SOURCE: Auric Mining Company

November 16, 2010 10:05 ET

Auric Mining Updates and Files Claims on Its Mining Properties

WILMINGTON, DE--(Marketwire - November 16, 2010) - Auric Mining Corp. (PINKSHEETS: AUMY) (the "Company") announces that the Company has filed and updated its mineral claims with the respective Ministries for its Dog Lake property and the previously announced proposed acquisition of the Dolly Gold property.

As a result of its recent exploration on the Dolly Gold Showing in late October, the Company has staked an area of 541 Hectares located at the North end of Mari Lake which was recorded on October 22, 2010. The company has filed two mineral claims under the number S-111874 with the Ministry of Mines and Natural Resources in the Province of Saskatchewan on November 3rd, 2010. The claim is valid for a period of two years and the Company may stake additional acreage in the area. The Company will attempt to collect additional rock samples prior to winter freeze up to reconfirm testing results from previous drilling in 1985. Management intends to close the acquisition of this property in the coming weeks pending further results.

Auric Mining has also updated its mineral claims with the Ministry of Northern Development Mines and Forestry in the Province of Ontario for its Dog Lake Property located in the Sault Ste. Marie Mining Division and filed claim numbers 4254032, 4254033, 4254034, and 4254035 on June 22nd, 2010. The claims are valid for a period of 2 years.

The Company has received Phase 1 and Phase 2 exploration budget proposals and is planning to be active on its two properties by early next Spring. 

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 

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