AUU Gold79 Mines Ltd

NOT FOR RELEASE OR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO U.S
NEWS WIRE SERVICES


Aura Silver Resources Inc. (TSX VENTURE:AUU) ("Aura Silver" or the "Company")
announces that it intends to raise up to a maximum of $500,000 by way of a
non-brokered private placement of units. Each unit will consist of one common
share and one common share purchase warrant (the "Units"). Each Unit will be
offered at a price of $0.05 per Unit. Each Unit will contain a whole warrant to
be exercisable for a period of two years from the closing of the offering at
$0.10 per common share. This offering of Units would give rise to the issuance
of a maximum of 10,000,000 Units.


It is anticipated that officers and directors of the Company will participate in
the offering.


The Units issued will be subject to a four month hold period from the closing
date of the private placement offering. Finder's fees may be payable in
connection with this private placement in accordance with TSX Venture Exchange
policy. This offering is subject to TSX Venture Exchange acceptance.


Aura Silver intends to use the proceeds of this offering to fund exploration
program costs at the Company's East Taviche and Alma Delia properties in Oaxaca,
Mexico and for working capital and general corporate requirements.


The offered securities will not be registered under the United States Securities
Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or
sold within the United States or to or for the account or benefit of U.S.
persons, except in certain transactions exempt from the registration
requirements of the U.S. Securities Act. This press release does not constitute
an offer to sell, or the solicitation of an offer to buy, securities of the
Company in the United States.


About Aura Silver 

Aura Silver is a TSX Venture listed company engaged in the acquisition,
exploration and development of precious metal prospects in Canada (100% owned
Greyhound project) and in Oaxaca, Mexico. Aura Silver has 97,680,844 common
shares outstanding. 


FORWARD-LOOKING STATEMENTS:

This press release may contain forward looking statements that are made as of
the date hereof and are based on current expectations, forecasts and assumptions
which involve risks and uncertainties associated with our business including the
uncertainty as to whether further exploration will result in the target(s) being
delineated as a mineral resource, capital expenditures, operating costs, mineral
resources, recovery rates, grades and prices, estimated goals, expansion and
growth of the business and operations, the private placement financing
activities of the Company, plans and references to the Company's future
successes with its business and the economic environment in which the business
operates. All such statements are made pursuant to the 'safe harbour' provisions
of, and are intended to be forward-looking statements under, applicable Canadian
securities legislation. Any statements contained herein that are statements of
historical facts may be deemed to be forward-looking statements. By their
nature, forward-looking statements require us to make assumptions and are
subject to inherent risks and uncertainties. We caution readers of this news
release not to place undue reliance on our forward-looking statements as a
number of factors could cause actual results or conditions to differ materially
from current expectations. Please refer to the risks set forth in the Company's
most recent annual MD&A and the Company's continuous disclosure documents that
can be found on SEDAR at www.sedar.com. Aura Silver does not intend, and
disclaims any obligation, except as required by law, to update or revise any
forward-looking statements whether as a result of new information, future events
or otherwise.

Gold79 Mines (TSXV:AUU)
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Gold79 Mines (TSXV:AUU)
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