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Gold/Mining/Energy : ARU.V Aurelian Resources Inc

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To: Postman who started this subject5/20/2004 12:41:57 PM
From: Postman   of 516
 
Latest news release:

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Aurelian Resumes Drilling On The Condor Project
Monday April 19, 11:02 am ET

TORONTO, ONTARIO--(CCNMatthews - Apr 19, 2004) - Aurelian Resources Inc. (ARU:TSXV) is pleased to announce resumption of its diamond drill program at the Bonza-Las Penas zone of the Condor Project in southeastern Ecuador. Details of the diamond drilling to date can be found at www.aurelian.ca
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The Bonza-Las Penas zone represents approximately 25% of a coherent gold-in-soil anomaly that measures in excess of 2 kilometres in length and up to 600 metres in width.

Aurelian's model for the Bonza-Las Penas zone is a potentially bulk-mineable open pit target with encouraging grades and widths over more than a half kilometer strike length. Additionally, surface sampling and drilling indicate that there are higher grade areas within the zone. The goal of drilling of the Bonza-Las Penas zone is to generate a preliminary mineral resource estimate within the 500 metre-long area. It is presumed this resource can be expanded with additional drilling as the zone is open along strike north and south and at depth. Aurelian plans to drill 2300 metres in the current resource definition campaign.

The Condor Project consists of approximately 95,000 hectares of mining concessions. It is geographically removed from the Nambija mining area. Full title to all 38 concessions held by Aurelian have been received and duly registered. Legal counsel of the company in Ecuador has verified the validity of the concessions and that there are no competing or overlapping claims.

Work is at a preliminary stage and to date there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in discovery of a mineral resource on the property.

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Contact:

Aurelian Resources Inc.:
Patrick Anderson
Phone: (416) 868-9100
Fax: (416) 868-1807
pfnanderson@aurelian.ca
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