/NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US
NEWS WIRE SERVICES/
TORONTO, July 25 /CNW/ - African Aura Resources Ltd. ("African Aura" or
the "Company", TSX-V: AAZ), a gold exploration company with activities focused
in sub-Saharan Africa is pleased to announce that on July 17, 2008 it
appointed Mr. Ajay K. Gupta as Chief Financial Officer, subject to approval of
the TSX Venture Exchange.
Mr. Gupta is a Chartered Accountant (CA), a Certified Internal Auditor
(CIA) and a Certified Public Accountant (CPA) with over 20 years of
experience, including 12 years of international experience in the field of
corporate finance, financial reporting, corporate governance and risk
management. He has worked primarily with publicly traded international and
Canadian corporations, most recently at Scandinavian Minerals Limited.
In connection with this appointment, the Company has accepted the
resignation of Maz Mannan as Chief Financial Officer and would like to express
its appreciation to him for his hard work and dedication.
The Company also announces a grant of options for Mr. Gupta to acquire
200,000 common shares of the Company at an exercise price of CDN $0.55, such
options are subject to certain vesting requirements and are to expire five
years from the date of grant.
Including Mr. Gupta's option grant, the amount of Company options
outstanding totals 5,450,000. A maximum amount of 6,736,254 can be granted
under the Company's current stock option plan.
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
7,800km(2), 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.
For further information:
For further information: African Aura Resources Ltd, John Gray,
President & Chief Executive, Tel: +44 (0) 207 239 4722,
email@example.com, firstname.lastname@example.org, Cell: +44 (0) 779 616