Aurora Energy Resources Inc. ("Aurora" or "the Company") (TSX:AXU) is pleased to
announce the results of its fall 2008 exploration program at its Baker Lake
Basin property in Nunavut, Canada.


"Our efforts in the 2008 exploration program were rewarded with encouraging
results," said Mr. Bruce Dumville, Aurora's President and CEO. "We believe we
have collected valuable information that puts us on a promising road to a new
discovery, with indications of continuity of mineralization in existing
mineralized zones."


The 2008 program included an initial 603 metre, two-hole drill program designed
to further test the Lucky 7 zone - an intrusion-related mineralized zone
initially discovered in 2006 by Pacific Ridge Exploration Ltd. where the drill
results included one drill hole containing 17.3 metres of 0.30% U3O8. A complete
listing of drill results for 2006 and 2007 can be viewed at:
http://www.aurora-energy.ca/files/PR_06-07_DrillResults.JPG.




Results of Aurora's 2008 drill program are shown in the table below.

-------------------------------------------------------
Hole ID      From (m)     To (m)      Length      %U3O8
-------------------------------------------------------
L7-08-11      144.00     146.00         2.00       0.13

and           216.00     218.00         2.00       0.08
-------------------------------------------------------
L7-08-12      274.00     278.50         4.50       0.22
-------------------------------------------------------



In addition to the drilling, a 7001 kilometre, 150 metre spaced, airborne
magnetic, radiometric and broadband electromagnetic survey was completed in
October, designed to cover the property and aid in the design of the 2009
exploration program. Similarly, a 435 kilometre ground magnetic survey, with 50
metre spacing, was completed around the known Lucky 7, Niner and 7-1 zones. "The
interpretation of these results indicates that mineralized structures are
continuous over kilometres and there is significant potential to host
unconformity style mineralization," said Mr. Dumville.


Geological mapping about mineralized zones and a comprehensive geochemical
sampling program of the areas about mineralization were also completed in 2008
in an effort to better characterize the alteration system associated with
mineralization, aiding in planning for the 2009 season.


"As part of Aurora's commitment to community consultation, meetings were held
with numerous government and local interest groups in the Baker Lake area to
explain our work plans and to answer questions," added Mr. Dumville.


The Baker Lake Basin is geologically similar in age and character to the
Athabasca Basin and the proximal Thelon Basin, which hosts Areva's
Kiggavik-Sissons project (148 million pounds U3O8 at 0.24% based on Areva's
December 3, 2007 news release, "Kiggavik Uranium Feasibility Study in Nunavut to
Proceed"(i)). Like the Athabasca and the Thelon basins, the Baker Lake Basin has
unconformity associated mineralization and a 60-kilometre length of the southern
boundary of the Baker Lake sedimentary basin, a favorable setting for high-grade
uranium occurrences. The Baker Lake Basin also contains sediment-hosted and
intrusion-associated, near-surface mineralization. A complete listing of drill
results for 2006 and 2007 can be viewed at:
http://www.aurora-energy.ca/files/PR_06-07_DrillResults.JPG.


The Baker Lake Basin property covers 96,000 hectares (370 sq. miles) and boasts
attractive near-surface uranium mineralization. Further information on the Baker
Lake Basin property can be found on Aurora's website.


Potential quantity and grade at the Baker Lake Basin property are conceptual in
nature. There has been insufficient exploration to define a mineral resource and
it is uncertain if further exploration will result in the target being
delineated as a mineral resource.


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 the Baker Lake Basin of Nunavut, Canada.


Aurora has no debt and approximately C$96 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)Areva's Kiggavik resource estimate has not been independently verified by Aurora.

Assay results have been prepared under the guidance of Cam McLean, P.Geo.,
Exploration Manager for Aurora Energy Resources Inc., who is designated as a
Qualified Person with the ability and authority to verify 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.


Except for the statements of historical fact contained herein, certain
information presented constitutes "forward-looking statements". Such
forward-looking statements, include but are not limited to, those with respect
to the timing and amount of estimated future resources and resource conversion
rates, potential for expansion of resources, estimates of potential
mineralization 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, and estimates of
mineralization, uncertainty in the estimation of mineral resources, changes in
project parametres 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 http://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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