Aurelian Comments on Ecuadorian News Article
TORONTO, ONTARIO, May 25, 2007 (MARKET WIRE via COMTEX News Network) --
Aurelian Resources Inc. (TSX: ARU) today announced that it has become aware of a single news story that has been published on the internet commenting on potential changes to Ecuador's foreign investment law. The company does not believe that there is any basis to this report. Aurelian is doing everything within its power to get clarification from the government since this single news story is totally contrary to the government's earlier statements that confirmed its desire to build a mining industry in Ecuador and create a stable environment for foreign investment.
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.
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 mineralization 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.
Contacts: Aurelian Resources Inc. Marla Gale Investor Relations (416) 868-9100 Email: mgale@aurelian.ca
SOURCE: Aurelian Resources Inc. |
