Appointment of Director / Grant of Stock Options
March 22, 2007
Aurcana Corporation ("Aurcana" or the "Company") is pleased to announce Mr. Antonio Berlanga has been appointed to the Board of Directors of Aurcana. Mr. Berlanga has an Engineering degree in Mining and Metallurgy from the National University of Mexico and has over 30 year experience in many facets of the Mexican mining and exploration industry.
Mr. Berlanga is currently the CEO and General Director of Reyna Mining and Engineering SA de CV ("Reyna") which is a full service company capable of providing planning, construction and operational control of mining and milling projects in Mexico and is currently Aurcana's partner in the La Negra Mine. Highlights of Mr. Berlanga's tenure in the resource sector include 6 years with Servicios Industriales Penoles, SA de CV ("Penoles") where he was superintendent of planning and construction for several of Penoles' operations between 1981 -- 1985, and 1993. From 1993 to 2001 he gained invaluable knowledge of the deposits and mines in Mexico while technical subdirector of Fideicomiso de Fomento Minero which is a state company promoting mining in Mexico as well as offering technical and financial assistance to mining companies. In addition, to the Mexican mining sector, Mr. Berlanga has gained experience in the Canadian junior mining industry though his membership with the PDAC and his involvement with a number of Canadian junior companies including Farallon SA de CV and Continuum. Mr. Berlanga is also the Past President of the Association of Mining, Metallurgical and Geological Engineers of Mexico and as a result has a vast list of contacts within the mining industry. The addition of Mr. Berlanga continues with Aurcana's strategy of focusing on Mexico for its future growth.
In addition, the Company advises 2,200,000 stock options (the "Options") have been granted today to various Directors, Officers, Consultants and employees of the Company at a price of $1.50 per common share. The Options have been granted in accordance with the policies of the TSX Venture Exchange and the terms of the Company's 10% Rolling Stock Option Plan approved on August 11, 2006.
Aurcana is a junior resource company currently operating in Mexico. Through its ownership in the La Negra mine, the Company will over the next few months become a producer of zinc, copper, lead and silver in concentrates. Aurcana's strategy is to draw upon its extensive network in Mexico to identify and acquire production or near term production mining opportunities similar to the La Negra mine
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.