African Aura Resources Ltd. - Late Filing of Audited Annual Financial Statements



    /NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US
    NEWS WIRE SERVICES/

    TSX-V: AAZ

    TORONTO, Oct. 28 /CNW/ - African Aura Resources Ltd. ("African Aura" or
the "Company", TSX-V: AAZ), a gold exploration company with activities focused
in sub-Saharan Africa hereby advises that it will not be able to file its
annual audited financial statements and related documents within 120 days of
its financial year ended June 30, 2008 as required by National Instrument
51-102.
    The Company's auditor, Deloitte & Touche LLP, estimates that it should be
able to release its auditors report pertaining to AAZ' annual 2008 audited
financial statements and accompanying MD&A by Friday October 31, 2008. The
Company operates in Liberia and Cameroun and Deloitte & Touche LLP's internal
procedures require additional confirmations and approvals of its affiliates in
these countries.
    The Company intends to satisfy the provisions of the alternative
information guidelines provided for in sections 4.3 and 4.4 of the National
Policy 12-203 regarding Cease Trade Orders For Continuous Disclosure Defaults
so long as it remains in default regarding the filing of its annual audited
financial statements for the financial year ended June 30, 2008.

    About African Aura

    African Aura (TSX-V: AAZ) has a 'first-mover' exploration strategy,
focused on the discovery of economic gold, iron and uranium deposits in
sub-Saharan Africa. The Company commenced exploration in 2004 and has
established a portfolio of exploration licences totalling approximately
7,800km2, targeting areas of active artisanal gold mining within Archaean
greenstone and Proterozoic volcano-sedimentary belts. The portfolio includes
the Batouri gold project in eastern Cameroon, the Fula Camp gold project in
western Liberia, and a pipeline of significant prospects for drill testing as
well as numerous other gold, uranium and iron ore targets that require follow
up exploration. For more information on African Aura we invite you to visit
the Company's website at www.african-aura.com.
    For more information concerning the reports, or to obtain additional
information on the Company, please visit our website at: www.african-aura.com
and SEDAR's website at: www.sedar.com or contact the Company directly.

    The TSX Venture Exchange does not accept responsibility for the adequacy
    or accuracy of this press release.
    %SEDAR: 00026221E




For further information:

For further information: John A. Gray, President & Chief Executive
Officer, African Aura Resources Ltd., +44 (0) 1235 511 915, Cell: +44 (0) 779
616 7811, john.gray@african-aura.com

Organization Profile

Afferro Mining Inc.

More on this organization


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890