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 September 10, 2010
Aura Silver Increases Brokered Private Placement and Adds Flow-Through Component / Agent Syndicate Co-Lead By Union Securities and Dundee Securities

 Aura Silver Resources Inc. (TSX-V:AUU) ("Aura Silver" or the "Company") announces that it has increased the size of the brokered private placement announced on August 9, 2010 from up to $1 million to up to $2 million. In addition, the Company is offering up to $1 million in flow-through units. Union Securities Ltd. ("Union") and Dundee Securities Corporation ("Dundee") have been appointed to co-lead this offering, on a commercially reasonable basis by way of a brokered private placement.

The Company will issue up to 12,500,000 units (the "Units") at a price of $0.16 (US$0.155) per Unit for gross proceeds of up to $2,000,000 as well as up to 5,555,555 flow-through units (the "FT Units") at a price of $0.18 per FT Unit, collectively the "Offering". Each Unit will consist of one common share and one common share purchase warrant at an issue price of $0.16 per Unit. Each FT Unit will consist of one flow-through common share and a non-flow-through common share purchase warrant at an issue price of $0.18 per FT Unit. Warrants in both the Units and FT Units will entitle the holder to acquire, upon exercise, one common share at a price of $0.25 (US$0.24) per share for a period of 24 months from the closing date of the Offering. Additionally, warrants will be callable during the 24 month period, at the option of the Company, should the Company's common shares trade above $0.50 for twenty consecutive trading days on the TSX Venture Exchange. Subscribers will be notified of the call provision being triggered and will have a 30 day period to exercise the warrants.

In consideration for their services, the agents will be paid a commission equal to 8% of the gross proceeds from the Offering, payable in cash. In addition, agents will receive non-transferrable agent's compensation options to acquire that number of Units equal to 10% of the number of Units and FT Units sold and purchased under the Offering. The agent's compensation options will be exercisable for a period of 24 months from the closing date at a price of $0.16 per Unit. The Company has agreed to pay certain expenses reasonably incurred by Union in connection with the financing.

The Units and FT Units issued in the Offering will be subject to a four month hold period from the closing date. This brokered private placement is subject to TSX Venture Exchange acceptance.

Aura Silver intends to use the net proceeds from the sale of Units to fund further drilling and exploration programs at the Company's Taviche property in Oaxaca, Mexico held under option with Intrepid Mines from Pan American Silver Corporation and for working capital and general corporate requirements. As previously reported, the Taviche property has proven to be silver rich (for example, drill hole HBET-16 returned 303.9 g/t silver equivalent over 36.6 meters) with anomalous gold (hole HBET-27 returned 0.93 g/t Au over 23.15 meters). The Company intends to further pursue the source of silver mineralization as well as investigate the extent to which gold grades increase at depth.

Proceeds from the sale of FT Units will be used to fund fall 2010 IP geophysics and soil surveys as well as a spring 2011 drilling program for the Company's 100% owned Greyhound, Nunavut project. The flow-through share proceeds will be used to fund these Canadian exploration expenses prior to December 31, 2011 at the latest. The Company intends to renounce the qualifying expenditures to subscribers for the year ended December 31, 2010. As reported recently, Aura Silver discovered a new gold/silver zone at Greyhound which returned results of up to 28.2 g/t Au and 5,380 g/t Ag. Further prospecting determined that this gold zone may extend for 4 kilometers in a north-east to south-west direction. The Company's exploration programs will be designed to determine the actual extent of this gold corridor.

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 59,102,402 common shares outstanding.

For further information regarding this financing contact: Robert Boaz, President and CEO at (905) 403-8010 or by e-mail at boaz@aurasilver.com. Aura Silver's web site is located at www.aurasilver.com.

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.