Aurcana Corporation ("Aurcana" or the "Company") is pleased to announce that Mr. Adrian Aguirre has agreed to join the Board of Directors.
Mr. Aguirre, 58 years old, is a resident of Mexico City and has many business interests including being Vice Chairman of Maxcom Telecomunicaciones, a NYSE listed provider of telecommunications in Mexico. Previous to his involvement with Maxcom, Mr. Aguirre was the Chief Executive Officer of Grupo Radio Centro, a NYSE company, and Mexico's leading radio broadcaster. Mr. Aguirre is also a Certified Professional Accountant ("CPA") and will be a member of Aurcana's audit and compensation committees.
Aurcana President, Ken Booth states: "We are very pleased to have Adrian join our board. His business background and extensive relationships in Mexico will be beneficial to Aurcana as the Company pursues its "Silver Growth Strategy" in Mexico and Texas".
About Aurcana Corporation:
Aurcana Corporation's strategy is Growth through Acquisition. The 100% owned Shafter silver mine in Presidio County, Texas, which was acquired in July 2008 represents the third acquisition in two years.
The Shafter silver mine has a NI 43-101 measured and indicated resource of 42 million ounces of silver and an inferred resource of 45 million ounces of silver. The 80% owned La Negra mine in Queretaro State, Mexico, is a copper-silver-lead-zinc mine and has operated at 1,000 tonnes per day since Q3, 2007. The 100% owned Rosario mine in Sinaloa State, Mexico, is an advanced stage lead-zinc-silver exploration project. The reader should be cautioned the Company has not completed feasibility studies confirming the projected production capacity for La Negra, Shafter or Rosario and there is no certainty the Company's plans will be economically viable.
ON BEHALF OF THE BOARD OF DIRECTORS OF
"Ken Booth", President
For further information, please visit the website at www.aurcana.com, or contact:
Ken Booth, President or
Jack Barnes, Investor Relations
Phone: (604) 331-9333
Toll Free: (866) 532-9333
Caution Regarding Forward-Looking Statements -- This news release contains certain forward-looking statements, including statements regarding the business and anticipated financial performance of the Company. These statements are subject to a number of risks and uncertainties. Actual results may differ materially from results contemplated by the forward-looking statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include unsuccessful exploration results, changes in metal prices, changes in the availability of funding for mineral exploration and development, unanticipated changes in key management personnel and general economic conditions. When relying on forward-looking statements to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and should not place undue reliance on such forward-looking statements. The Company does not undertake to update any forward-looking statements, oral or written, made by itself or on its behalf. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this Release.