AuRo Resources Corp.
TSX VENTURE : ARU

AuRo Resources Corp.

April 28, 2011 09:35 ET

AuRo Resources and White Gold Extend Letter of Intent

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 28, 2011) - AuRo Resources Corp. (TSX VENTURE:ARU) (the "Company") reports that the Company and White Gold Corporation ("White Gold") have extended the termination date of the Letter of Intent ("LOI") originally announced on March 9, 2011. The termination date of the LOI has been extended to May 6, 2011 to allow both parties to complete their final due diligence reviews and to negotiate and execute the definitive agreement for the transaction.

Overview of White Gold

Through its wholly-owned Colombian subsidiary, Oro Barracuda SAS., White Gold has solicited nearly 70,000 hectares in Colombia for mineral exploration. The concessions are a combination of concession titles and applications, located in two major gold regions of Colombia, covering parts of five departments ("Provinces"), including the nearby California-Vetas gold-silver mining district, host to the recently acquired Ventana Gold Corp.'s 3.5 million oz La Bodega gold discovery, Greystar Resources Ltd.'s multi-million ounce Angostura gold-silver deposit, and Galway Resources. The balance of the properties are located in the departments of Tolima and Quindio in three distinct blocks proximal to the La Colosa project, a 12.3 million oz gold deposit discovered by AngloGold Ashanti Ltd. La Colosa is one of the largest new gold discoveries in South America.

ON BEHALF OF THE BOARD

Mark Lawson, President & CEO

Cautionary Note Regarding Forward-looking Statements

Certain statements contained in this news release may constitute forward-looking information, within the meaning of Canadian securities laws. Forward-looking information may relate to this news release and other matters identified in the Company's public filings, Forward-looking information and anticipated events or results and can be identified by terminology such as "may", "will", "could", "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", "projects", "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts and include, but are not limited in any manner to, those with respect to capital and operating expenditures, economic conditions, availability of sufficient financing, receipt of approvals, satisfaction of closing conditions and any and all other timing, development, operational, financial, economic, legal, regulatory and/or political factors that may influence future events or conditions. Such forward-looking statements are based on a number of material factors and assumptions, including, but not limited in any manner, those disclosed in any other public filings of the Company, and include the ultimate availability and final receipt of required approvals, sufficient working capital for development and operations, access to adequate services and supplies, availability of markets for products, commodity prices, foreign currency exchange rates, interest rates, access to capital markets and other sources of financing and associated cost of funds, availability of a qualified work force, availability of manufacturing equipment, no material changes to the tax and regulatory regime and the ultimate ability execute its business plan on economically favorable terms. While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forward-looking information for a variety of reasons, including but not limited to risks and uncertainties disclosed in other Company filings at www.sedar.com and other unforeseen events or circumstances. Other than as required by law, the Company does not intend, or undertake any obligation to update any forward looking information to reflect, among other things, new information or future events.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • AuRo Resources Corp.
    Tyler Ross
    Corporate Development
    604-893-8838

    AuRo Resources Corp.
    Jeremy Ross
    Corporate Development
    604-893-8838
    604-681-0796

    AuRo Resources Corp.
    Mark Lawson
    President & CEO
    416-623-0565