Aurora Energy Resources Inc.
TSX : AXU

Aurora Energy Resources Inc.

March 11, 2008 14:08 ET

Aurora Energy Resources Inc.: Nunatsiavut Government Considers Proposed Changes to Uranium Mining on Labrador Inuit Lands

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 11, 2008) - Aurora Energy Resources Inc. ("the Company") (TSX:AXU) announces that the Nunatsiavut Government is considering a proposed three-year moratorium on uranium mining and milling on Labrador Inuit Lands in coastal Labrador. The Motion, which passed First Reading, is being brought to community members for review and discussion. The Motion must pass a majority General Assembly vote, following Second Reading, before it can be passed into law.

"Aurora recognizes that uranium mining can only proceed on Labrador Inuit Lands with the agreement and trust of the Labrador Inuit," says Aurora President and CEO Dr. Mark O'Dea. "Aurora is committed to making sure that the Nunatsiavut Government and the coastal communities are comfortable with any proposed mining project."

The environmental assessment process is the most appropriate mechanism to properly assess uranium mining on Labrador Inuit Lands and to provide the comfort to move ahead with the project. Aurora is optimistic that the process will move ahead with the involvement of the Nunatsiavut Government, and is confident that the Nunatsiavut Government, therefore, will have the information necessary to make a decision on uranium mining. "Our efforts will focus on communicating this clearly to the Assembly members and the communities near our project area," added Dr. O'Dea.

Aurora is currently completing a 20,000 metre, winter drill program on both the Michelin and Jacques Lake deposits and is continuing with ongoing engineering studies.

ABOUT AURORA

Aurora is a uranium development company focused on the Central Mineral Belt in coastal Labrador - one of the world's most promising uranium districts.

Aurora is committed to responsible development with lasting local benefits and the highest standards of safety, health, and environmental protection.

Except for the statements of historical fact contained herein, certain information presented constitutes "forward-looking statements". Such forward-looking statements, including but not limited to, those with respect to the timing and amount of estimated future resources and resource conversion rates, future project costs and production, potential for expansion of resources and potential size of future exploration programs and potential timing of receipt of permits and classification of future mineral resources, and potential for future benefits, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievement of Aurora to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks related to the actual results of current exploration activities, conclusions of economic evaluations, uncertainty in the estimation of mineral resources, changes in project parameters as plans continue to be refined, future prices of uranium, environmental risks and hazards, increased infrastructure and/or operating costs, labor and employment matters, and government regulation as well as those factors discussed in the section entitled "Risk Factors" in Aurora's Annual Information Form available on SEDAR at www.sedar.com. Although Aurora has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Aurora disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements.

Contact Information

  • Aurora Energy Resources Inc.
    Andrea Marshall
    Manager, Government and Media Relations
    (709) 726-2223
    or
    Aurora Energy Resources Inc.
    Don Falconer
    VP, Corporate Development
    (416) 362-5556
    Website: www.aurora-energy.ca