Mineral Resource Category	Tonnes (000)	Grade (g/t Au)	Gold Ounces (000)
Measured	-	-	-
Indicated	10,923	0.95	334
Total Indicated Mineral Resources	10,923	0.95	334
Inferred Resources	83	0.47	1

Note: The mineral resource estimate is based on a cut-off grade of 0.23 g/t Au. Mineral resources are inclusive of mineral reserves.

Mineral Reserve Category	Tonnes (000)	Grade (g/t Au)	Gold Ounces (000)
Proven	-	-	-
Probable	10,890	0.91	318
Total Probable Mineral Reserves	10,890	0.91	318

Note: The mineral reserve estimate is based on a cut-off grade of 0.25 g/t Au.

The resource and reserve estimation has been prepared for Aura Minerals, under the direction of Ivan C. Machado, M.Sc., P.E., P.Eng., Principal of TechnoMine Services, LLC, an independent Qualified Person for the purpose of National Instrument 43-101. A report under National Instrument 43-101, disclosing the updated resource and reserve estimates for the Sao Francisco Mine, is being prepared by MCB Serviços e Mineração Ltda., under the direction of Mr. Machado and will be filed by Aura Minerals on SEDAR within 45 days of the November 10, 2011 news release.