(Source: MARKETWIRE)Aurion Resources Ltd. ("Aurion") (TSX VENTURE: AU) is pleased to report that it has increased the size of its previously announced non-brokered private placement (the "Offering") to 7 million units ("Units") at a price of CDN$0.15 per Unit to raise aggregate gross proceeds of CDN$1,050,000. Each Unit will consist of one common share (a "Common Share") and one share purchase warrant (a "Warrant") of Aurion. Aurion also reports that it has amended the terms of the Warrants. Each whole Warrant will entitle the holder thereof to acquire one additional Common Share for a period of 36 months from the date of issuance at an exercise price of CDN$0.25 per Warrant. The Warrants are subject to an acceleration clause such that in the event the closing price of the common shares of Aurion on the TSX Venture Exchange (the "Exchange") is greater than C$0.40 for 30 consecutive trading days at any time after four months after the date of issuance of the Warrants, Aurion will be entitled to accelerate the Warrants upon 21 business days' prior notice and the Warrants will then expire on the 21st calendar day after the date of the notice unless exercised by the holder prior to such date.

All securities issued under the Offering will be subject to a four month hold period from the date of issue. The proceeds of the Offering will used for advancing Aurion's mineral projects and for general working capital. The Offering is subject to final documentation and approval of the Exchange.

The Corporation is further pleased to announce that, subject to Exchange approval, it has appointed Brad J. Mercer to the board of directors of the Corporation and George Smith to the position of Vice President, Exploration. In connection with these appointments, the Corporation has also granted an aggregate of 125,000 incentive stock options pursuant to its Stock Option Plan at the exercise price of $0.25 each for a term of five years.

Brad Mercer currently leads the Canadian exploration team for Capstone Mining Corp., as VP Exploration, which has been credited with discovering the Area 2, Area 118 and Copper Keel high grade, copper-gold deposits at the Minto mine in the Yukon. Mr. Mercer's most recent discovery - Minto North - located approximately 600m north of the "main" Minto deposit. For the past 24 years, Mr. Mercer has managed mineral exploration programs, conducted project evaluations and participated in feasibility work for both large and small mineral exploration companies, including U.S. Borax and Chemical Corp., A.C.A. Howe Inc., Royal Oak Mines Ltd. and Miramar Mining Corporation.