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San Andres Mineral Reserves and Resources

Mineral Reserve and Resource Estimates as at December 31, 2011*

Reserve Category

Tonnes (000)

Au (g/t)

Contained Ounces (000)

Proven

33,536

0.54

581

Probable

12,227

0.52

203

Total Proven and 
Probable Reserves

45,762

0.53

784

* Mineral Reserves at cut-off of 0.34 g/t Au for oxides and 0.45 g/t Au for mixed ore.

Numbers may not add due to rounding.



Resource Category

Tonnes (000)

Au (g/t)

Contained Ounces (000)

Measured

67,877

0.50

1,082

Indicated 

31,062

0.55

549

Total Measured and Indicated Resources

98,839

0.51

1,631

Inferred Resources

1,918

0.51

32

* Mineral Resources are inclusive of Mineral Reserves.

A cut-off grade of 0.28 g/t Au for oxide material and a cut off grade of 0.37 g/t Au for mixed material. 

Numbers may not add due to rounding.


For additional information on Mineral Reserves and Resources, please consult the technical report dated March 28, 2012, and entitled "Resources and Reserves on the San Andres Mine in the Municipality of La Union, Department of Copan, Honduras" prepared for Aura Minerals by J. Britt Reid, P.Eng. the Executive Vice President and Chief Operating Officer of Aura Minerals Inc., a copy of which may be found on the Company's profile on SEDAR at www.sedar.com.