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San Andres Reserves and Resources


Mineral Reserve and Resource Estimates as at December 31, 2010.

Reserve Category

Tonnes (000)

Au (g/t)

Contained Ounces (000)

Proven

24,278

0.57

443

Probable

7,942

0.57

146

Total Proven and 
Probable Reserves

32,221

0.57

588

Note:    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

80,979

0.54

1,375

Indicated 

39,066

0.56

666

Total Measured and Indicated Resources

120,045

0.53

2,041

Inferred Resources

35,117

0.63

707

Note:       Mineral Resources are inclusive of Mineral Reserves

               Mineral Resources at cut-off of 0.31 g/t Au

 Numbers may not add due to rounding


For more information on Mineral Reserves and Resources, please consult the technical report dated March 30, 2010, 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 Rogerio Moreno, AusIMM, of MCB Serviços e Mineração Ltda., a copy of which may be found on SEDAR at www.sedar.com.