SOURCE: Aurus Corporation

February 12, 2007 16:00 ET

Aurus Obtains Advantageous Financial Package

NEW YORK, NY -- (MARKET WIRE) -- February 12, 2007 -- AURUS Corp. (PINKSHEETS: AURC)

Martin Grancharoff, the newly appointed board member, has obtained financing from a Canadian private equity fund in the amount of $50 million over a period of 5 years.

Mr. Grancharoff states, "The funds will be used to purchase equipment for the Krong operations both on its deposits and in its refinery. Part of the funding will also be used to restart the mining operations with new superior equipment on the deposits held by before the merger by Zabaikalgeoprom."

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 countries and operate its mines through joint ventures and/or partnerships.

Contact Information

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