Aurelian Resources Inc.
TSX : ARU

Aurelian Resources Inc.

March 13, 2007 08:00 ET

New Geological Report on Aurelian's Fruta Del Norte Project Shows Potential for Continued Expansion

TORONTO, ONTARIO--(CCNMatthews - March 13, 2007) - Aurelian Resources Inc. (TSX:ARU) today announced that Dr. Richard Sillitoe, an independent international consultant and one of the world's leading experts on epithermal gold systems, recently carried out a second study of the company's wholly-owned Fruta Del Norte (FDN) gold-silver epithermal deposit in south-eastern Ecuador. The results of his latest visit are summarized in a geological report entitled "Further Comments on Geology and Potential of the Fruta Del Norte Epithermal Gold Deposit, Ecuador". The report is not a 'Technical Report' as defined by NI 43-101. The report, as well as Dr. Sillitoe's earlier report from August 2006, may be viewed at www.aurelian.ca.

"The new report provides many useful insights into the origin of the deposit and shows the potential for both continued expansion of FDN and for new discoveries in our surrounding concession areas." says Aurelian President & CEO Patrick F. N. Anderson.

Highlights from the report include:

- Notwithstanding the tendency to splay southwards, the deposit remains open in that direction and requires additional drill fences until the mineralization is fully delimited. Northwards, the deposit appears to be truncated by a northeast-striking fault, considered to be post mineralization in timing, and may have been displaced as a consequence. Hence, another drill fence 100 m farther north is recommended.

- Additional drilling is also needed in an attempt to locate the faulted-off western portion of the deposit, an interpretation that has gained further support from the recent exploration results.

- Two additional exploration targets for Fruta del Norte-type gold deposits occur nearby: a 20-km- long belt south of Fruta del Norte and the preliminarily tested Puente-Princesa prospect on the opposite corner of the fault-bounded basin to Fruta del Norte. By analogy with Fruta del Norte, arsenic and antimony anomalism in conglomerate and associated rock types should provide a reliable vector to underlying gold mineralization, although the linkage may not be as direct as previously assumed.

- Drilling during the last seven months has doubled the strike length of the Fruta del Norte epithermal gold deposit and has confirmed the previously proposed geological model of an intermediate sulphidation epithermal system.

- The deposit formed both before and during the accumulation of greater than 200 m of conglomerate in an immediately overlying, fault-bounded basin. The gold deposit is confined to the volcanic rocks beneath the basin because the conglomerate, with its lower portion pervasively silicified, is considered to have acted a barrier to the gold-precipitating fluid. This likely caused the auriferous ore- forming fluid to travel sideways rather than upwards from a primary upflow zone to the south.

Dr. Sillitoe spent three days at the project on behalf of Aurelian Resources, with the specific aim of aiding ongoing geological interpretation and exploration of the Fruta del Norte epithermal gold discovery. The fieldwork comprised inspection of selected intervals of diamond drill core from the 40 holes completed since Dr. Sillitoe's first visit in July 2006. Maps, cross sections, photos and full gold and silver assay data from the FDN deposit may be viewed at www.aurelian.ca.

Stephen Leary, MAusIMM, Aurelian's Exploration Manager, is acting as Qualified Person in compliance with National Instrument 43-101 with respect to this release. He and Dr. Sillitoe have reviewed the contents for accuracy.

About Aurelian:

Aurelian Resources Inc. is a publicly-listed (TSX:ARU) resource company engaged in the business of exploring, discovering and developing mineral wealth in Ecuador. The Fruta del Norte discovery lies at the heart of the Condor Project properties, located in south-eastern Ecuador and consisting of 38 mining concessions totaling approximately 95,000 hectares.

Forward Looking Statement:

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital.

THE TSX HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Contact Information