African Aura responds to unsolicited take over bid


    TSX-V: AAZ

    TORONTO, Feb. 6 /CNW/ - African Aura Resources Ltd. ("African Aura" or
the "Company", TSX-V: AAZ) announces that it has become aware via a press
release on February 4 and the filing of a take-over bid circular and related
offer documents by Northern Financial Corporation ("Northern") of Northern's
unsolicited C$0.06 per share cash bid (the "Bid") to purchase all of the
issued and outstanding common shares of the Company not already held by
    Notwithstanding that the Bid by Northern is below the Company's current
share price and the net cash backing per African Aura share of C$0.10, the
board of directors of the Company ("the Board") has met and formed a special
committee of independent directors (the "Committee"), being David Netherway,
Manuel Lamboley and Matthew Grainger. The Committee is currently seeking to
appoint a financial advisor for the purposes of preparing an independent
fairness opinion in respect of the Bid and, together with the Committee,
evaluating the Bid, considering other alternatives and making recommendations
to the Board and shareholders of African Aura.
    The Company plans to provide feedback on the Bid in due course. In the
interim, the Company urges shareholders not to take any action with respect to
the Bid.

    African Aura is a mineral exploration company with significant iron ore
and gold projects in Cameroon and Liberia. African Aura trades on the TSX-V
under the symbol AAZ. More information can be found on line at or by email at:

    About African Aura

    African Aura has a 'first-mover' exploration strategy, focused on the
discovery of economic gold, iron and uranium deposits in sub-Saharan Africa.
The Company has established a significant portfolio of gold properties within
Archaean greenstone and Proterozoic volcano-sedimentary belts, including its
flagship Batouri gold project in Cameroon where a maiden gold resource is
anticipated in 2009. The Company's portfolio also includes the 12 km long
Djoum iron project in Cameroon which has returned average grades of 54% Fe
from a 3km long section tested to date. African Aura trades on the TSX-V under
the symbol AAZ. More information can be found on line at
or by email at:
    For more information concerning the Company, please visit our website at: and SEDAR's website at: or contact the
Company directly.

    Neither 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.

For further information:

For further information: African Aura Resources Ltd: John Gray, Chief
Executive,, Tel: +44 (0) 207 239 4722, Cell: +44
(0) 779 616 7811,

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