Aurelian Resources Inc.
TSX VENTURE : ARU

Aurelian Resources Inc.

July 19, 2005 11:12 ET

Aurelian Starts Drilling High Grade Cross Structures At The Bonza-Las Penas Deposit

TORONTO, ONTARIO--(CCNMatthews - July 19, 2005) - Aurelian Resources Inc. (TSX VENTURE:ARU) is pleased to announce the commencement of a minimum of 600 metre diamond drilling program at the Penas and Penas East zones of the Bonza-Las Penas gold deposit on their Condor Project.

This phase of drilling is targeted to intersect a zone of quartz-rhodochrosite epithermal veins trending east-west across the north-south oriented Bonza-Penas shear structure which were previously identified in mechanized trenching at Penas. The program will test the extent of mineralization beneath trenches CP-TR-05-27 and CP-TR-05-28 which had intercepts of 26 m of 11 g/t of Au and 20.5 m of 3.03 g/t of Au respectively.



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TRENCH FROM TO LENGTH Au Ag TARGET
(m) (g/t) (g/t)
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CP-TR-05-27 16.00 42.00 26.00 11.33 41.4 Penas
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including 30.00 32.00 2.00 35.00 28.1 Penas
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including 34.00 36.00 2.00 26.80 79.7 Penas
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and 42.00 48.00 6.00 6.40 48.4 Penas
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and 48.00 50.00 2.00 7.59 34.7 Penas
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and 50.00 54.00 4.00 2.04 8.3 Penas
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and 54.00 60.00 6.00 1.15 8.0 Penas
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CP-TR-05-28 0.00 2.00 2.00 0.70 4.1 Penas
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and 10.00 41.00 31.00 1.09 14.2 Penas
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and 70.30 72.00 1.70 1.19 8.0 Penas
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and 80.00 81.50 1.50 20.60 23.9 Penas
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and 90.00 110.50 20.50 3.03 12.4 Penas
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"Our goal here is to prove the existence and continuity at depth of high grade zones within the Bonza-Las Penas deposit. A detailed soil geochemistry survey is also currently in progress, with the aim of identifying additional cross structures which are interpreted to control the higher grade mineralization in the Bonza-Las Penas deposit." says President Patrick Anderson.

The interval in trench CP-TR-05-27 from 16 to 42 metres (11.33 g/t Au) was re-assayed for gold using metallic screen analysis. The composited results are 8.65 g/t gold indicating that the nugget effect is fairly minimal. Visible gold is rarely seen at Las Penas.

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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