Published: April 27, 2007
The Board of Aurora Gold Corporation Is Pleased to Announce Board Changes
The Board of Aurora Gold Corporation
(the "Company," "Aurora Gold") (OTCBB: ARXG) (FRANKFURT: A4G) (XETRA: A4G)
(BERLIN: A4G) is pleased to announce the appointment of Mr. Lars Pearl as
President and Chief Executive Officer and Mr. Michael Montgomery to the
board of directors and the resignation of Mr. Klaus Eckhof as President,
Chief Executive Officer and director and the resignation of Mr. Antonino
Cacace as a director.
Mr. Pearl is a geologist and has been involved in the mining industry for
22 years with experience in mining and exploration in Australia, Africa,
South America, Russia and Kazakhstan. Mr. Pearl has been a consultant to
Aurora Gold Corporation for the past 2 years and is currently President and
Chief Executive Officer of Cigma Metals Corporation, a mineral exploration
company with interests in Russia and Kazakhstan.
Mr. Montgomery is a geologist and has over 18 years' experience in the
minerals sector. He has held senior positions in both exploration and
operations with companies such as Consolidated Minerals, Goldfields
Australia and KCGM (Barrick 50% Newmont 50% JV). Mr. Montgomery has worked
with a diverse range of commodities including gold, copper, diamonds,
nickel, manganese, chromite and iron ore. He has undertaken post-graduate
studies in mineral economics and mine planning and is a member of AusIMM.
The Company advises that Mr. Klaus Eckhof has resigned as President, Chief
Executive Officer and Director of the Company effective May 18, 2007. Mr.
Eckhof leaves to pursue other business opportunities, and leaves the
company in a period of consolidation as the Company plans to move into a
production phase. The Board would like to acknowledge the significant
contribution Mr. Eckhof has made to the Company since he was appointed as
CEO and President in 2005 and wishes him well in his future endeavours.
Also, the Company advises that Mr. Antonino Cacace has resigned as a
director of the Company as of April 20, 2007 after serving as a director
since 1995. The Board wishes to thank Mr. Cacace for his valuable
contribution to the Company.
The Company intends to fast track its Molly resource into feasibility and
simultaneously test the Sao Joao deposit for a series of high-grade gold
veins to compliment the Molly resource.
Aurora Gold is a mineral exploration company focusing on the exploration
and development of its 7 exploration properties in the Tapajos Gold
Province, State of Pará, Brazil. The project areas were selected due to
their proximity to known gold occurrences and from historical records of
gold production. The lithologies associated with the projects are similar
to those that have proven to be the host of significant gold occurrences
elsewhere in the Tapajos. Aurora Gold's stock trades on the following
exchanges under the symbol "ARXG" on the NASD OTC Bulletin Board in the
United States of America, under the symbols "A4G.FSE" and "A4G.ETR" on the
Frankfurt Exchange and "A4G.BER" on the Berlin-Bremen Stock Exchanges in
Germany.
ON BEHALF OF THE BOARD
"Cameron Richardson"
Cameron Richardson
Chief Financial Officer and Director
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains statements that plan for or anticipate the
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"should," "could," "expects," "plans," "intends," "anticipates,"
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These forward-looking statements appear in a number of places in this press
release and include, but are not limited to, statements about: our market
opportunity; revenue generation; our strategies; competition; expected
activities and expenditures as we pursue our business plan; the adequacy of
our available cash resources; our ability to acquire properties on
commercially viable terms; challenges to our title to our properties;
operating or technical difficulties in connection with our exploration and
development activities; currency fluctuations; fluctuating market prices
for precious and base medals; the speculative nature of precious and base
medals exploration and development activities; environmental risks and
hazards; governmental regulations; and conduct of operations in politically
and economically less developed areas of the world.
Many of these contingencies and uncertainties can affect our actual results
and could cause actual results to differ materially from those expressed or
implied in any forward-looking statements made by, or on behalf of, us.
Forward-looking statements are not guarantees of future performance. All
of the forward-looking statements made in this press release are qualified
by these cautionary statements. Specific reference is made to our most
recent annual report on Form 10KSB and other filings made by us with the
United States Securities and Exchange Commission for more detailed
discussions of the contingencies and uncertainties enumerated above and the
factors underlying the forward-looking statements. These reports and
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by the U.S. Securities & Exchange Commission at 100 F Street, N.E.,
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at 1-800-SEC-0330. The U.S. Securities & Exchange Commission also
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statements, and other information regarding issuers that file
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http://www.sec.gov.
We disclaim any intention or obligation to update or revise any
forward-looking statements whether as a result of new information, future
events or otherwise, except to the extent required by applicable laws.
This press release is for informational purposes only and is not and should
not be construed as an offer to solicit, buy, or sell any security.
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