Aura Gold Inc. Completes Private Placement

Aura Gold Inc. announces that it has completed a further tranche of the third private placement announced on January 5, 2006. An additional 500,000 shares were sold at $0.20 per share in a non-brokered private placement financing for total gross proceeds of $100,000.

In total, the third private placement consisted of the sale of 16,000,000 common shares at $0.20 per share for total gross proceeds of $3,200,000. These shares were sold to a group of private and institutional investors.

The securities issued pursuant to this private placement are subject to resale restrictions expiring on August 13, 2006. After the private placements, Aura Gold has 35,430,718 common shares issued and outstanding on a non-diluted basis, and 42,830,718 shares on a fully diluted basis.

The proceeds of these private placements will be applied to a search for gold and precious metal exploration properties in Brazil, for exploration on such properties, and to working capital.

Aura Gold Inc. is a Canadian based junior exploration company focusing on exploration in Brazil. Further information is available on our website, www.auragoldinc.com .

CAUTIONARY STATEMENT: No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding future plans and objectives of Aura Gold Inc., are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Aura Gold Inc.'s expectations are the risks detailed herein and from time to time in the filings made by Aura Gold Inc. with securities regulators.

Contacts: Aura Gold Inc. Victor H. Bradley President (416) 543-6600 (416) 352-5693 (FAX) Email Contact