Aurania Resources Ltd. reported that drilling has intersected sediment-hosted copper mineralization at Tsenken N1 in the Company's Lost Cities - Cutucu Project in southeastern Ecuador. As a result, drilling will continue at the Tsenken N1 target and the second rig is being moved to the Tiria-Shimpia target area. The three drill holes completed at Tsenken N1 show that sediment-hosted copper increases in intensity towards the east.

The number of mineralized layers also increases to the east with three layers having been intersected in the easternmost hole. A total of 1,564 metres ("m") have been drilled at Tsenken N1 to date. Assay results from the easternmost hole, TSN1-003, are awaited.

Rather than drilling the next hole further east, hole 4 is being drilled approximately 700 metres ("m") northwest of hole 3. This decision is based on the concept, described below, that copper at Tsenken is linked with zinc at Tiria-Shimpia. Hole 4 is inclined beneath an outcrop of high-grade copper-silver that returned 263 grams per tonne silver and 39% copper, the position of which suggests that it is the extension of the mineralized sedimentary layers intersected in hole 3. Hole 4 is planned to a depth of 200m. Sediment-hosted copper-silver in the Tsenken N1 area lies within the same fault system as the sediment- hosted zinc-silver mineralization at Tiria-Shimpia.

The exploration concept is that the copper at Tsenken is part of the same mineralized system seen at Tiria-Shimpia - the system gradually changes from copper-dominant to zinc-dominant, as it does in parts of the Kupferschiefer. The completed drill holes at Tsenken N1 lie on the margin of the copper zone should be within the copper zone. The drilling that is planned to start before end of June at Tiria-Shimpia is designed to intersect the zinc and silver-mineralized layers seen in outcrop and will also provide information which will help to refine this exploration concept and lead to the definition of additional precise drill targets.