August 6, 2008
Bruce Dumville Appointed New President and CEO of Aurora, Mark O’Dea Assumes Role of Deputy Chairman
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 6, 2008) - Oliver Lennox-King, Chairman of the Board of Directors of Aurora Energy Resources Inc. ("Aurora" or "the Company") (TSX:AXU) is pleased to announce the appointment of Bruce Dumville as the new President and Chief Executive Officer, effective on or about September 8, 2008 and based out of the Company's head office in St. John's, Newfoundland and Labrador. Aurora's current President and CEO, Dr. Mark O'Dea will continue until Mr. Dumville assumes the senior executive position, at which time Dr. O'Dea will be appointed Deputy Chairman of Aurora.
"Our Board is excited by Bruce's acceptance of the senior executive role at Aurora," said Mr. Lennox-King. "We view his extensive development and operational experience in the mining industry to be both a major asset to the Company going forward and fully consistent with the Company's longer-term strategy in bringing the Michelin Project into production. Bruce has a proven track- record of bringing effective leadership to projects with diverse stakeholders, which should be of particular benefit to Aurora at the current stage of the Michelin Project."
Mr. Dumville has over 25 years of experience in the international mining industry, including functional responsibility for pre- feasibility and feasibility studies, project management, operations and the analysis of new investment opportunities. Most recently, he held successive General Manager positions at Xstrata's Canadian Copper Refinery in Quebec (the largest copper refinery in North America), Xstrata Recycling, Rhode Island and California, and at Xstrata's Horne Copper Smelter in Quebec. Mr. Dumville initially joined Falconbridge (now Xstrata) in 1995 from Brunswick Mining and Smelting, New Brunswick, where he held a series of positions of increasing responsibility over his almost twelve year tenure.
Previously, Mr. Dumville was President of Falconbridge New Caledonia, overseeing the development of the Koniambo Project, a multi-billion dollar nickel mining and processing project currently under development on the island of New Caledonia in the South Pacific. In this role, and in his position as Project Director for the Koniambo Project, Mr. Dumville had a senior leadership role in taking the project to the bankable feasibility stage, while developing and maintaining cooperative relationships with local partners, local and national governments and other stakeholders.
Before relocating to New Caledonia, Mr. Dumville spent over three years as Falconbridge's Director of Engineering, where he had functional responsibility for engineering and project management in operations, greenfield projects, and business development and exploration targets. During this period, Falconbridge's Raglan nickel mine in Quebec and Collahuasi copper mine in Chile were constructed.
Mr. Dumville holds a Bachelor of Science in Civil Engineering from the University of New Brunswick, as well as a Master's in Business Administration awarded jointly from the University of Western Ontario and Institut Superieur des Affaires, France.
Dr. O'Dea, the outgoing President and CEO, will provide support to Mr. Dumville during the transition period, as necessary, and continue to play a pivotal role at Aurora as Deputy Chairman.
"Aurora has been on a path of continuous growth since its inception and Bruce's arrival coincides with the Company's next evolution," said Dr. O'Dea. "I look forward to working closely with him both during the upcoming changeover period, as well as in my new role on Aurora's Board, with the aim of maximizing the continuity of knowledge and experience with Aurora and the relationships we have established with our project stakeholders."
Aurora is a uranium development company focused on the Central Mineral Belt in coastal Labrador - one of the world's most promising uranium districts. Aurora is committed to responsible development, which includes community consultation, lasting local benefits and the highest standards of safety, health, and environmental protection.
Aurora has no debt and approximately $113 million in cash that is fully liquid and held with a large commercial bank.
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