AURELIAN RESOURCES INC. NEWS RELEASE Trading Symbol TSX:ARU July 18th, 2007 For immediate release Aurelian Intersects 172.70 Metres Grading 7.71 g/t of Gold in Infill Drilling and 158.64 Metres Grading 8.13 g/t of Gold at the Eastern Edge of FDN TORONTO, ON Aurelian Resources Inc. (TSX:ARU) today announced results from 10 additional drill holes from the buried epithermal gold-silver discovery at Fruta Del Norte (FDN) on its wholly-owned Condor Project in south-eastern Ecuador. These include 172.70 metres grading 7.71 g/t of gold ( Au ) and 8.2 g/t of silver ( Ag ) in infill drill hole CP-07-130 and 158.64 metres grading 8.13 g/t Au and 11.3 g/t Ag in CP-07-126 at the eastern edge of the deposit. The drill holes are from sections 9583300N and 9583200N respectively. "We ve had good success in this most recent round of drilling. The results confirm the geometry and grade of known zones of FDN, while also adding new mineralisation at depth and to the east, says Patrick F.N. Anderson, Aurelian s President and CEO. Drilling is now complete for the inferred resource estimate and once all the assays are in from the lab, our independent engineers, Micon International, will finalise their interpretation. Mr. Anderson adds, Drilling will continue at FDN as we build on the initial resource by targeting open areas of the deposit to the south, north and east. Meanwhile, a separate regional exploration team is continuing to drill at the El Tigre gold target and preparing other gold targets for drilling along strike from FDN. A table containing more complete intercepts from the 10 drill holes is listed below while maps, cross sections, photos and full gold and silver assay data from this and previous press releases may be viewed at www.aurelian.ca.
FDN Results Results are summarized in the tables below. Intervals containing high grade assays have also been re-calculated using a top cut of 105 g/t of gold. Cross section Drill hole From Uncut data To Interval Au g/t Ag g/t 9582700N CP-07-117 358.10 388.88 30.78 1.02 6.2 CP-07-117 397.88 589.44 (EOH) 191.56 1.84 11.9 CP-07-124 376.00 502.00 126.00 1.72 5.0 CP-07-124 513.64 538.00 24.36 2.70 6.1 CP-07-124 547.00 557.60 10.60 15.86 6.3 9582900N including 555.20 555.70 0.50 311.00 84.2 CP-07-124 563.71 611.00 47.29 15.19 12.6 including 563.71 564.85 1.14 59.90 70.6 and 591.20 591.60 0.40 1535.00 643.0 CP-07-124 619.00 625.50 (EOH) 6.50 5.05 59.0 CP-07-126 215.00 373.64 158.64 8.13 11.3 including 235.00 247.10 12.10 14.51 15.3 9583200N and 341.47 344.62 3.15 256.81 208.6 CP-07-126 566.12 568.12 2.00 22.40 19.2 CP-07-127 369.00 374.00 5.00 1.03 3.0 9583300N CP-07-130 250.00 422.70 172.70 7.71 8.2 including 252.00 293.40 41.40 22.32 11.2 CP-07-128A 425.80 503.80 78.00 2.73 31.8 9583400N including 453.10 489.10 36.00 4.68 49.6 CP-07-128A 551.60 595.40 43.80 0.96 21.3 9583500N CP-07-121 443.50 448.15 4.65 1.02 2.1 CP-07-120 150.70 423.50 272.80 5.79 8.0 including 239.79 256.80 17.01 11.18 9.8 9583600N and 269.35 308.60 39.25 8.06 8.0 and 318.50 332.05 13.55 21.26 17.9 and 356.50 368.00 11.50 22.88 15.1 9583700N CP-07-123 No significant intercepts 9583900N CP-07-122 No significant intercepts Note: intervals are calculated using a lower cut of 0.5 g/t Au and no top cut, they include a maximum of 5 metres internal waste. Cross section Drill hole Intervals with a top cut of 105g/t Au From To Interval Au g/t Ag g/t 9582900N CP-07-124 547.00 557.60 10.60 6.14 6.3 CP-07-124 563.71 611.00 47.29 3.10 12.6 9583200N CP-07-126 215.00 373.64 158.64 4.75 11.3 9583300N CP-07-130 250.00 422.70 172.70 7.53 8.2 Note: intervals are calculated using a lower cut of 0.5 g/t Au and a 105 g/t Au top cut, they include a maximum of 5 metres internal waste.
CP-07-117 (azimuth 095/dip -65) was drilled on section 9582700N to test the south-southeast trend of the system towards the Bonza-Las Penas epithermal deposit 500 metres further south. The drill hole intersected quartz sinter buried below the Suarez formation sediments at 350 metres before drilling into a well-developed epithermal stockwork assaying 30.78 metres at 1.02 g/t Au and 6.2 g/t Ag, followed by 191.56 metres at 1.84 g/t Au and 11.9 g/t Ag to end of hole at 589.44 metres. On section 9582900N, infill drill hole CP-07-124 (azimuth 95/dip -62) intersected epithermal stockwork veining and narrow veins. The initial zone of stockwork was a 126 metre interval assaying 1.72 g/t Au, followed at depth by less intense stockwork and narrow veins, but containing some significant visible gold. Assays from this zone include 0.4 metres grading 1535 g/t Au and 643 g/t Ag from stockwork veining and 0.5 metres grading 311 g/t Au and 84.2 g/t Ag and 1.14 metres grading 59.90 g/t Au and 70.6 g/t Ag from narrow-banded epithermal veins. Two holes have been completed on section 9583200N, with CP-07-126 (azimuth 90/dip -58) intersecting a zone of intense epithermal mineralisation at 215 metres below the Suarez formation sediments. Mineralisation weakened down hole but still returned 158.64 metres at 8.13 g/t Au and 11.3 g/t Ag, including 12.10 metres at 14.51 g/t Au and 15.3 g/t Ag and a narrow high grade vein assaying 3.15 metres at 256.81 g/t Au and 208.6 g/t Ag. The intercept is east of previously released drill holes on this section. Further east again, drill hole CP-07-127 (azimuth 90/dip -58) intersected only weak mineralisation, with best assays of 5.00 metres at 1.03 g/t Au and 3.0 g/t Ag. CP-07-130 (azimuth 88/dip -54) was drilled as an infill hole on section 9583300N but was also angled to test the eastern extent of the system. The hole intersected very intense stockwork veining, returning 172.70 metres at 7.71 g/t Au and 8.2 g/t Ag, with the upper part including an interval assaying 41.40 metres at 22.32 g/t Au and 11.2 g/t Ag. Further north on section 9583400N, hole CP-07-128A (azimuth 100/dip -61) was completed to test the system at depth. The hole successfully intersected epithermal stockwork veining below previous drilling. The best interval assayed 78 metres at 2.73 g/t Au and 31.8 g/t Ag which includes 36 metres at 4.68 g/t Au and 49.6 g/t Ag. From the same drill platform drill hole CP-07-121 was angled north (azimuth 76/dip -66) to test the system at depth on section 9583500N. The hole dropped significantly from the collar orientation, resulting in the hole intersecting the system below where it is truncated by the west fault. The best intercept returned was 4.65 metres at 1.02 g/t Au and 2.1 g/t Ag. A scissor hole CP-07-120 (azimuth 270/dip -75) was completed on section 9583600N and was designed to help define where the system intersects the west fault. The drill hole intersected the top of the mineralised FDN block at 150.70 metres down hole and stayed in mineralisation until hitting the west fault at 423.50 metres, the interval assaying 272.80 metres at 5.79 g/t Au and 8.0 g/t Ag.
Two holes were completed at the north end of the FDN deposit to close off the system to the east for the upcoming resource modeling. Holes CP-07-123 (azimuth 91/dip -50) and CP-07-122 (azimuth 90/dip -50) were drilled on sections 9583700N and 9583900N respectively. Both holes intersected only weak, low grade mineralisation without significant assays, as anticipated. Results from 74 diamond drill holes have been released for the FDN prospect to date. Further drill results will be released as analytical data are received, validated and compiled. The FDN target is interpreted to be an intermediate sulphidation epithermal gold-silver system. The deposit is buried by dominantly post-mineralisation basin infill sediments (Suarez Formation) of Jurassic age within a pull-apart basin. The hydrothermal system is characterized by a combination of multiphase quartz-carbonate-sulphide stock work veining and hydrothermal brecciation within intensely silicified andesitic volcanic rocks that underlie the basin. Drilling at the FDN deposit has outlined a mineralised envelope that is traceable continuously for over 1200 metres along strike, exceeds 100 metres in width through the central and southern portions, dips moderately westward through to vertical and has a vertical extent of over 250 metres. Drill holes intersect this envelope at an angle and therefore drill hole intercept widths reported in this press release are not true widths. Samples consist of half NQ, NTW and BTW-size diamond core that are split by diamond saw on site, prepared at the ALS Chemex laboratory in Quito, and assayed by 50g fire assay with an AAS or gravimetric finish at the ALS Chemex Lima Laboratory. The quality assurance-quality control (QA-QC) program of Aurelian includes the insertion of certified standards of known gold content every 20 samples, blanks at least every 20 samples and field or lab duplicates every 20 samples. Samples from significant drill intercepts are sent to two additional laboratories to verify gold and silver analyses. Metallic screen fire analyses for gold are also regularly run as additional QA-QC checks. The remaining half core is retained for verification and reference purposes. Stephen Leary (MAusIMM), Aurelian s Exploration Manager, is acting as Qualified Person in compliance with National Instrument 43-101 with respect to this release. He has reviewed the contents for accuracy. About Aurelian: Aurelian Resources Inc. is a publicly-listed (TSX:ARU) resource company engaged in the business of exploring, discovering and developing mineral wealth in Ecuador. The Fruta del Norte discovery lies at the heart of the Condor Project properties, located in south-eastern Ecuador and consisting of 38 mining concessions totaling approximately 95,000 hectares. Aurelian is committed to working with the government and people of Ecuador to achieve a modern, sustainable mining industry, which will play an important role in the future growth of the country. Visit www.aurelian.ca for more information.
Forward Looking Statement: Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralisation and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk. The following are important factors that could cause the Company s actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. Aurelian Resources Inc. Patrick F. N. Anderson President & CEO Phone: (416) 868-9100 pfnanderson@aurelian.ca www.aurelian.ca Marla Gale Investor Relations Phone: (416) 868-9100 mgale@aurelian.ca