Aurelian Resources Inc.
TSX VENTURE : ARU

Aurelian Resources Inc.

June 08, 2005 11:09 ET

Aurelian Receives Assay Of 47 g/t Gold In Bedrock During Follow Up Of Regional Anomalies On The Condor Project

TORONTO, ONTARIO--(CCNMatthews - June 8, 2005) - Aurelian Resources Inc. (TSX VENTURE:ARU) is pleased to announce the discovery of four new gold and silver mineralized prospects on their Condor Project. Rock samples from outcrop at each of these new prospects have returned gold grades of 10 g/t or higher.

The four recently discovered gold prospects, Pavo Salvaje, Bella Vista, Bella Vista South and El Vampiro, are located approximately 24 km, 20 km, 21km and 11 km south-west respectively from the core project area containing the Bonza-Penas deposit. These new prospects occur within the Jurassic-aged Zamora granitic batholith and were found during follow-up of reconnaissance stream sediment sampling anomalies. A location map showing the new areas and their relation to Bonza-Penas can be seen at http://www.aurelian.ca.

Follow - up work at the Bella Vista area has uncovered two new showings. A grab sample from a 10 cm quartz-sulphide band within a shear zone returned 47.3 g/t gold and 14.3 g/t silver. Recent follow-up work has exposed the shear zone over a true width of 3m. The shear contains disseminated sulphides and at least five bands of more intense quartz-sulphide mineralisation between 2 and 10cm in width. Additional samples have been taken from the structure, assays are pending.

At Bella Vista South, two kilometres to the south-east, a composite grab sample from two narrow quartz-sulphide veins returned an assay of 17.4 g/t gold and 5560 g/t silver.

A float sample taken between Bella Vista and Bella Vista South returned 7.4 g/t gold.

Of the 14 rock samples taken in the Bella Vista areas, seven samples returned gold assays in excess of 0.5 g/t while five samples returned assays above 2 g/t.

The Pavo Salvaje prospect consists of a series of 45 degrees dipping, sheeted quartz veins, from which visible gold can be panned. The thickness of the veins ranges from 0.1 m to 0.4 m. The area was hand-dug by artesanal miners approximately 20 years ago although only a minimal amount of work was performed. Grab samples from the quartz veins have yielded up to 13.75 g/t gold. Rock and soil sampling demonstrates that the size of this anomaly is in excess of 130 m along strike and wider than 80 m across strike. Of the 21 grab samples taken over this area, 13 have gold grades above 0.5 g/t and 7 have gold grades above 2 g/t.

At the El Vampiro prospect, outcrops and float of gold-bearing quartz vein and hydrothermal breccia have been identified. A sample of quartz veinlets, outcropping in a previously worked adit, returned an assay result of 9.95 g/t gold. Float of hydrothermal breccia yielded 3.4 g/t gold. Seven of the 31 rock samples taken in this area (0.5 km2) have gold concentrations above 0.1 g/t while 4 samples have gold concentration above 1 g/t.

Only a minimal amount of sampling has been done in these areas so far. The results demonstrate that bedrock gold is widespread throughout the Cordillera del Condor, and is the source of the regionally widespread alluvial gold deposits. The discoveries also demonstrate that gold can occur within the Zamora granodiorite batholith, greatly enhancing the prospectivity of our concessions, approximately 60 % of which are underlain by this unit. The style of mineralization is similar to the Poderosa gold mining camp of northern Peru, which sits within the Pataz granite batholith.

President Patrick Anderson states, "We consider the regional program to be an ongoing success story success. We have been able to show that there are multiple gold areas outside of the core concession area, in the little-explored peripheral concessions. There are numerous anomalous stream sediment samples still to be followed up, but we have clearly demonstrated that our methods of exploration work."

To date the regional program has covered approximately 50 % of the Aurelian license areas and detected 17 gold anomalies, 9 copper anomalies and 2 lead/zinc anomalies through stream sediment sampling.

Analysis was performed by ALS Chemex Ltd. of Vancouver, Canada, an ISO 9001 series accredited laboratory facility, by 30 g charge fire assay for gold and atomic absorption for silver. Sample preparation was carried out by Chemex's preparation facility in Quito.

Dr. Hendrik Schloemann (Pr. Sc. Nat. South Africa) heads up Aurelian's regional programme and 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 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.

A Map of the Regional Gold and Copper Anomalies in the Aurelian Licence Areas can be found at: http://www2.ccnmatthews.com/database/fax/2000/aur0608.pdf

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release.

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