Aurora To Drill Nickel Lake Discovery, Foy Property, Ontario.

Business Editors

VANCOUVER, B.C.--(BUSINESS WIRE)--Sept. 13, 2001

Aurora Platinum Corp. (CDNX:ARP.) has initiated a second phase drilling program designed to test its Nickel Lake, copper-nickel-platinum-palladium discovery on the Foy Property Sudbury, Ontario.

The Company recently announced the discovery of copper-nickel-PGM mineralization, 400 metres below Nickel Lake, within the Foy Offset Dyke and adjacent to Inco Limited's Nickel Lake deposit (See new

Borehole geophysics completed on the discovery hole identified a strong conductor to the north of the sulphide zone intersected in the drilling. The Nickel Lake mineralization is open both up-dip and down-dip from the drill intersection and airborne electromagnetic survey results over this part of the Foy Offset Dyke suggests that this mineralization extends along strike for approximately 400 metres and is connected at depth to Inco's Nickel Lake deposit. Drilling to define the extent of the Nickel Lake discovery mineralization will begin next week.

Drilling is also planned for the Footwall Project on targets parallel to and below the Falconbridge and Falconbridge East Mines. Three 1,500 metre deep holes completed earlier this year were put down in the Footwall of the Falconbridge and Falconbridge East Mines covering a strike length of 1.2 kilometres. Downhole electromagnetic surveys detected strong offhole conductors in all three holes starting at a depth of approximately 1,000 metres. These anomalies all persist with depth and there was no closure to the conductors. Drill testing of these conductors will be initiated this month.

Both the Foy and Footwall projects are part of an Option Joint Venture Agreement with Falconbridge Limited. Under the terms of the Agreement, Aurora has the option to earn a 60% interest in both the Footwall and Foy Offset Projects from Falconbridge by expending $6 million on exploration over three years. A commitment by Aurora to spend a minimum of $1 million during the first year of the Agreement has been met. Once Aurora earns a 60% interest, the joint venture partners will contribute on a pro rata basis. Falconbridge will have the option to increase its working interest in any specific project to 70% by funding a bankable feasibility study and providing 100% of the funds to put a deposit into production. Falconbridge will then be entitled to recover mine construction costs from 90% of net cash flow from that mine.

Within the three-year option period, Falconbridge will have the right to purchase by way of private placement, up to 500,000 shares of Aurora at a price equal to the closing price for the 10 trading days prior to Falconbridge's notice to purchase the shares.

Aurora Platinum Corp. is a well-financed company 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 and a joint venture with Inco Limited covering a large area in northern Ontario. Aurora is also aggressively exploring its 100%-owned Lansdowne Property in northwestern Ontario.

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