AUU Gold79 Mines Ltd

Aura Silver Resources Inc. (TSX VENTURE:AUU) ("Aura Silver" or the "Company") is
pleased to announce that it has entered into a definitive option agreement with
Agnico Eagle Mines Limited (NYSE:AEM)(TSX:AEM) ("Agnico Eagle") which will allow
Agnico Eagle to earn an interest in 17 claims comprising part of the Company's
Greyhound property (the "Property") located in Nunavut, Canada. Agnico Eagle
owns and operates the Meadowbank gold mine located approximately thirty five
kilometers north of Greyhound and the two properties are connected by the mine's
all-weather road which also provides access to the town and inland ocean port of
Baker Lake just 30 kilometers to the south.


Details of the definitive option agreement are as follows: 

1. For the first three years of the agreement, Agnico Eagle has the exclusive
right to earn an undivided 51% ownership interest in the Property, by making
$250,000 in cash payments to the Company and incurring $1,750,000 in work
expenditures (or, in respect of work expenditures, at Agnico Eagle's option, by
making cash payments to the Company or a combination of work expenditures and
cash payments).


2. Upon completion of earning a 51% interest, Agnico Eagle will have the option
to increase its ownership interest in the Property to 70% over a further three
year period by: (A) either (i) solely financing a Feasibility Study in respect
of the Property, or (ii) solely incurring $5,000,000 of additional work
expenditures (or, at Agnico Eagle's option, providing cash payments to the
Company in an equivalent amount or a combination of work expenditures and cash
payments) on or in respect of the Property, and (B) providing to the Company
cash option payments of (i) $100,000 with the delivery of the notice as to its
exercise of this option, and (ii) $150,000 at the first anniversary of exercise
of the option. 


3. If any party's interest in the project falls below 10% then that party will
forfeit their 10% interest and in return will receive a 2% NSR royalty. The
other party may at any time purchase one-half of the NSR royalty, namely a 1%
NSR royalty, for an amount of $2,000,000.


Agnico Eagle will be the operator of the Property and will utilize its internal
expertise and equipment to conduct work programs. The Greyhound property is
currently fully permitted for drilling and it is anticipated that a drilling
program on defined targets will be initiated as soon as practicable during the
current work season. Aura Silver is pleased that Agnico Eagle is proceeding with
an exciting drilling program on the Greyhound property to test gold and silver
targets.


Aura Silver CEO, Robert Boaz states, "We are extremely happy to partner with
Agnico Eagle given their in-depth knowledge of the area geology and their
extensive expertise in exploration and development in Nunavut. Given Agnico
Eagle's significant local presence, investment in area infrastructure and
on-site personnel their cost of drilling is anticipated to be significantly
lower than any alternative Aura Silver could achieve. We can now drill targets
for what we anticipate to be high-grade gold and silver which have been
determined by a combination of Aura Silver's past geochemical (both organic and
inorganic) and geophysical analyses as well as Agnico Eagle's analysis of the
data."


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 (72% owned East Taviche project). Aura
Silver has 101,680,844 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.


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.


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

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