SOURCE: Aurus Corporation

March 29, 2007 11:56 ET

Aurus Produces Financial Statement

NEW YORK, NY -- (MARKET WIRE) -- March 29, 2007 -- Aurus Corp. (PINKSHEETS: AURC) -- The directors are most pleased to announce that it has produced its audited financial statement for the year ending December 2006.

The statement certifies assets having a value of $4,020,191,806 for Zabaikalgeoprom and an additional $4,500,000,000 for the assets of Krong. It should be noted that according to Russian accounting practices, the assets of Zabaikalgeoprom are offset by the liabilities because these mineral assets have not yet been mined. This entry as a liability is not owed to any third party.

The mineral assets of Krong, again according to accounting practices, are not included in the financial statements because the minerals are out of the ground in the form of tailings. Nevertheless there is a note (2.c) in the statements from the auditor that Krong has mineral assets totalling $4.5 billion.

These statements are audited in accordance with the standards of the Public Company Accounting Oversight Board (United States).

As provided for in previous press releases, these financial statements were prepared within the framework of the Company acceding to the Bulletin Board exchange. The statements will be finalized and published on April 3.

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