Kinross Now Owns 94.29% of Aurelian

Aurelian Resources Inc. announced that it has been informed that Kinross Gold Corporation has acquired an additional 5,412,884 common shares of Aurelian under its previously announced offer to acquire all of the issued and outstanding common shares of Aurelian. Kinross now owns 144,102,344 common shares of Aurelian, representing approximately 94.29% of Aurelian’s issued and outstanding common shares (and approximately 93.67%, excluding the 15 million shares acquired by Kinross prior to the offer).

Kinross made its offer on July 28, 2008 when it mailed a take-over bid circular to Aurelian shareholders. The deposit period under the Kinross offer expired at 11:59 p.m. (Toronto time) on September 29, 2008. Kinross has also announced its intention to exercise its statutory rights under the Canada Business Corporations Act to compulsorily acquire the remaining common shares of Aurelian that have not been deposited to the offer. Upon completion of the compulsory acquisition, Kinross has announced that it intends to apply to de-list the common shares of Aurelian from the Toronto Stock Exchange and to apply to securities regulatory authorities for Aurelian to cease to be a reporting issuer.

Aurelian Resources Inc. is a publicly-listed company engaged in exploring, discovering and developing mineral wealth in Ecuador. The Fruta del Norte (FDN) discovery lies at the heart of the Condor Project, located in south-eastern Ecuador. The initial Inferred Mineral Resource for FDN was released in October 2007 and included 58.9 million tonnes grading 7.23 g/t gold and 11.8 g/t silver for 13.7 million ounces of contained gold and 22.4 million ounces of contained silver. Visit www.aurelian.ca for more information.