Aura Minerals Announces CEO to Step Down

Aura Minerals Announces CEO to Step Down

Minerals Inc. today announced that Patrick Downey, President & Chief Executive Officer, will be leaving the Company.

Mr. Downey stated, “The Board of Directors and I have agreed that this would be an appropriate time for me to step down as President and CEO of the Company. I am proud to have led Aura Minerals through its transition from a junior exploration Company to an established operating company with a strong management team and a solid portfolio of mining assets.”

Patrick Mars, Chairman, stated, “Patrick has made an outstanding contribution to the success of the Company. During his tenure as President and CEO, the Company has grown significantly from one advanced exploration project in Brazil to an intermediate producer with four producing mines in Mexico, Honduras and Brazil and an exciting organic development pipeline. On behalf of the Board, we wish Patrick every success in the future and we thank him for all his contributions towards the growth of Aura Minerals. We would also like to thank Patrick for agreeing to remain as CEO up to June 30, 2011 which will give the Company the opportunity to find a suitable replacement and allow a smooth transition.”

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