|May 28, 2012|
Aura Silver Announces Appointment of Vice President of Exploration and New Board Member
|Aura Silver Resources Inc. (TSX-V:AUU) ("Aura Silver" or the "Company") is pleased to announce that Mr. Alain Vachon has accepted the position of Vice President Exploration of Aura Silver. In addition, Mr. Nick Tintor has accepted an appointment to the Board as an independent Director. Alain replaces Mr. Eric Craigie who has retired from his management position but who will remain with the Board as a Director.|
Mr. Vachon has extensive exploration and mine planning and evaluation experience in North and South America, in particular Canada, Mexico and Peru and has represented a number of companies as a Qualified Person (QP). Mr. Vachon has a broad range of experience on exploration projects focusing on gold, uranium, copper and iron ore to name a few. He has worked for a number of major mining companies such as Barrick Gold, Noranda Exploration and Shell Canada Minerals as well as a number of junior exploration companies.
Mr. Tintor is currently Managing Director of RG Mining Investments and has more than 25 years of experience in the mining industry. He has been involved in all aspects of junior mining company management, finance and project acquisition. Mr. Tintor is currently President and CEO of Caracara Silver Inc. (TSX-V:CSV) and Ferrum Americas Mining Inc. (TSX-V:FEM). He was President and Director of Southern Andes Energy Inc. (TSX-V:SUR) from May 2010 until March 2012 and from January 2007 to March 2011, he was President and CEO of Homeland Uranium Inc. Also, from 2002 to January 2008 he was President and Chief Executive Officer of Anaconda Gold Corp.
Robert Boaz, CEO of Aura Silver states that "We are very pleased with the addition of Alain and Nick to our Company. Both bring to us a broad range of experience which will be beneficial to the progress of Aura Silver and the advancement of our properties. I would like to give special thanks to Mr. Eric Craigie who provided Aura Silver with invaluable service over the years and has been key in overseeing our exploration programs in Canada and Mexico. Eric is credited with the discovery of our Greyhound property in Nunavut. I am pleased he will remain with us as a member of the Board."
In connection with these appointments, the Company has granted a total of 450,000 stock options. These stock options are exercisable at $0.10 per stock option and expire on May 25, 2017. This stock option grant and the appointment of Mr. Vachon and Mr. Tintor are subject to acceptance by the TSX Venture Exchange.
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.
For further information regarding this press release contact: Robert Boaz, President and CEO at (905) 403-8010 or by e-mail at firstname.lastname@example.org. Aura Silver's web site is located at www.aurasilver.com.
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.
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