totalling 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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