AUU Gold79 Mines Ltd

Aura Silver Resources Inc. (TSX VENTURE:AUU) ("Aura Silver" or the "Company") is
pleased to announce that it has identified an exceptionally strong and
newly-identified drill target for silver found at the northeast end of its
wholly-owned Greyhound project in Nunavut. The northeast Greyhound claims were
newly staked in the late summer of 2011. This silver target has been defined
through SGH geochemical analysis of surface soils completed by Activation
Laboratories Ltd. of Ancaster, Ontario. The new target is some twenty kilometres
from the previously reported gold and silver targets close to Aura Lake (see
press release #12-03 of May 22, 2012 and press release #11-16 of December 13,
2011). During 2011, Aura Silver conducted its first prospecting of the newer
northeast claims and discovered multiple high-grade surface rock samples and
also completed an extensive soil sampling grid over the northeast claims. 


Aura Silver geologists continue to successfully employ the deep-penetrating SGH
organic geochemistry developed by Activation Laboratories Ltd. to unravel and
pin point anomalous trends across the entire Greyhound project area. Actlab's
SGH analysis detects the organic decomposition products from bacteria and
microbes that feed directly on mineral or petroleum targets and provide a
forensic signature identifying the target buried at depth. SGH has been highly
successful in the analysis of surficial samples prospected over potential
mineral and petroleum targets. The analysis involves the testing for 162
hydrocarbon compounds in the C5-C17 carbon series range in a wide variety of
sample types.


The observation of a specific set of hydrocarbon classes provides a forensic
signature of mineral identification related to the hydrocarbons synthesized by
bacteria that are in contact with the mineral target at depth. The
geochromatographic dispersion of the SGH classes in the overburden has been
successful in delineating mineral targets found at over 700 metres in depth. SGH
analysis has experienced a high success rate in the past with over 900
exploration targets interpreted for a range of major mining companies to junior
explorers in both the mining and petroleum industries.


The northeast Greyhound SGH analysis provided compelling results and has defined
a significant silver target (see Figure 1:
http://media3.marketwire.com/docs/Figure1_1126.pdf; which is also available at
the Company's website www.aurasilver.com under 'News'). This target resides
where no previous drilling or detailed prospecting has occurred. The target is
quite broad (in the range of 500 square metres) indicating a moderate depth
potential of several hundred metres. The analysis also identified a gold target
but this did not bear the same high quality attributes of the more compelling
silver target. Dale Sutherland, Director of Research, Activation Laboratories
stated it's ".... difficult to imagine a better drill target from a geochemistry
standpoint".


Robert Boaz, CEO and President of Aura Silver states that, "in addition to our
drill ready gold and silver targets close to Aura Lake in the southwest of the
property we have now determined that mineralization at Greyhound is much more
widespread than previously thought. This highlights the potential for the
Greyhound project to host multiple gold/silver targets across the strike length
of the Archean greenstone belt covered by our claims.". The Company is currently
in the process of renewing its licenses to allow for future drilling programs to
proceed.


Paul Pitman, P. Geo. is Aura Silver's qualified person (as defined by National
Instrument 43-101) and has reviewed and approved the scientific and technical
information in this press release. 


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 101,680,844 common
shares outstanding. 


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. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Robert Boaz
President and CEO
(905) 403-8010
boaz@aurasilver.com
www.aurasilver.com

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