Aurora Platinum: More Copper-Nickel-PGM's at Sudbury, Gold in the AEM Project; Aurora Commences Fall Drilling Programs; Ontario and Quebec Projects.

Business Editors

VANCOUVER, British Columbia--(BUSINESS WIRE)--Sept. 12, 2002

Aurora Platinum Corp. (TSX Venture:ARP) announced today that the Company's fall drilling programs have commenced on its Ontario and Quebec projects. More than 30,000 metres of diamond drilling has been approved for these projects and six drills will be operational within the next 45 days. Two additional drills will be mobilized in November, and drilling is expected to continue throughout the winter months. The Company has successfully raised more than $8 million in working capital which will be used to advance priority projects.

Sudbury Area Projects

The Company's Sudbury area projects include: the Foy and Footwall projects in option/joint venture with Falconbridge Limited, the Nickel Lake option/joint venture with Inco Limited, and the North Range Nickel Eruptive project, owned 100% by Aurora.

On the Footwall Project, exploration by the Joint Venture identified a number of geophysical targets and mineralization on the property, that will be addressed with the current program (see news release dated July 11, 2002). Drilling has commenced on the G-13 Target west of the Falconbridge Mine and is expected to commence shortly on targets east of the Falconbridge East Mine. A complete review of the Falconbridge and Falconbridge East mine mineralization is expected to be completed by month end and will be used to target additional drilling.

On the Foy Project (Falconbridge option/joint venture) a drilling program to define the Wisner Zone mineralization discovered by Aurora is being planned and work has commenced on the Crazy Creek copper-PGM zone (see news release, July 10, 2002). Drilling will continue on the Nickel Lake discovery (Inco option/joint venture) and under Nickel Lake itself (Falconbridge option/joint venture).

Hole Ni-03-02, drilled under Nickel Lake and onto the Inco option/joint venture property (previously reported in news release dated May 15, 2002), cut a wide zone of typical Offset-type massive to semi-massive sulphides from 498.90 metres to 545.13 metres (46.23 metres/138.69 feet) that assayed 0.61% copper, 0.76% nickel, 0.04% cobalt and 0.22 grams/t total PGM. Included in this mineralized zone is a 16.62 metre (49.9 feet) section assaying 1.06% copper, 1.64% nickel, 0.08% cobalt and 0.43 grams/t total PGM. This hole was extended and intersected a second mineralized zone from 581.22 metres to 596.61 metres (15.39 metres/46.11 feet) that assayed 0.76% copper, 0.83 nickel, 0.02% cobalt and 1.15 grams/t PGM. A 4.05 metre (12.15 feet) section within this zone assayed 1.28% copper, 1.44% nickel, 0.03% cobalt and 2.10 grams/t PGM. A vertical hole put down approximately 75 metres (225 feet) to the northeast of Ni-03-02 has just been completed and massive to semi-massive sulphides were intersected between 434.80 metres and 447.10 metres (12.30 metres/ 36.90 feet). Copper-rich stringer mineralization was also intersected deeper in the hole. Assays are pending. The above mineralization appears to be associated with an inclusion-filled constriction within the Foy Offset, located immediately east of Nickel Lake and just west of Inco's WD150 deposit. The current drill program is targeted to extend this mineralization both to the east and west and down dip.

A number of new drill targets on the Foy Offset west of Nickel Lake and within the Inco option/joint venture will also be drilled during the current program. Limited drilling in this area by Inco Limited in the past intersected a number of wide zones of anomalous metal values that warrant follow-up. Inco hole 5642-0 cut a 21.55 metre (64.65 feet) zone between 90.07 metres and 111.62 metres that assayed 0.75% copper and 0.53% nickel. Hole 5645-0 cut 8.87 metres (26.61 feet) of 0.76% copper and 1.10% nickel and Hole 95461-0 cut a 26.76 metre (80.28 feet) section that assayed 0.69% copper and 0.89% nickel.

A number of good airborne geophysical targets established on Aurora's 100% ground south of the Foy Offset will also be drilled in the current program.

On other Ontario Projects

Aurora has been actively exploring the AEM project (Inco option/joint venture) and has acquired a number of new properties as a consequence of this work. Additional field work was completed on the Company's 100% owned Lansdowne PGM property in preparation for a second phase drilling program this fall. The 14,368 hectare property hosts PGM reef-type mineralization in a 14 kilometre long layered ultramafic-mafic complex. Geophysics has delineated the PGM target zone for over six kilometres of strike length and this will be the principal drill target in the planned program. Associated nickel-copper-PGM mineralization will also be investigated. The Lansdowne Complex is part of a series of layered complexes lying along a westerly trending shear structure. Two additional layered bodies have been discovered and ground in the area has been acquired. Copper-nickel mineralization has been found associated with both of these bodies.

During the above exploration, significant gold mineralization was discovered associated with a prominent regional shear structure that has been traced for at least 150 kilometres. Typical Archean vein-type gold mineralization was discovered at a number of locations along the shear, including on the Lansdowne property. Rock chip/grab samples from poorly exposed outcrop of the main shear zone, where it is traced through the southern part of the Lansdowne Property, returned values from 0.11 to 9 grams/t gold in banded vein mineralization. A second parallel mineralized shear zone 300 metres to the north returned a number of anomalous gold values, with the best assayed value from a rock chip sample being 23.78 grams/t gold.

Further to the west along the main shear zone and outside of the Lansdowne property, rock chip/grab samples from mineralized quartz veins returned values of 0.34, 1.62 and 154.15 grams/t gold. A duplicate sample of the high grade gold sample (154.15 grams/t - 4.5 oz/t) assayed 107.55 grams/t gold (3.14 oz/t). These veins also assayed between 3.72 and 4.88% zinc. This prospect has also been acquired by the Company.

Quebec Projects

Drilling has been initiated on the Midrim, Belleterre, Angliers and Geoffroy properties. One drill is presently dedicated to defining mineralization at Midrim and Alotta, while a second drill will focus on the Geoffroy target. A third drill will be mobilized to test 15 coincident airborne geophysical/geochemical targets (on all properties). A reinterpretation of the Midrim/Belleterre drilling results has suggested that the high-grade nickel-copper-PGM mineralization is hosted by younger intrusive gabbroic rocks. A number of previously drilled holes were deepened to test this hypothesis with positive results. This first deep hole at Midrim (more than 200 metres) was put down under the No 6 Zone and cut a weak zone of disseminated nickel-copper sulphides from 411.00 metres to 426 metres (15 metres/45 feet). At 490.02 metres, massive sulphides were intersected for 0.51 metres (1.5 feet) before being cut-off by a porphyry dyke. Additional drilling will now target depth extensions for all of the Midrim and Belleterre mineralization.

A deep electromagnetic conductor was discovered north of the Lac Croche Zone and has been identified as the Geoffroy Zone. A gravity survey conducted over the Zone confirmed a significant anomaly for approximately 4.5 kilometres of strike length and up to 1 kilometre in width. The area is also defined by a strong airborne magnetic anomaly and a number of airborne electromagnetic anomalies. The target is entirely overburden covered and four widely spaced drill holes put down in the anomaly intersected layered gabbroic to anorthositic gabbroic rocks. Two of the holes intersected zones of weak copper mineralization associated with layered rocks and with breccias within the gabbroic rocks. Differentiated anorthositic gabbroic units contain up to 30% magnetite. This intrusive complex is located along a prominent north trending fault structure and is believed to be related to the Midrim-Belleterre nickel-copper-PGM mineralization. Borehole geophysics will be completed on each of the drilled holes over the next two to three weeks and drilling will resume once the geophysics has been completed.

Aurora Platinum Corp. is actively exploring for nickel-copper-platinum-palladium deposits in Ontario and Quebec. The Company has a joint venture with Falconbridge Limited in the Sudbury District (Foy and Footwall properties) and joint ventures with Inco Limited (AEM Project) covering a large area in northern Ontario and the Nickel Lake Property, in Sudbury, Ontario. Aurora is also exploring its 100%-owned properties in northwestern Ontario, and the Midrim/Belleterre/Angliers project in Quebec.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release