SOURCE: Aurora Gold Corporation

October 26, 2006 16:30 ET

Aurora Gold Corporation Is Pleased to Announce a New Discovery at the Sao Joao Property

BALCATTA, WA, AUSTRALIA -- (MARKET WIRE) -- October 26, 2006 -- Aurora Gold Corporation (the "Company," "Aurora Gold") (OTCBB: ARXG) (FRANKFURT: A4G) (XETRA: A4G) (BERLIN: A4G), a mineral exploration company focusing on exploration and development in the Tapajos Gold Province, State of Pará, Brazil, is pleased to announce a new discovery at the Sao Joao property.

The Sao Joao property follow-up trenching has revealed 6 quartz veins ranging in width from 0.15 to 0.5m in width. The quartz veins are hosted in a member of the Pararui granite, which is the host of several large gold occurrences in this region of the Tapajos. The granite is stock worked with iron stained veinlets between the major veins, and Aurora Gold is confident these will also host economic gold mineralisation.

Results from sampling of trench 1 resulted in 80m @ 30.94g/t Au

A trench cut along Vein 1 was sampled on 5m intervals resulting in 80m @ 30.94 g/t Au. This vein has been traced on surface for approximately 140m though sub-cropping quartz fragments which indicate this vein may be in excess of 200m in length.

A series of 6 trenches totaling approximately 350m have been cut along 6 sub parallel veins. These veins are believed to be part of a NE trending brittle shear zone.

Aurora Gold is testing the potential of stock work mineralization noted between the veins and has completed a 52m trench normal to the outcropping veins. These samples are currently in transit to the assay laboratory.

Aurora Gold is confident the planned drilling program will intersect significant mineralisation.

Aurora Gold completes acquisition and interpretation of geophysical data.

Aurora Gold has now acquired geophysical data covering all of its properties and has engaged a specialist to assist in geological modeling and target generation on all properties. The geophysical data will assist in defining lithological boundaries and structures to compliment the soil geochemistry and outcrop sampling.

The ongoing geochem soil sampling of all the projects has been integrated into the geophysics and geological mapping to provide a much more robust understanding of trends and mineralisation styles. The trends will be followed up by tighter geochemistry and drill target definition.

Aurora Gold is a mineral exploration company focusing on the exploration and development of its 5 exploration properties totalling 44,469 hectares in the Tapajos Gold Province, State of Pará, Brazil. The project areas were selected due to their proximity to known gold occurrences and from historical records of gold production. The lithologies associated with the projects are similar to those that have proven to be the host of significant gold occurrences elsewhere in the Tapajos. Aurora Gold's stock trades on the following exchanges under the symbol "ARXG" on the NASD OTC Bulletin Board in the United States of America, under the symbols "A4G.FSE" and "A4G.ETR" on the Frankfurt Exchange and "A4G.BER" on the Berlin-Bremen Stock Exchanges in Germany.

ON BEHALF OF THE BOARD

"Klaus Eckhof"

Klaus Eckhof
President, CEO and Director
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This press release contains statements that plan for or anticipate the future, called "forward-looking statements." In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "could," "expects," "plans," "intends," "anticipates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of those terms and other comparable terminology.

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Many of these contingencies and uncertainties can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to our most recent annual report on Form 10KSB and other filings made by us with the United States Securities and Exchange Commission for more detailed discussions of the contingencies and uncertainties enumerated above and the factors underlying the forward-looking statements. These reports and filings may be inspected and copied at the Public Reference Room maintained by the U.S. Securities & Exchange Commission at 100 F Street, N.E., Washington, D.C. 20549. You can obtain information about operation of the Public Reference Room by calling the U.S. Securities & Exchange Commission at 1-800-SEC-0330. The U.S. Securities & Exchange Commission also maintains an Internet site that contains reports, proxy and information statements, and other information regarding issuers that file electronically with the U.S. Securities & Exchange Commission at http://www.sec.gov.

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This press release is for informational purposes only and is not and should not be construed as an offer to solicit, buy, or sell any security.

Contact Information

  • For Further Information:
    Klaus Eckhof
    Phone: (+61) 8 9240-2836
    Address: 30 Ledger Road, Balcatta, WA, 6021 Australia
    Website: www.aurora-gold.com