Aurcana has No Exposure to Asset Backed Commercial Paper
August 23, 2007
Aurcana Corporation ("Aurcana" or the "Company") would like to confirm to its shareholders and the market that it has no exposure to asset backed commercial paper nor does it have any exposure directly or indirectly to any type of derivative contracts. The Company has approximately C$16 million on deposit which is held at a major Canadian bank.
The Company will release its financial statements for the second quarter ended June 30, 2007 during the week of August 27, 2007.
Aurcana is a Canadian junior mining company listed on the TSX Venture Exchange, symbol: AUN. The Company currently has one producing mine and one pre-production property in development in Mexico. Aurcana remains focused on the acquisition, development and operation of silver, zinc and copper mines with good infrastructure and ore reserves/resources that require minimal capital and time to re-start.
ON BEHALF OF THE BOARD OF DIRECTORS OF
"Ken Booth", President
For further information, please contact:
Ken Booth, President or
Colin Farr, Investor Relations
Phone: (604) 331-9333
Web site: www.aurcana.com
The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this Release.