Aurelian Resources Inc.
TSX VENTURE : ARU

Aurelian Resources Inc.

July 05, 2005 10:21 ET

Aurelian Receives New High Grade Gold and Silver Assays from the Bella Vista and Bella Vista South Prospects

TORONTO, ONTARIO--(CCNMatthews - July 5, 2005) - Aurelian Resources Inc. (TSX VENTURE:ARU) is pleased to announce that new assays have been received from its recently discovered gold and silver prospects at Bella Vista and Bella Vista South on the Condor Project in SE Ecuador. The results have confirmed the presence of significant gold and silver mineralisation.

Assay results have been received from a follow-up sampling program at Bella Vista where previously a single grab sample from an outcrop assayed 47.3 g/t Au (PR 08/06/2005). A duplicate sample was taken from the original outcrop sampled and assayed 42.0g/t Au and 25.0 g/t Ag. The mineralisation is quartz-sulphide veining within a shear zone cutting through the granodiorite host rocks with a strike of 56 degrees and a dip of 40 degrees SE. The shear has now been exposed over a true width of 3m and contains multiple bands of quartz-sulphide mineralisation. Additional outcrops of the mineralized shear were identified 5m and 10m along strike and to the west and grab samples from these returned assays of 12.10g/t Au and 5.9g/t Ag; and 20.8g/t Au and 23.7g/t Ag respectively. A 1m vertical channel across part of the structure returned an assay of 8.04g/t Au and 4.5g/t Ag. The stream sediment geochemical anomaly associated with this prospect is 3 km by 1.5 km in size.

A grab sample was also taken from mineralized outcrop at the Bella Vista South prospect and assayed 0.84g/t Au and 187g/t Ag. The sample is from iron-oxide stained granodiorite, approximately 75m downstream of the previously reported Bella Vista South grab samples (PR 08/06/2005) which outcrop as narrow quartz veins, assaying up to 17.4g/t Au and 5,560g/t Ag. This prospect lies 500 m to the SE of the Bella Vista stream sediment anomaly mentioned in the preceding paragraph.

The Bella Vista and Bella Vista South prospects were discovered during the course of the Aurelian Regional Stream Sediment Sampling Program. The prospects are 20km southwest from the core project area containing the Bonza-Penas gold-silver deposit. To date, the program has covered approximately 50% of the Aurelian concessions and has uncovered 17 significant gold anomalies and 9 copper anomalies.



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Prospect Sample Au g/t Ag g/t Sample type
Number
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Bella Vista 172377 42.00 25.0 Grab from outcrop
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Bella Vista 172378 0.08 0.3 Grab from outcrop
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Bella Vista 172379 0.02 0.2 0.5 m channel from
outcrop
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Bella Vista 172380 8.04 4.5 1 m channel from
outcrop
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Bella Vista 172381 12.10 5.9 Grab from outcrop
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Bella Vista 172382 0.09 0.5 Grab from outcrop
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Bella Vista 172383 0.01 0.3 Grab from outcrop
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Bella Vista 172386 20.80 23.7 Grab from outcrop
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Bella Vista
South 172384 0.84 187.0 Grab from outcrop
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President Patrick Anderson states, "these results prove the prospectivity of the Zamora batholith which underlies approximately 50% of our concessions. It is the first discovery of batholith-hosted gold in SE Ecuador of which we are aware. We interpret it to be of similar type to the producing granite-hosted Pataz gold belt in northern Peru."

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.

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 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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