AXU Alexco Resource Corp

Aurora Energy Resources Inc. ("Aurora" or the "Company") (TSX:AXU) announced
today that it has issued a Directors' Circular from its Board of Directors in
response to the offer (the "Fronteer Offer") by Fronteer Development Group Inc.
("Fronteer") to acquire all of the common shares of Aurora that it does not
already own on the basis of 0.825 of a Fronteer common share for each Aurora
common share. The Directors' Circular is being mailed to shareholders and will
be available on www.sedar.com.


The Special Committee of the Aurora Board of Directors has retained National
Bank Financial Inc. as its financial advisor to advise it with respect to the
Fronteer Offer and to solicit other offers for Aurora or its assets or other
transactions involving Aurora that would provide greater value to shareholders
than the Fronteer Offer. The Special Committee is currently in discussions with
third parties with respect to possible alternative offers or transactions,
although there can be no assurance that any such alternative offer or
transaction will emerge.


The Board of Directors is making no recommendation with respect to the Fronteer
Offer at this time and advises that Aurora Shareholders wait for further
communication from the Board of Directors prior to deciding whether or not to
tender their Aurora shares to the Fronteer Offer.


There is no immediate urgency for Aurora shareholders to do anything with
respect to the Fronteer Offer. The Fronteer Offer is open for acceptance until
8:00 p.m. (Eastern Standard Time) on March 2, 2009, unless extended or
withdrawn. The Fronteer Offer is subject to certain conditions. The Aurora Board
of Directors will communicate further with shareholders prior to the expiry of
the Fronteer Offer so that Aurora shareholders will have updated information in
deciding whether or not to tender to the Fronteer Offer.


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.


Aurora has no debt and approximately C$98 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.


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 the Fronteer Offer, any
possible alternative transaction, the timing and level of exploration
activities, including drilling activities, the timing of completion of a
pre-feasibility study and anticipated results of the 2008 work program; 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 Fronteer Offer not being completed, the terms of the Fronteer
Offer, the lack of any alternative transaction, the terms of any alternative
transaction, 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, economic and political stability in Canada, environmental risks and
hazards, increased infrastructure and/or operating costs, labour and employment
matters, and government regulation as well as those factors discussed in the
section entitled "Risk Factors" in Aurora's Annual Information Form on file with
the Canadian Securities Commissions. 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, except as required by law. Accordingly,
readers should not place undue reliance on forward-looking statements.

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