AUU Gold79 Mines Ltd

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Aura Silver Resources Inc. (TSX VENTURE:AUU) ("Aura Silver" or the "Company")
announces the appointment of Union Securities Ltd. ("Union") to act as its
agent, on a commercially reasonable basis, to offer, by way of a brokered
private placement, units (the "Units") at a price of $0.15 per Unit and
flow-through units (the "FT Units") at a price of $0.17 per Unit for aggregate
total gross proceeds of up to $4,000,000 (the "Offering"). Assuming only Units
were sold, the maximum Offering would result in 26,666,666 Units being issued.


Each Unit will consist of one common share and one-half common share purchase
warrant at an issue price of $0.15 per Unit. Each FT Unit will consist of one
flow-through common share and one-half non-flow-through common share purchase
warrant at an issue price of $0.17 per FT Unit. Each whole warrant in both the
Units and FT Units will entitle the holder to acquire, upon exercise, one common
share at a price of $0.20 per share for a period of 24 months from the closing
date of the Offering (the "Warrants"). Additionally, Warrants will be callable
during the 24 month period, at the option of the Company, should the Company's
common shares trade above $0.40 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, 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 $0.15
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. Proceeds
from the sale of FT Units will be used to fund ongoing drilling programs and
related exploration costs 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, 2012 at the latest. The Company
intends to renounce the qualifying expenditures to subscribers for the year
ended December 31, 2011.


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 87,853,590 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.

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