Wed Mar 23, 2005
Aurea closes Private Placement

Vancouver, BC.: Aurea Mining Inc. ("Aurea" or "the Company") is pleased to announce that it has closed a non-brokered private placement consisting of a total of 4,977,718 units at a price of $0.26, raising a gross amount of $1,294,207 for the Company, and a net of $1,271,587 after deducting $22,620 paid in commissions in connection with the private placement.

Each unit entitles the holder to one common share, and one half share purchase warrant; each full warrant entitles its holder to buy one common share at an exercise price of $0.40 per share until the earlier of (i) 18 months from the date of issuance, or (ii) one year from the date on which the shares are listed for trading on the TSX Venture Exchange (the "TSX-V"). Aurea's common shares are not currently listed on the TSX-V.

Of the total amount of units sold, 3,600,418 were issued on February 10, 2005, and have a hold period expiring on June 10, 2004. The remaining 1,377,300 units were issued on March 23, 2005, and have a hold period expiring on July 23, 2005. Insiders of the Company subscribed 5,000 of the units.

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Aurea is a company focused on mineral exploration in the Guerrero Gold Belt, Guerrero State, México, where Aurea controls 100% of approximately 80,000 hectares of contiguous mineral claims.

Aurea's management team is composed of former members of Miranda Mining Corporation's management, that developed the Guerrero Gold Belt and, with the participation of Teck Cominco, led to the discovery of the Nukay, Los Filos and El Limon-Los Guajes gold deposits that were sold to Wheaton River Minerals Ltd. in 2003.

Aurea's management and directors have significant experience with the exploration of the Guerrero Gold Belt, the Canadian capital markets and doing business in Mexico and, in particular, in the State of Guerrero.

For further information, please visit Aurea's web site at www.aureamining.com, or the SEDAR website at www.sedar.com.

On behalf of the Board of Directors

Per:

"Enrique R. Miranda-Paz"
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Enrique R. Miranda-Paz
President