Aurelian Resources Inc.
TSX VENTURE : ARU

Aurelian Resources Inc.

August 30, 2005 10:15 ET

Aurelian Reports 14 Metres Of 14.47 g/t Gold In Cross Structures At Bonza-Las Penas

TORONTO, ONTARIO--(CCNMatthews - Aug. 30, 2005) - Aurelian Resources Inc. (TSX VENTURE:ARU) is pleased to announce the results of a four hole, 573 metre diamond drilling program at the Penas and Penas East zones, Bonza-Las Penas gold deposit, Condor Project.

These holes were designed to intersect a series of east-west trending quartz-rhodochrosite veins lying within the north-south oriented main Bonza-Penas shear. This structure was identified in trenching at Penas and had previously reported trench intervals of 26 m @ 11 g/t Au and 20.5 m @ 3.03 g/t Au (P.R. 06/23/05). Hole CP-05-42 intersected 101 metres @ 2.85 g/t Au, including 14 metres @ 14.47 g/t Au. All of the drill holes reported here successfully intersected gold mineralization. Results, using a 0.5 g/t Au cut-off, are summarized in the table below.



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Drill hole From (m) To (m) Interval (m) Au g/t Ag g/t
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CP-05-39 9.7 14.25 4.55 0.78 2
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CP-05-39 49.0 102.0 53.0 0.90 9
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CP-05-39 128.9 134.5 5.6 0.50 5
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CP-05-39 143.1 148.45 5.35 0.54 8
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CP-05-40 13.0 21.9 8.9 0.86 2
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CP-05-40 53.4 55.1 1.7 0.71 3
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CP-05-40 65.2 79.8 14.6 1.16 6
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CP-05-40 85.7 124.2 38.5 0.76 7
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CP-05-40 139.4 140.8 1.4 0.60 17
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CP-05-40 156.9 170.1 13.2 1.44 28
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CP-05-41 Hole abandoned
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CP-05-42 0.0 101.0 101.0 2.85 14
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Including 0.0 14.0 14.0 14.47 58
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CP-05-42 114.2 116.2 2.0 0.50 2
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CP-05-43 4.0 30.5 26.5 0.98 5
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CP-05-43 35.5 51.3 15.8 0.75 10
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CP-05-43 62.3 87.2 24.9 1.34 5
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CP-05-43 94.7 97.25 2.55 0.99 7
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CP-05-43 105.6 107.4 1.8 0.89 6
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Note: 0.5g/t Au lower cut
No upper cut
Maximum of 4m internal waste included in intervals


All four drill holes were drilled with a 180 degrees azimuth and dip between 50 degrees and 60 degrees. The holes were located at the south end of the Bonza-Las Penas resource (PR 14/12/2004) within the area previously drilled in 2004 with east-west oriented drill holes.

"We have achieved our goal in this phase of the program and we intercepted the high grade cross structure in drilling. Our next step will be to identify and map further cross structures and ready them for drilling." says President Patrick Anderson.

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, AusIMM, 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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