AXU Alexco Resource Corp

Aurora Energy Resources Inc. ("the Company") (TSX:AXU) confirmed today that the
Nunatsiavut Government voted eight to seven in favour of implementing a
three-year moratorium on uranium mining on Labrador Inuit Lands, but will
continue to allow uranium exploration.


Aurora understands that the basis for the mining moratorium is to allow time for
the Nunatsiavut Government and the Government of Newfoundland and Labrador,
through the Regional Planning Authority, to formulate a Land Use Plan as
required by the Labrador Inuit Land Claims Agreement.


"The Nunatsiavut Government has indicated that it is supportive of natural
resource development and open to evaluating ongoing project information, but
needs additional time to prepare for significant developments like the Michelin
Project," said Dr. Mark O'Dea, President and CEO, Aurora Energy Resources Inc.
"Currently there is no uranium mining on Labrador Inuit Lands and there are no
plans for uranium mining operations for the next three years."


Nunatsiavut Government Lands and Resources Minister William Barbour said
following the Assembly decision today, "We are prepared to work with any company
wanting to conduct exploration within our territory. During the course of the
next three years we will build our human resources capacity to effectively
govern our land and resources and effectively participate in environmental
protection and management together with industry and other governments."


Aurora plans to conduct an in-fill drill program at the Michelin and Jacques
Lake deposits and continue with a pre-feasibility study on the Michelin Project.


"We are committed to continue working closely with the Nunatsiavut Government,
Inuit Community Government members and beneficiaries on such things as tailings
management and environmentally safe mine closure plans. We strongly believe that
we can demonstrate to the Nunatsiavut Government that uranium mining can be
safely carried out, with the utmost care for the integrity of the environment,"
concluded Dr. O'Dea.


The Nunatsiavut Government is a newly formed regional government established in
2005.


LIQUIDITY

Aurora has no debt and approximately $120 million in cash that is fully liquid
and held with a large commercial bank.


ABOUT AURORA

Aurora is a uranium exploration and development company focused on the Central
Mineral Belt in coastal Labrador - one of the world's most promising uranium
districts.


Aurora is committed to responsible development with lasting local benefits and
the highest standards of safety, health, and environmental protection.


Except for the statements of historical fact contained herein, certain
information presented constitutes "forward-looking statements". Such
forward-looking statements, including but not limited to, those with respect to
the timing and amount of estimated future resources and resource conversion
rates, future project costs and production, potential for expansion of resources
and potential size of future exploration programs and potential timing of
receipt of permits and classification of future mineral resources, and potential
for future benefits, involve known and unknown risks, uncertainties and other
factors which may cause the actual results, performance or achievement of Aurora
to be materially different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Such factors include,
among others, risks related to the actual results of current exploration
activities, conclusions of economic evaluations, uncertainty in the estimation
of mineral resources, changes in project parameters as plans continue to be
refined, future prices of uranium, environmental risks and hazards, increased
infrastructure and/or operating costs, labor and employment matters, and
government regulation as well as those factors discussed in the section entitled
"Risk Factors" in Aurora's Annual Information Form available on SEDAR at
www.sedar.com. Although Aurora has attempted to identify important factors that
could cause actual results to differ materially, there may be other factors that
cause results not to be as anticipated, estimated or intended. There can be no
assurance that such statements will prove to be accurate as actual results and
future events could differ materially from those anticipated in such statements.
Aurora disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise. Accordingly, readers should not place undue reliance on
forward-looking statements.

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