SOURCE: Aurus Corporation

December 20, 2006 10:19 ET

Aurus Announces First Gold Shipment for the New Year

NEW YORK, NY -- (MARKET WIRE) -- December 20, 2006 -- AURUS Corp. (PINKSHEETS: AURC) is pleased to announce that it is processing its Krong gold reserves of 2,572,000 troy oz. and is preparing its next gold bullion shipment for January 12 of the coming year. Due to the projected increase in production, arrangements have been made for shipments three times each month. These shipments are made to the district bank according to the directives of the government agency. The company will have exact figures on these shipments after the first few weeks of the New Year.

The Company has learned that the SEC has implemented the Short Sale Threshold rule on its stock which is the result of excessive naked shorting on its securities. Although the Company regrets that such shorting exists, it is very positive that no further shorting shall be allowed to affect the positive developments ahead. The Company's current share structure is as follows:

The Company reports that it has completed all the necessary filing requirements for the Frankfurt Stock Exchange and is waiting to hear back from it for authorization to commence trading. The company asks shareholders to exercise patience due to that fact that the time line is out of the Company's hands.

Aurus Corporation also announces that it has hired Business Development Consultants, LLC (BDC) to perform investor relations services for the company. Jeremy Krause, Managing Director of BDC, said, "I am extremely excited to work with a Company that holds so much potential. A big part of BDC's business development work with Aurus Corp. will be to help the Company in being more transparent with the investment community. My hope is that with more transparency the Company will be able to realize its true Market Cap. value."

About Aurus Corporation

Aurus Corporation is a publicly traded mining holding company with several precious metal properties with over 5 million ounces in gold reserves, trading under the ticker symbol AURC on the US Pinksheets market. Aurus seeks to continue acquire proven gold and other precious metal reserves in Russia and other emerging counties and operate its mines through joint ventures and/or partnerships.

Contact Information

  • Contact:
    Jeremy Krause
    Managing Director
    Business Development Consultants, LLC