Aurelian Update on Kinross Offer; Kinross Now Owns 74.8% of Outstanding Shares



    Trading Symbol TSX:ARU

    TORONTO, Sept. 4 /CNW/ - Aurelian Resources Inc. (TSX:ARU) today
announced that per Kinross' press release earlier this morning, Aurelian
shareholders have deposited 108,524,181 Aurelian common shares to the
previously announced Kinross offer. Kinross now owns a total of 123,524,181
common shares of Aurelian. At the time of the close of the offer, this
represented approximately 74.8% of Aurelian's issued and outstanding common
shares on a fully-diluted basis. However, following completion of the exchange
of the outstanding Aurelian employee stock options for replacement Kinross
stock options in the manner contemplated by the terms of the Kinross offer, a
process that is expected to be completed shortly, this will represent
approximately 80.8% of the issued and outstanding common shares on a
fully-diluted basis.
    Kinross has extended its offer to 6 p.m. (Toronto time) on September 15,
2008 to allow Aurelian shareholders that have not yet tendered their shares to
deposit their shares to the offer. For further details please see the Kinross
press release at www.kinross.com.

    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: Patrick F.N. Anderson, President and CEO,
Phone: (416) 868-9100; Marla Gale, Director of Investor Relations, Phone:
(416) 868-9100, mgale@aurelian.ca

Organization Profile

AURELIAN RESOURCES INC.

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