Footwall Property Update: Aurora/Falconbridge Joint Venture, Sudbury.

Business Editors

Aurora Platinum Corp.(TSX VENTURE:ARP) announced today that the next phase of exploration will be initiated on the Footwall Property, Sudbury, Ontario. Falconbridge is the operator.

The 1,600 hectare Footwall Property is part of an Option/Joint Venture Agreement with Falconbridge Limited and is located along the South Range of the Sudbury Igneous Complex (SIC), between the Garson and Norduna Ni-Cu-PGM mines. The Property covers approximately 8 kilometres of SIC contact and footwall rocks immediately adjacent to and south of the Falconbridge and Falconbridge East mines in the west and central part of the Property and the Inco held Cryderman Main, Central and East mineralization in the eastern part of the Property. The contact of the SIC dips to the south in this area, and each of the above deposits/prospects have been projected down-dip into Joint Venture ground. Both the contact and footwall environments are primary host rocks to Ni-Cu-PGM deposits in the Sudbury Camp.

Under the terms of the Agreement, Aurora has the option to earn a 60% interest in the Footwall Property (and other property), from Falconbridge by expending $6 million on exploration over 3 years (see News Release dated September 13, 2001).

The contact of the SIC (host to typical contact-type Ni-Cu-PGM ore), between the Falconbridge mine and Inco's Garson mine (3 kilometres to the west) has been inadequately explored. A number of mineralized structures along this contact have been identified in the past by the Operator and resurveying old shallow holes (UTEM) in this area has confirmed an anomaly believed to reflect this mineralization. This area of the Property will be drill tested in the current program.

In the eastern part of the Property, contact-type mineralization on adjoining ground to the north projects down-dip onto Joint Venture ground and offers good potential for additional mineralization at depth. A 1,500 metre exploration hole put down in this area by the Joint Venture detected a strong UTEM anomaly believed to represent this mineralization and a second off-hole anomaly identified an additional target to the west, down-dip of known mineralization. Past exploration drilling by the Operator below and east of the Falconbridge East Mine in the vicinity of this anomaly on Joint Venture ground, intersected contact-type mineralization over 6.7 feet grading 1.56% Ni and 0.67% Cu. No PGM values were reported.

Both the Falconbridge and Falconbridge East mine mineralization remains open at depth and is within Joint Venture ground. Deep drilling in the footwall of these two mineralized zones by the Joint Venture detected a moderate to strong UTEM anomaly along the 3,900 feet of contact tested. The anomaly images known mineralization and supports the continuation of the contact mineralization at depth. Previous drilling by the Operator below the East Mine workings confirmed the continuation of the mineralization for an additional 800 feet and the deposit remains open. Past drilling by Falconbridge in this area suggests that the mineralization may be strengthening in both grade and thickness:

Hole No.         Core Interval     % Ni     % Cu         PGM's
                     (feet)
--------------------------------------------------------------------
F-78                  43.3         2.37     0.78      not reported
F-133                 12.5         1.68     1.16      not reported
F-135                 22.5         1.94     1.08      not reported
F-136                 26.0         1.45     1.11      not reported
F-137                  8.6         1.20     0.23      not reported
F-138                 46.9         1.91     1.41      not reported

This mineralization will also be targeted in the current drill program.

A number of high-grade copper intersections within shears in the footwall rocks have been identified from past underground exploration. The presence of shear hosted veins and stringers are encouraging and may represent remobilized footwall or contact mineralization. This environment will also be tested in the current program.

A budget of $1.5 million has been allocated to explore the above targets. With a sound geological and geophysical base in hand, exploration efforts will now focus on defining and expanding the economic potential of the mineralization identified in the targets above.

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 a joint venture with Inco Limited (AEM Project) covering a large area in northern Ontario and in the Sudbury District (Nickel Lake Project). Aurora is also exploring a number of the 100%-owned properties in northwestern Ontario, and the Midrim/Belleterre/Angliers projects in Quebec.

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