Aurion Acquires New Gold Projects in Mexico

Aurion Resources Ltd. ("Aurion") (TSX VENTURE: "AU") is pleased to announce the signing of a Letter of Intent ("LOI") with Golden Minerals Company ("GM") whereby Aurion will have the right to earn a 100% interest in the El Teyra and Rubi-Esmeralda gold projects in Mexico as further described below. The acquisition is subject to exchange approval.

El Teyra Property
The El Teyra property covers 2768 hectares in Zacatecas State located approximately 30 km west of Goldcorp's multi-million ounce Penasquito gold-silver polymetallic deposit. The property is underlain by meta-sedimentary and meta-volcanic rocks cut by a series of northeast-southwest trending shallowly dipping (<45 deg) faults along which high-grade mesothermal style quartz breccias, veins and vein stockworks occur. The property has also seen little previous exploration and no drilling has been documented. Numerous small artisanal workings occur on the property.

Mineralization comprising quartz-iron oxide veins, stockworks and breccia zones up to 700 m long occurs along shallowly dipping faults associated with broader areas of silicification. Systematic rock chip/channel sampling by GM over distances up to 700 m along strike yielded assays of nil to 56.6 g/t Au and 1355 g/t Ag. GM collected a total of 1120 samples of which 170 samples assayed greater than 0.1 g/t Au including 83 assaying greater than 1.0 g/t Au and 20 assaying greater than 10 g/t Au over widths of 0.5 to 2.0 m. The best individual assays include 56.6 g/t Au and 54 g/t Ag, 44.3 g/t Au and 100 g/t Ag and 39.7 g/t Au and 490 g/t Ag, all over 1.0 m.

El Teyra bears similarities to Penoles-Newmont's multi-million ounce La Herradura gold deposit in northern Sonora, Mexico. La Herradura is a structurally controlled mesothermal-style gold deposit with mineralization controlled by low-angle structures.

As per the LOI Aurion has the right to earn an undivided 100% interest in the project subject to a 1.0-2.5% sliding scale NSR by issuing 600,000 shares in equal tranches over 4 years and maintaining the claims in good standing. A bonus payment of $1 million in cash or equivalent shares is due upon Aurion delineating a 43-101 compliant 1.25 million ounce gold resource. The NSR can be reduced by 1% by Aurion paying GM $1 million if the price of gold is greater than $900. Should Aurion option the property to a 3rd party GM will be entitled to 50% of any cash payments included in the deal.

Rubi-Esmeralda Property
The Rubi-Esmeralda project covers 4,030 hectares in Durango State, Mexico. The property occurs at the edge of a major basin and range, is underlain by Eocene volcanics and hosts a >4 km long northwest-southeast trending low-intermediate sulphidation epithermal quartz stockwork/breccia vein system. Limited previous exploration has been conducted, including 5 widely spaced shallow drillholes by Minera Hochschilde in 2004 and 4 other drillsites with unknown results.
The vein system comprises individual veins up to 3.5 m wide within a locally 10-50 m wide zone of alteration and stockwork veining. Surface samples collected along the vein by GM assayed from nil to 4.2 g/t Au and 71 g/t Ag. A best assay of 4.9 g/t Au and 48 g/t Ag over 0.6 m was reported by Hochschilde from one of five widely spaced shallow drillholes completed on the property in 2004. A grab sample collected by Aurion from an old pit/waste dump on a mostly covered small 3rd party held internal claim assayed 20.4 g/t Au and 201 g/t Ag, indicating the property may have mineral potential beyond just the main Rubi-Esmeralda vein system.

The Rubi-Esmeralda vein system strikes parallel to the vein system at Aurion's La Bandera gold project located approximately 8 km to the east-northeast. The geological setting and style of veining exhibiting classic low temperature epithermal textures indicating a shallow depth of formation bear many similarities to the La Bandera vein system.

As per the LOI Aurion has the right to earn an undivided 100% interest in the project subject to a 1.0-2.5% sliding scale NSR by issuing 450,000 shares in equal tranches over 4 years and maintaining the claims in good standing. A bonus payment of $1 million in cash or equivalent shares is due upon Aurion delineating a 43-101 compliant 1.25 million ounce gold resource. The NSR can be reduced by 1% by Aurion paying GM $1 million if the price of gold is greater than $900. Should Aurion option the property to a 3rd party GM will be entitled to 50% of any cash payments included in the deal.

Aurion intends to compile and advance these projects with a view to securing 3rd party option/JV deals asap.