Aurelian Resources Inc.

Aurelian Resources Inc.

February 21, 2007 10:14 ET

Aurelian Receives Conditional Approval to List on Toronto Stock Exchange

TORONTO, ONTARIO--(CCNMatthews - Feb. 21, 2007) - Aurelian Resources Inc. (TSX VENTURE:ARU) is pleased to announce that it has received the conditional approval of the Toronto Stock Exchange ("TSX") to list the common shares of Aurelian on the TSX. In order to have its common shares commence trading on the TSX, Aurelian must satisfy certain conditions set by the TSX on or prior to May 17, 2007.

Graduation to the TSX is considered to be an important milestone for Aurelian as it is expected to provide the company with improved access to capital and broader market recognition.

Meanwhile, in Ecuador, work at the FDN epithermal gold and silver discovery at the Company's wholly owned Condor Project continues with five drill rigs currently operating on the deposit. Infrastructure at the site continues to improve to facilitate the increased volume of drilling. Once these upgrades are in place crews will be able to deploy the smaller hand-portable drill rigs to other prospects including El Tigre. We expect to be drilling in at least one of these prospects by the end of the first quarter.

Local communities continue to be a bulwark of support for the company as we work together to bring the project forward. Aurelian currently directly employs more than 180 Ecuadorian technical staff, engineers and labourers, most of whom work on site. The company has several community benefits programs in place including local purchasing and assisting local landowners to obtain full legal title to their lands. Aurelian has recently expanded its community relations team, including a new manager, in order to increase the scope of its programs.

"The completion by Ecuador of a scheduled US$135 million interest payment on its Global 2030 bonds is a positive step," said Patrick F.N. Anderson, CEO and President of Aurelian. "This is in line with previous statements by the government recognizing the need for continued foreign investment in the country, and recent comments by Gustavo Larrea, the Minister of Government, that in Ecuador the state will regulate the economy but is not proposing a state run economy. Overall, we have seen encouraging willingness on the part of both the national and local governments to engage in dialogue in order to ensure that the developing mining industry in Ecuador provides benefits to all stakeholders."

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 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.


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