VANCOUVER, BRITISH COLUMBIA (TSX: AXU) is pleased to announce the appointment of Paul McNeill as Vice President, Exploration. McNeill is considered one of the industry's top geoscientists specializing in uranium exploration in Labrador's Central Mineral Belt region.

The Burin, Newfoundland-raised McNeill has more than a dozen years of experience evaluating structurally complex rocks similar to those that host Aurora's Michelin and Jacques Lake deposits. McNeill was previously Exploration Manager for Mega Uranium Ltd., overseeing eighteen projects in the Central Mineral Belt of Labrador.

"Paul's unique technical strengths are complemented by a personal connection to the region," says Aurora President and CEO Dr. Mark O'Dea.

"Paul's family is from Makkovik and he spent many summers in the area. We were impressed by his past focus on community consultation in Labrador and his role in the development of local environmental, health and safety standards. His scientific background and his relationship-building skills are a perfect combination for Aurora as the Company builds community support while advancing the Michelin Project."

McNeill will lead Aurora's 10,000-metre infill drill campaign at Jacques Lake and Michelin. The program, which runs until August, aims to enhance the value of the Michelin and Jacques Lake deposits by converting pounds from the inferred to indicated mineral resource category. He will also oversee a 4,500 metre geotechnical, environmental and metallurgical drill program, which will provide Aurora with valuable data in moving the Project towards development. As well, he will provide insight and leadership on new exploration opportunities.

McNeill will be based at Aurora's company headquarters in St. John's.

McNeill replaces Ian Cunningham-Dunlop, who held VP-Exploration positions with both Aurora and Fronteer Development Group. Cunningham-Dunlop was one of the key architects in building Aurora's land-package into a world-class uranium district. Cunningham-Dunlop will now focus his energies and talents on advancing Fronteer's numerous Nevada gold projects, as well as evaluating new gold projects.

Cunningham-Dunlop will provide ongoing support to McNeill during the transition period.

"During his dual role tenure, Ian led the development of what is one of the largest undeveloped uranium deposits in the world for Aurora, at the same time as advancing a new copper-gold mineral belt in northwestern Turkey for Fronteer. I thank Ian for his extraordinary effort and achievement," says Dr. O'Dea.

McNeill has Bachelors of Science from both Memorial University and the University of New Brunswick, and is currently completing his PhD in structural geology at the University of New Brunswick.

LIQUIDITY

Aurora has no debt and approximately $117 million in cash that is fully liquid and held with a large commercial bank.

ABOUT AURORA

Aurora is a uranium development company focused on the Central Mineral Belt in Coastal Labrador - one of the world's most promising uranium districts. Aurora recently completed a 12,132 metre winter infill drilling program at the Michelin and Jacques Lake deposits - see April 22, 2008 News Release, "Aurora's Winter Drill Program Enhances Continuity of Michelin Deposit" and May 5, 2008 News Release, "Infill Drill Results Strengthen Jacques Lake Resource, Uranium Pipeline."

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 operations, 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 most recent 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.

Contacts: Aurora Energy Resources Inc. Andrea Marshall Manager, Government and Media Relations (709) 726-2223 Aurora Energy Resources Inc. Dr. Mark O'Dea President and CEO (709) 726-2223 Website: www.aurora-energy.ca

Alexco Resource (TSX:AXU)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Alexco Resource Charts.
Alexco Resource (TSX:AXU)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Alexco Resource Charts.