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Aurcana Announces Increase In Size Of Previously Announced Non-Brokered Private Placement

February 15, 2007


Aurcana Corporation ("Aurcana" or the "Company") is pleased to announce it has increased the size of its non-brokered portion of the private placement financing announced on February 13, 2007 from 8,800,0000 units to 12,800,000 Units at a price of $1.25 (the "Units"). Each Unit will consist of one share (a "Share") and one half of one common share purchase warrant. One full common share purchase warrant (a "Warrant") will permit the holder to purchase a further common share (a "Warrant Share") for a period of 18 months from closing at a price of $1.85 per Warrant Share, provided that if the closing price of the Company's shares as traded on the Exchange, subsequent to four months from Closing, is at or over $3.00 per share for 20 consecutive trading days, the Company will have the right to accelerate the expiry of the Warrants upon giving 30 days notice to the holders thereof. Finders' fees in accordance with the Policies of the Exchange may be paid in cash, warrants or common shares.

The proceeds of the private placement will be used for the advancement of the Company's La Negra Mine located in Queretaro State, Mexico, for identification and execution of acquisitions and to provide general working capital. The closing of the offering is subject to certain conditions, including completion of satisfactory due diligence by the Agent and regulatory approval.

In accordance with securities legislation currently in effect, the securities issued pursuant to the Offering will have a restricted "hold" period of four months plus one day from the date of closing of the Offering.

The offered securities will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States or to or for the account or benefit of U.S. persons, except in certain transactions exempt from the registration requirements of the U.S. Securities Act. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, securities of the Company in the United States.

"Ken Booth", President

For further information, please contact: Ken Booth, President or
Colin Farr, Investor Relations
Aurcana Corporation
Phone: (604) 331-9333
Web site:

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.

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