/NOT FOR DISTRIBUTION IN THE UNITED STATES OR FOR DISSEMINATION TO US NEWS WIRE SERVICES/
TORONTO, Oct. 31, 2012 /CNW/ - Aureus Mining Inc. ("Aureus" or the "Company"), the TSX (AUE) and AIM (AUE) listed exploration and development Company focused on gold in sub-Saharan Africa, confirms that, on 31 October 2012, its capital consisted of 121,535,043 common shares with voting rights. On that date, no shares were held in treasury. The total number of voting rights in the Company is, therefore, 121,535,043.
The above figure (121,535,043) may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, Aureus Mining Inc. under the FSA's Disclosure and Transparency Rules.
About Aureus Mining Inc.
The Company's assets include the New Liberty gold deposit in Liberia (the "New Liberty Gold Project"), which has an estimated Reserve of 910,000 ounces of gold grading 3.3 g/t and an estimated Measured and Indicated Mineral Resource of 1,143,000 ounces of gold grading 3.6 g/t and an estimated Inferred Mineral Resource of 593,000 ounces of gold grading 3.2 g/t. The project is expected to have an eight and a half year mine life and annual production of 120,000 ounces for the first four years of production.
The New Liberty Gold Project is located within the Bea Mountain mining licence, which covers 457 km2 and has a 25 year, renewable, mineral development agreement. The Bea Mountain mining license also hosts the proximal gold targets of Ndablama, Gondoja and Weaju, which are the focus of exploration programs during 2012. The contiguous Archaen Gold exploration licence, which covers 89km2, is also a focus of exploration for 2012, with Leopard Rock being the main target.
The Company also has gold exploration permits in Cameroon.
The Company's Qualified Person responsible for preparing this release is David Reading, who holds a MSc in Economic Geology from University of Waterloo, Canada and is a Fellow of the Institute of Materials, Minerals and Mining. David Reading is the President and CEO of Aureus Mining Inc. and consents to the inclusion in the announcement of the matters based on their information in the form and context in which it appears and confirms that this information is accurate and not false or misleading.
SOURCE: Aureus Mining Inc.
For further information:
Aureus Mining Inc.
David Reading / Jeremy Cave
Tel: +44 (0) 20 7010 7690
RBC Capital Markets (Nominated Advisor and Joint Broker)
Martin Eales / Richard Hughes
Tel: +44 (0) 20 7653 4000
GMP Securities Europe LLP (Joint Broker)
Richard Greenfield / Alexandra Carse
Tel: +44 (0) 20 7647 2800
Bobby Morse / Gordon Poole / Louise Mason
Tel: +44 (0) 20 7466 5000