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AURUS Concludes US$10 Million Offering to NewConsult Ltd., a Swiss Private Equity Fund


By Market Wire
Last Update: 9/25/2006 1:58:54 PM Data provided by

NEW YORK, NY, Sep 25, 2006 (MARKET WIRE via COMTEX) -- Aurus Corporation (PINKSHEETS: AURC) announced today that it has concluded a $10,000,000 US offering to NewConsult Ltd., a Swiss private equity fund.

According to the offering, NewConsult Ltd. will proceed to fund an initial US$2 million upon the company's listing on the Frankfurt Stock Exchange, which is expected by the middle of October and will continue to fund the company's operation for a period of 48 months. NewConsult Ltd. has also received a right of first refusal for any subsequent funding of up to US$50,000,000.

"The funding by NewConsult Ltd. will enable us to immediately increase production and purchase all the equipment needed to mine our reserves," said Gerald Parkin, President of Aurus Corporation. "The $10,000,000 funding can easily turn into a $50,000,000 financing based on our performance and the price of gold and in return create substantial value for our shareholders,'' further added Mr. Parkin.

About Aurus Corporation

Aurus Corporation is a publicly traded mining holding company with several precious metal properties with over 5 million ounces in gold reserves, trading under the ticker symbol AURC on the US Pinksheets market. Aurus seeks to continue to acquire proven gold and other precious metal reserves in Russia and other emerging counties and operate its mines through joint ventures and/or partnerships.

About NewConsult Ltd.

NewConsult Ltd. is a private equity fund based in Zurich, Switzerland, which specializes in undervalued commodity assets.

Important Information About Forward-Looking Statements

All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates," "believes," "could," "expects," "intends," "may," "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.

A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.

SOURCE: Aurus Corporation