Aurelian Reports Half Million Gold Ounce Initial Mineral Resource Estimate At Its Condor Project.

TORONTO -- Aurelian Resources Inc. (TSX VENTURE:ARU) is pleased to announce, effective today, the results of an independent initial inferred mineral resource estimate for its Bonza-Las Penas deposit. The Bonza-Las Penas deposit is one of several mineralized zones that lie centrally within Aurelian's 100 % owned concession package of approximately 95,000 hectares in southeastern Ecuador adjacent to Peru. Please refer to maps and figures related to this press release at www.aurelian.ca .

The inferred resource estimate is based on the results of 45 cored diamond drill holes totaling 9,760 m and 15 trenches totaling 580 m with approximately 50 m by 50 m spacing in the northern section of the resource and approximately 100 m by 100 m spacing in the southern portion of the resource. The current resource is determined within a strike length of 800 metres and lies within an elongated  gold-in-soils anomaly of greater than 2 km length. The resource thus far identified in the Bonza-Las Penas deposit is 15,030,000 tonnes grading 1.07 g/t gold and 11.6 g/t silver, using a 0.75 g/t gold equivalent cut-off grade (using a gold price of US$400/oz, a silver price of US$7/oz, a gold/silver ratio of 75:1, gold recovery of 90%, and silver recovery of 70%).

---------------------------------------------------------------------
             Confidence
AU Equiv.    Category     TONNES       AU     AG     CONTAINED OUNCES
CUT-OFF                                             -----------------
g/t                                    g/t    g/t     Au        Ag
---------------------------------------------------------------------
0.75         Inferred    15,030,000   1.07   11.6  517,100  5,605,500
---------------------------------------------------------------------

Patrick Anderson says "This initial half million ounce estimate on the northern one-third of the large Bonza-Las Penas gold in soils anomaly gives us a solid base upon which to build our mineral inventory in the Condor Mineral Belt. In addition to expanding the scope of our work on the Bonza-Las Penas deposit and it's large overlying gold in soils anomaly, in the coming six months we will aggressively pursue geological evaluations on seven of our other known gold prospects as well as follow up on promising new prospects uncovered by our regional exploration teams."

The mineralized zone's width varies from 25 m to 80 m and the resource blocks above cutoff are typically less than 250 m from surface. Exploration in 2005 will target the strike extensions of this soil anomaly and other unexplored segments of the Las Penas Fault on which it is located. Other similar Aurelian prospects in the Condor Mineral Belt are located at Ubewdy, Aguas Mesas Norte, and Aguas Mesas Sur and occur on the same or parallel structures as determined through geophysical surveys.

The Bonza-Las Penas deposit is an epithermal gold-silver system which occurs in a thick (50 m to 100 m), north-striking, brittle fault zone that dips moderately west. This fault, known as the Las Penas Fault, is a regional scale structure that has a strike length in excess of 70 km. Deformation in the Bonza-Las Penas segment is characterized by anastomosing gouge zones and multiple generations of quartz veins at the contact between andesitic volcanic rocks and conglomerate. These veins locally contain significant concentrations of rhodochrosite and are associated with minor concentrations of pyrite, sphalerite, and galena mineralization both within the veins and in the adjacent host rocks.

The estimate was prepared by Micon International Limited of Toronto, Canada, an internationally recognized mineral industry consulting firm specializing in mineral resource and mineral reserve estimate and review.

B. Terrence Hennessy, P. Geo. is acting as Qualified Person in compliance with National Instrument 43-101 with respect to this release. He has reviewed the contents for accuracy.

The mineral resources in this press release were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council August 20, 2000. Mineral resources which are not mineral reserves do not necessarily have demonstrated economic viability.

Samples were analyzed for gold by fire assay (using a 50 g charge) with instrumental ICP-MS finish. Over limit samples ( greater than10 ppm gold) were repeated using a fire assay with gravimetric finish. Samples were analysed for silver by aqua regia digestion and atomic absorption (AAS) finish (ME-ICP41 or AA45 both using a 0.5 g charge). Over limit samples ( greater than100 ppm silver) were repeated using the AA46 procedure with a 1 g charge. Analyses were performed at ALS Chemex Laboratories Ltd. in Vancouver, British Columbia.

Forward Looking Statements

This Press Release contains certain forward looking statements, except for historical information. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company's actual results, levels of activity, performance, and/or achievements to be materially different from any future results, levels of activity, performance, or achievements expressed or implied by these forward looking statements.

About Aurelian

Aurelian Resources Inc. is a publicly listed (ARU:TSX-V) junior resource company engaged in the business of exploring for, with the ultimate goal of developing and producing, precious and/or base metals from its properties located in southeastern Ecuador. The Company's current focus is in the large Condor Gold Project which consists of 38 mining concessions totaling approximately 95,000 hectares.

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Aurelian Resources Inc. (TSX VENTURE:ARU)