Out this morniong..Note the dates on the voting by the Govt..in ARU's favour.....nothing postive in the dates here...

Aurelian Update on Ecuadorian Mining Law and Political Process

    Trading Symbol TSX:ARU

    TORONTO, July 18 /CNW/ - Aurelian Resources Inc. (TSX:ARU) today provided
an update regarding Ecuador's draft mining law and expected political
milestones over the coming months in response to shareholder requests.
    On June 27, 2008 the Ministry of Mines and Petroleum (MMP) announced
completion of work on a draft law. Preparation of the draft legislation
involved an extensive consultation process with stakeholders such as
communities, local governments, NGOs and mining companies, including Aurelian.
The draft law was sent on the same day to President Rafael Correa, who is
reviewing the document with his advisors. No update has been provided by the
government as to when the final version of the draft law will be made public.
    "An earlier version of the draft law posted on the MMP web site was
reasonable," said Patrick F.N. Anderson, President and CEO. "We are confident
that President Correa wants to see a responsible mining industry in Ecuador."
    The potential passage of the new mining law would be part of a very full
political calendar in Ecuador for the next year, including the following
milestones as reported in the media:

    <<
    -  The new President of the Assembly, Fernando Cordero, stated that the
       Assembly will complete its work on July 25 and will deliver the
       proposed constitution to the Supreme Electoral Council. At this time
       the Assembly is to be dissolved and will probably be replaced by an
       interim legislative body, although details are still being debated
       regarding its start date, duration, composition, and legislative
       powers.
    -  Ecuadorean media have reported that the date for the referendum will
       be announced on August 21, and that this date will most likely be
       October 5 with final results to be published on October 21.
    -  Ecuadorean media have reported that the dates for general elections
       will be announced on November 6, followed by candidate inscriptions on
       December 10, elections on February 8, 2009 and results on March 10,
       2009. If necessitated by a vote of less than 40% for the leading
       Presidential candidate, the second round of Presidential elections
       will occur on March 22, 2009, with final results on April 11, 2009.
       The newly elected legislative body will take office on April 26, 2009
       and the new President will take office on May 3, 2009.
    -  All of these dates are projections made in Ecuadorean media. The
       official dates will be published by the relevant authorities.
    >>

    Aurelian is hopeful that there will be space within this tight agenda for
processing of the new mining law and will issue further updates when more
precise information becomes available.