Aurogin Resources Ltd.

Aurogin Resources Ltd.

October 24, 2006 10:00 ET

Aurogin Completes Construction at El Sastre Gold Mine: Guatemala

TORONTO, ONTARIO--(CCNMatthews - Oct. 24, 2006) - Aurogin Resources Ltd. ("Aurogin" or "the Company") (TSX VENTURE:AUQ) is pleased to report that construction and commissioning of the Company's El Sastre Main Zone gold mine in Guatemala are now complete. The "zero discharge" heap-leach facility has been designed initially to produce gold at a rate of 20,000 oz/yr. The first gold pour is on schedule for the Fourth Quarter of calendar 2006.


Completed construction at the El Sastre Main Zone Mine (see September 13, 2006 press release) includes:

- Receipt of all environmental and operating permits;

- Access and haulage road construction;

- Liner installation in all solution ponds and the pad area;

- Installation of water reticulation systems;

- Installation of electrical power supply systems;

- Construction of plant area and main process structures; and

- Final piping and plant commissioning.

Approximately 20,000 tonnes of ore has been loaded onto the pad area and leaching commenced on October 17, 2006. Assay results for this First Lift are pending.

"We have met our stated target of becoming a gold producer in 2006," stated Darren Koningen (P. Eng.), Vice President - Engineering for Aurogin, "and we are extremely pleased that we have achieved this on time and within our projected cost parameters." Mr. Koningen is the Qualified Person under NI 43-101 for the Project.


Gold resources at the El Sastre Main Zone currently stand at 49,251 ounces of indicated resource (370,000 tonnes at 4.14 grams of gold per tonne (g/t Au), and 117,265 ounces of inferred resource (1,165,000 tonnes at 3.13 g/t Au). In addition, Aurogin has defined 518,000 ounces of inferred resource (13,000,000 tonnes at 1.25 g/t Au) at its Lupita Zone, located 600 metres west of the El Sastre Main Zone. An initial phase of a drill program at El Arenal (2km southeast of El Sastre) was completed earlier this month and results should be available shortly.

A diamond drilling program is underway at the El Sastre Main Zone focused on upgrading the existing inferred resource to indicated status, and facilitating the completion of detailed mine production plans. The Company intends to conduct further exploration drilling elsewhere on its El Sastre Project in order to further expand its overall gold resource.

Aurogin Resources Ltd. is an emerging gold producer focused on the acquisition and development of profitable gold deposits in the Americas. The Company, which is debt free, currently has two core projects: The El Sastre Project in Guatemala, an expanding resource that includes at least four mineralized zones, on which management is aiming to define a resource of one million ounces of gold and begin production during 2006; and, the Lone Mountain Project in Nevada located on the prolific Battle Mountain-Cortez Gold Trend, which has produced some 23 million ounces of gold over the past 30 years, making it the second most productive belt in the state after the Carlin District.

Aurogin Resources Ltd.

Listed: AUQ: TSX-V

Issued: 56,430,721 common shares


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