SOURCE: Auric Mining Company

March 01, 2011 09:00 ET

Auric Mining Company Receives NI 43-101 Geological Report on Its Dolly Lake Property

WILMINGTON, DE--(Marketwire - March 1, 2011) - Auric Mining Corp. (PINKSHEETS: AUMY) (the "Company") reports that the Company is pleased to announce that it has received an NI 43-101 qualifying report on its property referred to as Dolly Lake. The property was obtained by Auric Mining Co. through an option agreement with Dog Lake Exploration.

The report was prepared and completed on January 30, 2011 by Mr. John Pearson, M.Sc., P.Geo. of Pearson Exploration Ltd. located in Saskatoon, Sask. Mr. Pearson has over 35 years working as a Geologist for some of the largest mining companies around the world. Most notably, he worked with Cominco Ltd. for a 15 year period and was very actively involved in field exploration throughout the Canadian Shield, Arctic Islands, Greenland, and Turkey. In 1986, while working for the Govt. of Saskatchewan he mapped the Dolly Grid as part of a program to examine the mineral deposits of the Kisseynew Domain.

Since receiving the report, the Company has been evaluating its results and Mr. Pearson's interpretations and recommendations. He has proposed a $1,000,000.00 two phase work program in order to test the property for the presence of an economic gold-quartz vein system. Auric Mining will be releasing the results of Mr. Pearson`s report in a future press release.

About Auric Mining Corp.:
Auric Mining Company (Auric or the Company) is an investment and management company focused on the mining sector and natural resources projects. The Company utilizes its resources by investing in on-going projects to establish immediate cash-flow for the company. Auric performs extensive research through numerous databases of public natural resources companies which have substantial findings already proven. Auric will either purchase, joint venture or invest in these companies. The Company is constantly seeking acquisition opportunities with significant exploration upside in the form of entire companies or packages of assets that provide an undeniable possibility of hosting base and precious metal mineralization. The Company possesses an unparalleled ability to identify successful mineral projects and uses a field-oriented management style with a flat organizational structure. The company is currently focused on developing its owned mining claims in the Wawa area of the Sault Ste. Marie Mining District in Ontario. In addition to its prolific history for gold mining, Wawa has shown promising signs of concentrated kimberlite indicators, a favorable geological formation for diamond exploration. The company has a number of claims strategically located in this historic mining district. We have taken significant effort to assure our shareholders and potential investors that the properties we explore deserve investment of time, effort and financial commitment necessary to establish successful mineral production in the future. For more information please visit www.auricminingcorp.com

Forward-looking Statement:

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995 - forward-looking statements concerning plans, objectives, goals, strategies, future events of performance and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and services demand and acceptance, changes in technology and in economic, political and regulatory conditions and to all of the risks generally associated with a company at Auric Mining's stage of development. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by these cautionary statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

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