Aura terminates option on Pine Creek

Aura Silver Resources Inc. has terminated its option to earn an interest in the Pine Creek Area Properties from Sterling Mining Company. Aura Silver will not conduct further exploration at Pine Creek and will not incur any additional payments or share issuances under the option agreement. Work conducted by the Company at Pine creek determined that the vein systems were predominantly base metal (lead and zinc) bearing and contained only moderate silver values.

Mr. Paul Pitman, President of Aura Silver, said, while we have enjoyed an excellent working relationship with Sterling Mining, we felt the extensive drilling required at depth to confirm mineral potential is not in our best interest at this time. Reducing our commitment in Idaho allows us to focus further resources on our core silver properties in the Taviche mining district in the State of Oaxaca, Mexico where we believe we will best be able to enhance shareholder value.

The Company recently completed a 4,000 metre drill program to test silver and gold rich veins on its West Taviche property and is currently planning a follow-up program. Assays will be released when available.

The Taviche, Mexico property comprises two concessions totaling 13,724 hectares that are held by Intrepid Mines Limited under option from Plata Panamericana S.A. de C.V., a wholly owned subsidiary of Pan American Silver Corporation. Aura Silver and Intrepid have formed an agreement whereby they can jointly earn a 70% interest in the concessions.