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Aurelian completed restatement of 2007 annual and quarterly results

Published: Aug 16,2008 09:31:36

 

Aurelian completed restatement of 2007 annual and quarterly results
Aurelian Resources Inc.(Toronto:ARU.TO - News) announced today Aurelian has completed the re-filing of amended and restated annual audited and quarterly unaudited financial statements, including CEO and CFO Certifications and Management's Discussion and Analysis for the year ended December 31, 2007 and quarters ended March 31, June 30 and September 30, 2007. The adjustments result from a Continuous Disclosure Review by the Ontario Securities Commission (OSC).

Adjustments include both those that were identified by the OSC and changes in the way stock-based compensation and Ecuador administrative costs were accounted for. The changes with respect to stock-based compensation and Ecuador administrative costs were already applied to the year ended December 31, 2007 financial statements. None of the adjustments affect the Company's working capital and will have no effect on the Company's continuing operations.

The restated documents will be available at www.sedar.com.

About Aurelian

Aurelian Resources Inc. is a publicly-listed (Toronto:ARU.TO - News) company engaged in exploring, discovering and developing mineral wealth in Ecuador. The Fruta del Norte (FDN) discovery lies at the heart of the Condor Project, located in south-eastern Ecuador. The initial Inferred Resource for FDN was released in October 2007 and included 58.9 million tonnes grading 7.23 g/t gold and 11.8 g/t silver for 13.7 million ounces of contained gold and 22.4 million ounces of contained silver (Report titled "A Mineral Resource Estimate for the Fruta del Norte Deposit, Cordillera del Condor Project, Zamora-Chinchipe Province, Ecuador" and dated November 15, 2007 filed on www.sedar.com). Visit www.aurelian.ca for more information.

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