Aurelian Resources Inc.
TSX VENTURE : ARU

Aurelian Resources Inc.

August 18, 2005 12:03 ET

Aurelian Receives New High Grade Gold and Silver Assays From the Bella Vista Prospect as Phase Two of Exploration Commences

TORONTO, ONTARIO--(CCNMatthews - Aug. 18, 2005) - Aurelian Resources Inc. (TSX VENTURE:ARU) is pleased to announce the completion of Phase One exploration and the commencement of Phase TWO exploration at the Bella Vista gold and silver prospect at the Condor Project in southeastern Ecuador. New assays from the area have returned up to 23.3 g/t of Au and 449 g/t of Ag, with 19 samples returning greater than 2 g/t of Au. To view the maps associated with this press release please visit www.aurelian.ca.

The purpose of Phase One follow-up of the stream sediment anomaly at Bella Vista was: to identify the main trend of the mineralization, where an outcrop grab sample assayed 47.3 g/t Au (PR 08/06/2005) and to identify other mineralized structures through geologic mapping and sampling. The completion of Phase One has identified the main trend as 050 degrees, dipping between 40 to 60 degrees to the southeast. In addition to the previously outlined Morales Shear Zone, another 5 mineralized structures have been delineated in the course of Phase One. Mineralization occurs as veins and mineralized shear zones in the in the Zamora batholith granodiorite.

During Phase One, the total number of grab and rock chip samples taken is 197 of which 18 samples are from float and 168 samples are from outcrop. Of the outcrop samples, 38 are rock chip samples between 1.0 m and 4.0 m in length and the other 141 are grab samples. The grade of the samples ranges from less than 0.001 to 23.3 g/t for Au and less than 0.2 to 449 g/t for Ag. Approximately 10% of all samples taken average greater than 1.0 g/t of Au:



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Sample Number Au (g/t) Ag (g/t) Sample type Comment
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116502 4.04 3 Grab from outcrop
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116504 2.54 26 Grab from float
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116505 2.97 13 Grab from float
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156032 2.16 5 Grab from outcrop
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156033 3.35 20 3.0 m chip sample These three
from outcrop samples
-------------------------------------------------- represent
156034 5.37 47 3.0 m chip sample a composite
from outcrop chip across
-------------------------------------------------- 2.0 m of
156035 16.05 18 3.0 m chip sample true width
from outcrop
---------------------------------------------------------------------
156068 1.57 2 Grab from outcrop
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156084 5.72 35 Grab from outcrop
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156104 1.01 2 Grab from float
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156113 6.20 5 Grab from float
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156139 2.56 449 Grab from float
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156155 3.15 3 Grab from outcrop
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156173 1.11 1 Grab from outcrop
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156175 3.40 2 Grab from outcrop
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156178 3.35 2 Grab from outcrop
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156182 3.03 4 Grab from outcrop
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156183 3.83 4 Grab from outcrop
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156184 23.30 50 Grab from outcrop
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President Patrick Anderson states, "These results fully justify follow-up. We are immediately initiating Phase Two of exploration to further delineate the scope of these high grade structures. This phase will include a program of line-cutting, mapping, geochemistry and geophysics using the company's magnetometers. We expect to have the results for this next stage within the next two months."

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-Las Penas gold-silver deposit. To date, the program has covered more than 50% of the Aurelian concessions and has uncovered 17 significant gold anomalies and 9 copper anomalies.

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, the company'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-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.



AURELIAN RESOURCES INC.
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