Aurelian Resources Inc.
TSX VENTURE : ARU

Aurelian Resources Inc.

February 22, 2007 10:26 ET

Aurelian Intersects 97.54 Metres at 11.92 g/t Gold and 40.13 Metres at 5.27 g/t Gold in Drilling at FDN

TORONTO, ONTARIO--(CCNMatthews - Feb. 22, 2007) - Aurelian Resources Inc. (TSX VENTURE:ARU) today announced results from two additional drill holes from the buried epithermal gold-silver discovery at Fruta Del Norte (FDN) on its wholly-owned Condor Project in south-eastern Ecuador. These include a 97.54 metre interval grading 11.92 g/t gold (Au) and 13.2 g/t silver (Ag) in drill hole CP-07-95, and a 40.13 metre interval grading 5.27 g/t Au and 8.9 g/t Ag in drill hole CP-07-96. The two holes were fan drilled from the same platform with a separation of 35 to 60 m between the two intercepts. These latest results help to define a high grade zone of mineralization that extends to within 100 metres of surface on line 3600N. The mineralization has now been shown to extend for more than 270 metres vertically and remains open at depth.

Maps, cross sections, photos and full gold and silver assay data from this and previous press releases may be viewed at www.aurelian.ca.

"While considerable attention has been focused on our step-out holes to the south of FDN, these latest holes demonstrate the ability of our infill drilling program to return high-grade intercepts from previously untested areas, adding to the dimensions and tenor of the FDN deposit," says Aurelian President & CEO Patrick F. N. Anderson. "We will continue to advance our aggressive infill and step-out drilling programs over the coming months as we move towards a formal NI 43-101 compliant mineral resource near the end of Q2/2007."

Results are summarized in the tables below. Intervals containing high grade assays have been re-calculated using a top cut of 105g/t gold.



------------------------------------------------------------------------
Uncut data
------------------------------------------------------------------------
Cross Drill From To Interval Au Au
section hole (metres) (metres) (metres) g/t g/t
------------------------------------------------------------------------
CP-07-95 117.34 214.88 97.54 11.92 13.2
-------------------------------------------------------------
including 127.00 155.00 28.00 24.35 26.2
-------------------------------------------------------------
including 181.00 194.00 13.00 25.46 16.1
-------------------------------------------------------------
CP-07-95 284.50 342.63 58.13 1.31 2.6
-------------------------------------------------------------
9583600N CP-07-96 130.55 170.68 40.13 5.27 8.9
-------------------------------------------------------------
including 159.00 160.00 1.00 125.50 124.0
-------------------------------------------------------------
CP-07-96 215.22 226.66 11.44 0.86 2.7
-------------------------------------------------------------
CP-07-96 270.88 277.88 7.00 1.00 3.9
-------------------------------------------------------------
CP-07-96 287.00 291.36 4.36 2.09 3.5
------------------------------------------------------------------------
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.
------------------------------------------------------------------------


------------------------------------------------------------------------
Intervals with a top cut of 105g/t Au
------------------------------------------------------------------------
Cross Drill From To Interval Au Au
section hole (metres) (metres) (metres) g/t g/t
------------------------------------------------------------------------
9583600N CP-07-95 117.34 214.88 97.54 10.82 13.2
----------------------------------------------------------
CP-07-96 130.55 170.68 40.13 4.76 8.9
------------------------------------------------------------------------
Note: intervals are calculated using a lower cut of 0.5g/t Au and a
105g/t Au top cut, they include a maximum of 5m internal waste.
------------------------------------------------------------------------


CP-07-95 (azimuth 091/dip -59) was drilled on line 9583600N, up dip from drill hole CP-06-64 (107.5 m at 5.01 g/t Au, PR 14/09/06). At a depth of 117.34 m the drill hole crossed the contact between the Suarez conglomerate and the Misahualli andesites, and immediately intersected intense epithermal quartz-carbonate-sulphide stockwork with abundant visible gold. The mineralization continued to a depth of 214.88 m downhole and assayed 11.92 g/t Au over the 97.54 m. A weaker zone of mineralization was intersected at depth and the hole was stopped at 347.47 m.

From the same drill platform drill hole CP-07-96 (azimuth 90/dip -46) was drilled to test the mineralized system up dip from hole CP-07-95. The hole drilled through the base of the Suarez conglomerate at 134 metres downhole (encountering some mineralization in the lower beds) and into intense epithermal banded quartz-sulphide veining and brecciation in andesites, assaying 40.13 m @ 5.27g/t Au and 8.9 g/t Ag. The hole ended at a depth of 329.18 m.

Drill holes with assays pending or in progress include infill holes CP-07-100 on line 3400N where significant visible gold has been intersected, CP-07-101 on line 3300N, CP-07-102 on line 2900N, CP-07-103 on line 3100N, CP-07-105 and CP-07-106 on line 3200N. Holes CP-06-94, CP-07-98 and 99 have been completed on sections 9582800N, 9582700N and 9582600N respectively to test the southern continuation of FDN, although CP-06-98 failed to reach its target depth due to difficult ground conditions encountered while traversing a major fault. Hole CP-07-104 is currently in progress on line 2700N, east of CP-06-98 and has intersected sporadic epithermal stockwork veining with banded epithermal veins up to 1.5 m down hole width displaying visible gold.

South of FDN on section 9582000N, drill holes CP-06-93 and CP-07-97 have been completed and results received for CP-06-93. Although both holes intersected epithermal silicification and marcasite replacement of the Suarez conglomerates no epithermal mineralization was intersected in the underlying andesites and no significant assays were received from CP-06-93. The man-portable rig has now been moved off of this section. Additional holes will be drilled further to the west on this line when a larger rig is available, with the capacity to test below the conglomerate that thickens in this direction.

Results from forty-two diamond drill holes have been released for the FDN prospect to date. Further drill results will be released as analytical data are received, validated and compiled.

The FDN target is interpreted to be an intermediate sulphidation epithermal gold-silver system. The deposit is buried by dominantly post-mineralization basin infill sediments (Suarez Formation) of Jurassic age within a pull-apart basin. The hydrothermal system is characterized by a combination of multiphase quartz-carbonate-sulphide stock work veining and hydrothermal brecciation within intensely silicified andesitic volcanic rocks that underlie the basin. In the southern part of FDN (south of 9583500N), the system is interpreted to dip moderately to steeply westward with a vertical structure bounding it to the east, and is cut by a steep east-dipping fault to the west. At the north end of the system (including and north of line 9583500N) the vein orientations and correlation of mineralization between drill holes indicates that the system is vertical.

Drilling at the FDN deposit has outlined a mineralized envelope that is traceable continuously for over 1100 metres along strike, exceeds 100 metres in width through the central portion, dips moderately westward through to vertical and has a vertical extent of over 250 metres. Drill holes intersect this envelope at an angle and therefore drill hole intercept widths reported in this press release are not true widths. The deposit remains open at depth and to the south. Both the infill and step out drilling programs continue to expand the size of the deposit. Independent experts Dr. Richard Sillitoe and B. Terrence Hennessey have confirmed that the orientation of Aurelian's drill holes is optimal for the FDN deposit. The NI 43-101 compliant mineral resource estimate that will be calculated by Micon International will be based on the dimensions of the overall mineralized envelope and the complete database of assay results.

Samples consist of half NQ, NTW and BTW-size diamond core that are split by diamond saw on site, prepared at the ALS Chemex laboratory in Quito, and assayed by 50g fire assay with an ICPAES or gravimetric finish at the ALS Chemex Lima Laboratory. The quality assurance-quality control (QA-QC) program of Aurelian includes the insertion of certified standards of known gold content every 20 samples, blanks at least every 20 samples and field or lab duplicates every 20 samples. Samples from significant drill intercepts are sent to two additional laboratories to verify gold and silver analyses. Metallic screen fire analyses for Au are also regularly run as additional QA-QC checks. The remaining half core is retained on site for verification and reference purposes.

Stephen Leary (MAusIMM), Aurelian's Exploration Manager, 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, discovering and developing mineral wealth in Ecuador. The Fruta del Norte discovery lies at the heart of the Condor Project properties, located in south-eastern Ecuador and consisting 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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