AuRo Resources And White Gold Extend Letter of Intent
NEWS RELEASE
AuRo Resources And White Gold Extend Letter of Intent
Vancouver, British Columbia, April 28, 2011 – AuRo Resources Corp. (TSX‐V: ARU) (the “Company”) reports that the Company and White Gold Corporation (“White Gold”) have extended the termination date of the Letter of Intent (“LOI”) originally announced on March 9, 2011. The termination date of the LOI has been extended to May 6, 2011 to allow both parties to complete their final due diligence reviews and to negotiate and execute the definitive agreement for the transaction.
Overview of White Gold
Through its wholly‐owned Colombian subsidiary, Oro Barracuda SAS., White Gold has solicited nearly 70,000 hectares in Colombia for mineral exploration. The concessions are a combination of concession titles and applications, located in two major gold regions of Colombia, covering parts of five departments ("Provinces"), including the nearby California‐Vetas gold‐silver mining district, host to the recently acquired Ventana Gold Corp.'s 3.5 million oz La Bodega gold discovery, Greystar Resources Ltd.'s multi‐million ounce Angostura gold‐silver deposit, and Galway Resources. The balance of the properties are located in the departments of Tolima and Quindio in three distinct blocks proximal to the La Colosa project, a 12.3 million oz gold deposit discovered by AngloGold Ashanti Ltd. La Colosa is one of the largest new gold discoveries in South America.
ON BEHALF OF THE BOARD
(sgd.) “Mark Lawson”, President & CEO
For further information please contact:
Tyler Ross Jeremy Ross Corporate Development T: 604‐893‐8838
Mark Lawson President & CEO T: 416‐623‐0565
Suite 2020 – 410 West Georgia Street, Vancouver, British Columbia, Canada V6C 5A1 Telephone: (604) 893‐8838 Facsimile: (604) 681‐0796 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.
Cautionary Note Regarding Forwardlooking Statements
Certain statements contained in this news release may constitute forwardlooking information, within the meaning of Canadian securities laws. Forwardlooking information may relate to this news release and other matters identified in the Company's public filings, Forwardlooking information and anticipated events or results and can be identified by terminology such as "may", "will", “could”, "should", "expect", "plan", "anticipate", "believe", "intend", "estimate", “projects”, "predict", "potential", "continue" or other similar expressions concerning matters that are not historical facts and include, but are not limited in any manner to, those with respect to capital and operating expenditures, economic conditions, availability of sufficient financing, receipt of approvals, satisfaction of closing conditions and any and all other timing, development, operational, financial, economic, legal, regulatory and/or political factors that may influence future events or conditions. Such forwardlooking statements are based on a number of material factors and assumptions, including, but not limited in any manner, those disclosed in any other public filings of the Company, and include the ultimate availability and final receipt of required approvals, sufficient working capital for development and operations, access to adequate services and supplies, availability of markets for products, commodity prices, foreign currency exchange rates, interest rates, access to capital markets and other sources of financing and associated cost of funds, availability of a qualified work force, availability of manufacturing equipment, no material changes to the tax and regulatory regime and the ultimate ability execute its business plan on economically favorable terms. While we consider these assumptions to be reasonable based on information currently available to us, they may prove to be incorrect. Actual results may vary from such forwardlooking information for a variety of reasons, including but not limited to risks and uncertainties disclosed in other Company filings at www.sedar.com and other unforeseen events or circumstances. Other than as required by law, the Company does not intend, or undertake any obligation to update any forward looking information to reflect, among other things, new information or future events.