Aurelian Update on Kinross Offer - Kinross Now Owns 90.7% of Aurelian Shares; Offer Extended to September 29, 2008



    Trading Symbol TSX:ARU

    TORONTO, Sept. 16 /CNW/ - Aurelian Resources Inc. (TSX:ARU) today
announced that per Kinross Gold Corporation's (TSX:K, NYSE:  KGC) press release
issued earlier this morning Kinross has taken up and paid for an additional
15,165,279 common shares of Aurelian under its offer to acquire the Aurelian
common shares. As a result of this acquisition, Kinross now beneficially owns
a total of 138,689,460 common shares of Aurelian, or 90.7% of the issued and
outstanding common shares of Aurelian (on a fully diluted basis), and 89.7% of
the Aurelian shares excluding the 15 million shares acquired by Kinross prior
to the offer.
    Kinross has also extended its offer to midnight (Toronto time) on
September 29, 2008 in order to enable those shareholders who have not yet
tendered their shares a final opportunity to deposit their Aurelian shares to
the offer.
    Kinross has also agreed to make a joint tax election with certain holders
of common shares of Aurelian within 90 days after the expiry time of the
offer. As a result of the extension of the expiry time under the offer, the
deadline for providing the requisite tax information to Kinross has been
extended from December 2, 2008 to December 29, 2008. Details regarding the tax
election are contained in the offer documents and at
https://www.taxelection.ca/kinross.

    About Aurelian
    --------------
    Aurelian Resources Inc. is a publicly-listed (TSX:ARU) company engaged in
exploring, discovering and developing mineral wealth in Ecuador. The Fruta del
Norte (FDN) discovery lies at the heart of the Condor Project, located in
south-eastern Ecuador. The initial Inferred Mineral Resource for FDN was
released in October 2007 and included 58.9 million tonnes grading 7.23 g/t
gold and 11.8 g/t silver for 13.7 million ounces of contained gold and 22.4
million ounces of contained silver (Report titled "A Mineral Resource Estimate
for the Fruta del Norte Deposit, Cordillera del Condor Project,
Zamora-Chinchipe Province, Ecuador" and dated November 15, 2007 filed on
www.sedar.com). Visit www.aurelian.ca for more information.

    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 future political events, potential mineralization,
metallurgy and resources, exploration results, and future plans and objectives
of the Company are forward looking statements that involve various degrees of
risk and may not be within the control of the Company. 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, the uncertainty of access to additional capital, and political
risks in Ecuador.


    %SEDAR: 00017235E




For further information:

For further information: Marla Gale, Director of Investor Relations,
Phone: (416) 868-9100, mgale@aurelian.ca

Organization Profile

AURELIAN RESOURCES INC.

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