AuRo Resources Corp.
TSX VENTURE : ARU
FRANKFURT : NXP3

AuRo Resources Corp.

January 25, 2012 09:00 ET

AuRo Resources Appoints Dr. Stewart Redwood as Technical Advisor

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 25, 2012) - AuRo Resources Corp. (TSX VENTURE:ARU)(FRANKFURT:NXP3) (the "Company") is pleased to announce that Dr. Stewart Redwood, FIMMM, has been appointed as a Technical Advisor to the Board of Directors.

Dr. Redwood is an independent geological consultant specializing in minerals exploration and project evaluation. Dr. Redwood has 30 years' experience in minerals exploration in Latin America, and has published over 65 technical papers and articles.

"We are extremely honoured and fortunate to have an individual of Dr. Redwood's caliber, track record and expertise within Colombia, as a Technical Advisor to the AuRo Board. He truly is a pioneer within the Colombian exploration and mining sector," said Mark Lawson, President & CEO of AuRo Resources Corp.

From 2005 to 2009 Dr. Redwood was Vice President of Exploration for Colombia Goldfields Ltd. which developed the Marmato Gold Project before it was acquired by Medoro Resources (now Gran Colombia Gold Corp.).

From 2004 to 2005 he was President and CEO of GoldQuest Mining Corp., and was one of the founders of its predecessor in 2001. GoldQuest has made a number of discoveries in the Dominican Republic.

In 2000 Dr. Redwood was with AngloGold Ltd. (now AngloGold Ashanti) as Chief Geologist for South America, based in Sao Paulo, Brazil. He supervised mine site exploration in Argentina and Brazil, and generative exploration programs in Peru, Ecuador and Colombia.

From 1994 to 1999 he was with Inmet Mining Corporation (previously called Metall Mining Corp.) as a Project Geologist than a Senior Geologist in South and Central America. This included secondment to the feasibility study team for the Antamina copper and zinc project in Peru. In Antamina he supervised the reserve drilling program that increased mineable reserves fourfold to 500 million tonnes grading 1.2% copper and 1.0% zinc. Antamina began commercial production in 2001. His last position with Inmet was General Manager Peru.

Dr. Redwood has a degree in geology from Glasgow University (1982) and obtained his Ph.D. from Aberdeen University (1986) for his work on the gold and silver deposits of Bolivia. He then worked for the British Geological Survey in regional mapping and mineral exploration in Scotland (1986 - 1989). From 1989 to 1994 he was the Director of Exploration for Mintec S.A., the largest mining consulting company in Bolivia.

Dr. Redwood is a Fellow of The Institute of Materials, Minerals and Mining (FIMMM), a Fellow of the Geological Society of London (FGS), a Fellow of the Society of Economic Geologists, and a Member of the Geological Society of America.

AuRo will also be issuing 250,000 incentive stock options to Dr. Redwood, and 250,000 incentive stock options to Latinvest Capital Limited. The options have been issued under the Company's existing Stock Option Plan, have an exercise price of $0.10 and are exercisable for a period of five years.

ON BEHALF OF THE BOARD

Mark Lawson, President & CEO

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

  • Pinnacle Capital Markets
    Stephen Goodfellow
    416-900-3719

    Pinnacle Capital Markets
    Spyros Karellas
    416-800-8291

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