Aurora's Michelin Infill Drilling Program Progresses Resource Conversion

Last update: 9:29 a.m. EDT Aug. 5, 2008

VANCOUVER, BRITISH COLUMBIA, Aug 05, 2008 (MARKET WIRE via COMTEX) -- Aurora Energy Resources Inc. ("the Company" or "Aurora") (CA:AXU: news, chart, profile) is pleased to announce that it has received the final results from the three remaining drill holes from the 2008 winter drill program and initial results from the summer drill program at the Company's Michelin deposit ("Michelin") in coastal Labrador.

"The results continue to reinforce the grade and widths of mineralization intersected in both the recent and historic drilling at Michelin, enhancing the resource value of the Michelin Project," said Dr. Mark O'Dea, President and CEO of Aurora. "These results will assist Aurora in the conversion of inferred to indicated NI 43-101 resource categories for pre-feasibility work."

The 2008 drill program focused on both infilling the deeper portion of the main deposit and further confirmation drilling the shallow "open-pitable" part of the deposit above 200 metres depth.

New highlights from both programs are as follows:

- 0.10% U3O8 over 33.91 metres (from 21.6 to 55.5 metres) including 0.25% U3O8 over 7.00 metres (from 21.6 to 28.6 metres) in M08-105

- 0.12% U3O8 over 13.21 metres (from 107.9 to 121.1 metres) and 0.10% U3O8 over 7.37 metres (from 126.3 to 132.6 metres) in M08-093

- 0.14% U3O8 over 12.47 metres and 0.08% U3O8 over 20.10 metres in M08-111

- 0.13% U3O8 over 12.50 metres in M08-110

- 0.27% U3O8 over 7.96 metres in M08-103