Aurora Platinum Corp.: Drill Results-Nickel Lake Joint Venture Sudbury, Ontario.

Business Editors

VANCOUVER, British Columbia--(BUSINESS WIRE)--Feb. 12, 2003

Aurora Platinum Corp. (TSX VENTURE:ARP) is pleased to report the latest drill results from the Nickel Lake Joint Venture property located on the Foy Offset Dike, Sudbury, Ontario. A zone of massive sulphide was intersected in Borehole Ni-15 from surface to 17.87 metres grading 1.69% nickel, 0.43% copper, 0.07% cobalt, 0.23 grams per tonne gold, 0.64 grams per tonne platinum and 0.88 grams per tonne palladium. The intersection included a higher grade zone from 9.65 metres to 15.67 metres (6.02 metres) that gave a weighted average grade of 4.38% nickel, 0.93% copper, 0.16% cobalt, 0.55 grams per tonne platinum and 1.75 grams per tonne palladium.

Borehole Ni-15 was drilled vertically to determine the subsurface geometry of an embayment located along the hanging wall of the Foy Offset and to drill test a coincident airborne (AeroTEM) conductor. The embayment appears to be trough-shaped with the massive sulphides lying along the base. The intersected mineralization appears to coincide with the surface projection of a BHUTEM non-decaying conductor lying at the northwest end of Nickel Lake. Three-dimensional modelling of the off-hole conductor in Borehole Ni-12 suggests a southwest trending (Az 247 degrees), steeply dipping plate having a 390 metre dip extent and a 200 metre strike length. The conductor was detected at a vertical depth of 156 metres but is believed to extend to surface within the immediate area northwest of Nickel Lake and coinciding with the mineralization reported from Borehole Ni-15 above.

The reported intersection and conductor lie within the Inco/Aurora Nickel Lake Option/Joint Venture property (see News Release dated May 15, 2002). The property covers the Foy Offset Dike from Nickel Lake in the east to Foster Lake in the west (1.4 kilometres strike length). This section of the Offset Dike holds a number of nickel-copper-PGM sulphide showings and coincident AeroTEM and MegaTEM airborne electromagnetic anomalies. Recent drilling by Aurora around Nickel Lake intersected a number of massive/disseminated sulphide zones from near surface to a vertical depth of 670 metres. The airborne geophysical anomalies extend in an intermittent fashion along the entire length of the Nickel Lake-Foster Lake corridor. Drill testing the eastern part of the mineralized corridor (east of Nickel Lake) intersected similar massive sulphides to 400 metres depth. The mineralization consists of a 3.5 metre to 18 metre thick body of massive sulphides that extends for more than 55 metres down-plunge along the upper flank of a northwest plunging mega-inclusion and is open to the east and west. Weighted average grades of individual sulphide intersections have been detailed previously (see News Release dated September 12, 2002).

Current work is focusing on drill testing the Ni-15 borehole mineralization, the coincident BHUTEM non-decaying conductor to the west of Nickel Lake and the Foster Lake airborne anomalies. Results from the ongoing drilling program will be released when available.

Quality Control

Aurora has implemented a quality control program to ensure best practice in the sampling and analysis of the drill core. Half of the drill core is sampled for analysis and the remaining half of the core is stored in a secure location. The drill core is transported in security-sealed bags for preparation at ALS Chemex in Mississauga, Ontario. Samples are dried, crushed and approximately 250 grams are pulverized to pass 75 microns. Pulps are then shipped to Chemex's laboratory in Vancouver, B.C. for analyses. This ISO 9001:2000 registered laboratory is preparing for ISO 17025 certification.

Silver, copper, lead, zinc, nickel and cobalt are digested in a partial extraction and analyzed by atomic absorption. For values greater than 10,000 ppm, a total digestion with atomic absorption finish is undertaken. Gold, platinum and palladium are analyzed by fire assay with an ICP finish. Gravimetric analysis is done for values greater than 1000 ppb.

Field duplicates are taken every one in 40 samples and pulp duplicates are check assayed every one in 20 samples at a second certified lab.

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