Aurora Energy Resources Inc.
TSX : AXU

Aurora Energy Resources Inc.

August 23, 2006 14:55 ET

Aurora Selects SNC-Lavalin for Engineering Study at Michelin, Labrador

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 23, 2006) - Aurora Energy Resources Inc. ("Aurora") (TSX:AXU) is pleased to announce that it has appointed SNC-Lavalin Inc. to conduct a preliminary engineering study on its 100% owned Michelin uranium deposit ("Michelin") in the Central Mineral Belt of coastal Labrador.

SNC-Lavalin is a large, Canadian-based engineering design and construction management company with extensive experience in northern mining projects, including Voisey's Bay Nickel Mine in Labrador, as well as in other uranium mining projects elsewhere in Canada.

"We are confident in having SNC-Lavalin as lead engineer and project manager for this preliminary study. They bring a wealth of up to date northern experience and continuity to the project that dates back to the 1970's," says Jim Lincoln, Aurora's Vice President of Operations.

The engineering study will include conceptual design for all infrastructure (transportation, access, power, water, port site, mine facilities and power), mine design and process design. In addition, the engineering study will also evaluate the appropriate permitting procedures for a uranium mine and processing facility.

Aurora is committed to advancing its projects and implementing global best practices and procedures. As such, an environmental baseline study, conducted by Earth Tech Canada and EcoMatrix, is also underway at Michelin and Jacques Lake. These studies will detail current physical, biological and socio-economic conditions in the area and form an important benchmark for future analysis.

ABOUT AURORA

Aurora is a uranium explorer and developer focused on the Central Mineral Belt in coastal Labrador. The Belt is one of the most prospective uranium districts in Canada with exceptional mineral wealth.

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 and the potential for further equity dilution 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, economic and political stability in Canada, 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 Prospectus 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.
    Dr. Mark O'Dea
    President & CEO
    (604) 632-4677 or Toll Free: 1-877-632-4677
    or
    Aurora Energy Resources Inc.
    Dr. Rick Valenta
    Chief Geoscientist
    (604) 632-4677 or Toll Free: 1-877-632-4677
    or
    Aurora Energy Resources Inc.
    Mr. Robert Simpson
    Manager Corporate Communications
    (604) 632-4677 or Toll Free: 1-877-632-4677
    www.aurora-energy.ca