AURELIO ANNOUNCES MANAGEMENT CHANGES
LITTLETON, COLORADO, October 18, 2007 News Release #07-20
The Board of Directors of
Aurelio Resource Corporation (OTCBB : AULO, Frankfurt : F3RA) would like to
announce the following changes to the Company’s management team and Board
of Directors, effective October 16, 2007:
Stephen Doppler will be standing down from
his position as Chairman to assume the duties of President and Chief Executive
Officer (CEO); Mr. Doppler will remain a Director of the Company.
Dr. Fred Warnaars resigned his positions
as President & CEO to become Chairman of the Board of Directors.
Dave Jonson has agreed to accept the
newly-created position of Vice President (VP) Business Development. Earl
Detra, currently the VP Exploration of Bolsa Resources, Inc., Aurelio’s Arizona subsidiary, will
replace Mr. Jonson as VP Exploration of the Company.
President and CEO Stephen Doppler said
"Today’s changes create a stronger balance within the Company to
carry it forward. Dave Jonson, whom we credit with discovery of the Hill
Copper-Zinc project, will now focus his time and energy on evaluating
submittals and searching for the next major project for the Company. At
the same time, Fred Warnaars will continue his endeavors in fund raising and
investor relations, as well as concentrate his time on the development of our
Gavilanes Gold Project in Mexico.”
About The Company
Aurelio Resource
Corporation is a mineral exploration and development company focused on
achieving mid-tier producer status. The Company's wholly-owned Hill
Copper-Zinc Project contains a number of potentially low-cost, bulk-tonnage,
open-pit-mineable deposits close to surface containing significant amounts of
copper, zinc, silver and gold. Presently, the in-house calculated resource
for the entire Hill project is estimated by the Company to be approximately 800
million pounds of copper at a copper-equivalent grade of 0.65% (copper and zinc
combined). Aurelio has also acquired the rights to explore, and an option
to purchase, the Gavilanes gold porphyry deposit in Durango, Mexico.
On behalf of the Board of Directors of Aurelio Resource Corporation.
Contacts:
Fred Warnaars Stephen
Doppler Diane
Dudley
Chairman President
& CEO Investor
Relations
303-797-3137 303-795-3030 303-945-7273
(direct)
800-803-1371 800-803-1371 303-945-7270
(fax)
For additional
information, please visit our website (www.AurelioResource.com)
and/or send an email to DianeD@AurelioResource.com..
Legal
Notice Regarding Forward Looking Statements
Statements
in this news release that are not historical are forward-looking statements.
Forward looking statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes",
"intends", "estimates", "projects",
"aims", "potential", "goal",
"objective", "prospective", and similar expressions,
or that events or conditions "will" , "would",
"may", "can", "could" or "should"
occur. Information inferred from the interpretation of drilling results and
information concerning mineral resource estimates may also be deemed to be
forward looking statements, as it constitutes a prediction of what might be
found to be present when and if a project is actually developed.
Forward-looking statements in this news release include that our property
contains a number of potentially low-cost, bulk-tonnage, open-pit-mineable
deposits close to surface containing significant amounts of copper, zinc,
silver and gold; that our in-house calculated resource for the entire Hill
project is estimated by the Company to be nearly 800 million pounds of copper
at a copper-equivalent grade of 0.65%; and that a significant additional
mineralization of shallow oxide copper and zinc has been identified in the
South Courtland area.
It is important to
note that the Company's actual outcomes may differ materially from those
statements contained in this press release. Factors which may delay or prevent
these forward looking statements from being realized include misinterpretation
of data; that we may not be able to keep our qualified personnel; that funds
expected to be received may not be; that our estimates of mineral resources are
inaccurate; uncertainties involved in the interpretation of drilling results
and other tests and the estimation of resources; that we may not be
able to get equipment or labor as we need it; that we may not be able to raise
sufficient funds to complete our intended exploration, purchase, lease or
option payments; that our applications to drill may be denied; that weather,
logistical problems or hazards may prevent us from exploration; that analysis
of data cannot be done accurately and at depth; that results which we have
found in any particular location are not necessarily indicative of larger areas
of our property; and that despite encouraging data there may be no commercially
exploitable mineralization on our properties. Readers should refer to the risk
disclosures outlined in the Company's most recent 10-KSB and 10-QSB filed with
the Securities and Exchange Commission.
Regards,
Diane G. Dudley
Investor Relations
Aurelio Resource
Corporation
Direct Line: 303-945-7273
Toll Free: 1-800-803-1371
Email: dianed@aurelioresource.com
stock traded as AULO
on Over the Counter Bulletin Board (OTCBB)
Web site: www.aurelioresource.com