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Aurora Elects New Officers and Directors

Aurora Elects New Officers and Directors
Wednesday March 12, 3:21 pm ET

VANCOUVER, B.C.--(BUSINESS WIRE)--March 12, 2003--Aurora Precious Metals Inc. (PinkSheets:ARPM - News) announced today that it has appointed the following new officers and directors: Walter Stunder, president, CEO and chairman; David Maxwell, CPA., secretary/treasurer and director; Kevin Stunder, BBA, vice-president and director; and, David Yeager, P. Geo, director.
"The ongoing developments in mining technologies -- and more specifically in Central Europe -- continue to create new business opportunities," said Walter Stunder, CEO of Aurora Precious Metals Inc. "This new management team brings years of experience to our company and looks forward to the new developments to come," he added.

Aurora Precious Metals Inc. is an exploration, development and mining company having its principal mining site in the Odesa region of Ukraine. A major shift in the political environment in Central Europe has created a new staking rush in the area that has become "the new Nevada." This is one of the world's longest gold belts that stretch from Greece, across central Europe into southern Poland and western Ukraine. This has extremely attractive potential because some of the countries, Hungary, Czech Republic, Slovenia and Poland have joined or are in the process of joining the European Union, which indicated that political stability has been achieved. Other countries such as Romania and Ukraine are moving to join the European Union.

This press release contains statements that may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Aurora Precious Metals Inc. and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.

For further information, contact Walter Stunder, company president, at 604/685-1527.