Nevoro Inc.
TSX : NVR

Nevoro Inc.

June 10, 2008 13:15 ET

Nevoro Acquires Aurora Platinum Exploration

TORONTO, ONTARIO--(Marketwire - June 10, 2008) - Nevoro Inc. ("Nevoro") (TSX:NVR) is pleased to announce that it has completed its acquisition of 100% of the issued and outstanding shares of Aurora Platinum Exploration Inc., (formerly Aurora Metals (BVI) Limited ("Aurora") (OTCBB:AURMF) through a court-approved plan of arrangement (the "Arrangement"), as previously announced in a press release dated April 17, 2008.

Pursuant to the Arrangement each Aurora common share has been cancelled and Aurora shareholders are entitled to receive one Nevoro common share for each share of Aurora. Prior to the completion of the arrangement there were 75,163,584 Nevoro common shares outstanding and 19,981,476 Aurora common shares outstanding. As a result of the completion of the Arrangement, current Nevoro shareholders own approximately 79% of Nevoro and former Aurora shareholders own approximately 21% of Nevoro.

William Schara, President and CEO of Nevoro stated, "The closing Aurora transaction is the first of three major transactions which will make Nevoro a significant development stage company. With Aurora, Nevoro has acquired the Stillwater Project with potential for nickel-copper-cobalt, chromium and Platinum Group Metals (PGM). Our second transaction will be the purchase of Sheffield Resources and its Moonlight Copper Project. Finally, with the expected closing of our previously announced $10 million financing, Nevoro will have a solid cash position to add significant value to these two assets over the coming year".

Aurora's main asset is the Stillwater Project. The Stillwater Project consists of 221 claims totaling 4,578 acres (1,853 hectares) in North America's largest platinum group element ("PGE") mineral district, adjacent to the Stillwater palladium-platinum mine. The Stillwater Project has early- to advanced-stage Ni, Cu, Co, PGE and chromite exploration targets and historic resources. For a full description of the Stillwater Project, please see the Company's press release issued on April 17, 2008 or the Company's website at www.nevoro.com.

About Nevoro

Nevoro is a TSX-listed exploration and development company focused on the discovery of precious and base metals in the western USA. In addition to the purchase of Aurora and the advancement of its Stillwater PGE-nickel-copper-cobalt-chromite project in Montana, Nevoro intends to acquire Sheffield Resources Ltd. and its Moonlight Copper Project. Nevoro also holds 13 gold projects in Nevada and Idaho.

For more information, please visit the Nevoro Inc. website at www.nevoro.com.

CAUTIONARY STATEMENT: This press release contains certain forward-looking information, including future oriented financial information. This information relates to future events or future performance and reflects management's expectations and assumptions regarding the growth, results of operations, performance and business prospects and opportunities of Nevoro. Such forward-looking information reflects management's current beliefs and is based on information currently available to management of Nevoro. In some cases, forward-looking information can be identified by terminology such as "may", "will", "should", "expect", "plan", "anticipate", "believe", "estimate", "predict", "potential", "continue" or the negative of these terms or other similar expressions concerning matters that are not historical facts. Forward-looking information in this new release includes but is not limited to, economic performance of Nevoro and of the combined company, statements regarding potential mineralization and reserve explorations and future plans and objectives of Nevoro, including exploration and development. Forward-looking information involves significant risks and uncertainties. A number of factors could cause actual events or results to differ materially from the events and results discussed in the forward-looking information including risks related to investments, conditions of capital markets, economic conditions, dependence on key personnel, interest rates, regulatory change and availability of future financing. These factors should not be considered exhaustive. In addition, in evaluating this information, investors should specifically consider various factors, including risk factors which may cause actual events or results to differ materially from any forward-looking statement. In formulating forward-looking information herein, management has assumed that business and economic conditions affecting Nevoro will continue substantially in the ordinary course, including without limitation with respect to general levels of economic activity, regulations, taxes, interest rates and that there will be no material changes. Although the forward-looking information is based on what management of Nevoro considers to be reasonable assumptions based on information currently available to it, there can be no assurance that actual events or results will be consistent with this forward-looking information, and management's assumptions may prove to be incorrect. This forward-looking information is made as of the date of this press release, and Nevoro does not assume any obligation, except as required by law, to update or revise them to reflect new events or circumstances. Undue reliance should not be placed on forward looking information.

Contact Information