AXU Alexco Resource Corp

Aurora Energy Resources Inc. ("the Company" or "Aurora") (TSX: AXU) is pleased to announce that it has received the final results from its 2008 summer infill drill program, as well as results from two drill holes designed to obtain geotechnical information from the Company's Michelin deposit ("Michelin") in coastal Labrador.

"The final results from the infill campaign further confirm the continuity of the Michelin deposit throughout the high-grade, underground-minable portion of the deposit," said Mr. Bruce Dumville, President and CEO of Aurora. "These results are vital for converting resources from the inferred to the indicated and measured 43-101 category and will be used to advance the Michelin Project to the pre-feasibility stage."

New highlights include:

- 0.17% U3O8 over 34.98 metres in hole M08-106A

- 0.13% U3O8 over 39.08 metres in hole M1

- 0.15% U3O8 over 26.33 metres in hole M08-121

- 0.14% U3O8 over 21.70 metres in hole M08-122A

- 0.13% U3O8 over 31.00 metres in hole M08-119

A total of 7,028.5 metres in seventeen holes has been completed as part of the 2008 Michelin Summer Infill Drill Program initiated in mid-May. The five remaining drill results are listed in the table below. In addition, two holes (M1 and M6) were assayed as part of the 2008 Geotechnical Drill Program, designed to test geotechnical rock properties for use in mine design. Hole M1 supplemented the infill drill campaign and hole M6 added to the confirmation of historical Brinex(i) drill hole assay data. Both of these drill results are included in the table below. (Other 2008 Michelin Summer Infill Drill Program results can be found in the August 5, 2008 news release, "Aurora's Michelin Infill Drill Program Progresses Resource Conversion").

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Hole ID          From (m)      To (m)     Length (m)      % U3O8
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M08-106A          611.10      646.08          34.98         0.17
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M08-117           819.65      820.65           1.00         0.11
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                  834.00      835.00           1.00         0.13
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                  840.00      841.00           1.00         0.06
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M08-119           586.50      617.50          31.00         0.13
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 incl             586.50      600.00          13.50         0.19
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M08-121           709.79      736.12          26.33         0.15
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 incl             715.72      721.60           5.88         0.34
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M08-122A          620.00      641.70          21.70         0.14
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 incl             627.00      633.22           6.22         0.34
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M1                361.50      400.58          39.08         0.13
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M6                 16.90       21.90           5.00         0.24
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The orientation of the mineralized zones is interpreted to be
moderately to steeply southeast dipping and true widths are
approximately 80% of stated widths. Holes M08-116, M08-118 and
M08-120 were abandoned.

For an updated long section of the Michelin deposit, please use the following link: http://www.aurora-energy.ca/files/MichelinLS_Oct08.jpg.

Planning for Aurora's 2009 work program for Labrador and Nunavut is currently underway.

ABOUT AURORA

Aurora is a uranium exploration and development company active in the Central Mineral Belt of coastal Labrador - one of the world's most promising uranium districts - and in Nunavut, Canada, where it has acquired an interest in the Baker Lake Basin property through a deal with Pacific Ridge Exploration Ltd.

Aurora has completed its 2008 summer drill program in Labrador, which included an infill drill campaign of 13,233 metres at the Jacques Lake and Michelin deposits. Aurora also completed a 2,908 metre geotechnical, environmental and metallurgical drill program in August. Engineering studies, environmental baseline studies and a tailings management options study are continuing, along with community consultations and the selection of members for the Michelin Project Community Panel (see October 15, 2008 news release, "Aurora to Hold Public Information Meetings in Labrador on the Mining Process and the Michelin Project" and October 20, 2008 news release, "Aurora Introduces Michelin Project Community Panel Members").

The Company also recently began an exploration program at Baker Lake Basin and expects to conduct geological mapping, ground and airborne geophysical surveys, and 1,000 metres of drilling in October 2008.

Aurora has no debt and approximately C$105 million in cash that is fully liquid and held with a large Canadian commercial bank.

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

(i) British Newfoundland Exploration Limited (Brinex) conducted exploration activities at Michelin deposit in the 1960s and 1970s.

Assay results have been prepared under the guidance of Cameron McLean, P.Geo., Exploration Manager, CMB Project for Aurora Energy Resources Inc., who is designated as a Qualified and has verified the authenticity of and validity of this data. Drill core was prepared and analyzed in accordance with industry standards by Activation Laboratories Ltd, Ancaster, Ontario.

Further details of the geology, mineral occurrences and the nature of the mineralization can be obtained by reading the NI 43-101 compliant technical report entitled, The Exploration Activities of Aurora Energy Resources Inc. on the CMB Uranium Property, Labrador, Canada, During the Period January 1, 2007 to December 31, 2007 dated April 7, 2008 and amended August 28, 2008, which is available for viewing on SEDAR at www.sedar.com.

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. Don Falconer VP, Corporate Development (416) 362-5556 Website: www.aurora-energy.ca