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Aranzazu Resources

Aranzazu Mineral Resource as of September 30, 2011*

Category

Cut-off Grade Copper (%)

Tonnes

(‘000)

Copper

(%)

Copper

(‘000 lbs)

Gold

(g/t)

Gold

(‘000 oz.)

Silver

(g/t)

Silver

(‘000 oz)

Measured

0.8

8,338

1.36

250,215

0.82

219

14.06

3,768

Indicated

0.8

9,432

1.63

338,523

0.56

171

21.45

6,504

Measured and Indicated

0.8

17,770

1.50

588,738

0.68

390

17.98

10,272

Inferred

0.8

5,808

1.40

178,902

0.58

159

17.64

3,295

* Based on 0.8% copper cut-off grade.

For more information on the mineral resource estimate, please consult the technical report dated November 30, 2011, and entitled "NI 43-101 Technical Report and Resource Estimate on the Aranzazu Property, Zacatecas State, Mexico" prepared for Aura Minerals by William J. Lewis, B.Sc., P.Geo. of Micon International Limited, a copy of which may be found on SEDAR at www.sedar.com.