Trading Symbol TSX:ARU

TORONTO, Sept. 16 /CNW/ - Aurelian Resources Inc. (TSX:ARU) today announced that per Kinross Gold Corporation's (TSX:K, NYSE:KGC) press release issued earlier this morning Kinross has taken up and paid for an additional 15,165,279 common shares of Aurelian under its offer to acquire the Aurelian common shares. As a result of this acquisition, Kinross now beneficially owns a total of 138,689,460 common shares of Aurelian, or 90.7% of the issued and outstanding common shares of Aurelian (on a fully diluted basis), and 89.7% of the Aurelian shares excluding the 15 million shares acquired by Kinross prior to the offer.

Kinross has also extended its offer to midnight (Toronto time) on September 29, 2008 in order to enable those shareholders who have not yet tendered their shares a final opportunity to deposit their Aurelian shares to the offer.

Kinross has also agreed to make a joint tax election with certain holders of common shares of Aurelian within 90 days after the expiry time of the offer. As a result of the extension of the expiry time under the offer, the deadline for providing the requisite tax information to Kinross has been extended fromDecember 2, 2008 to December 29, 2008. Details regarding the tax election are contained in the offer documents and at https://www.taxelection.ca/kinross.

About Aurelian

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Aurelian Resources Inc. is a publicly-listed (TSX:ARU) company engaged in exploring, discovering and developing mineral wealth inEcuador. 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 (Report titled "A Mineral Resource Estimate for the Fruta del Norte Deposit, Cordillera del Condor Project, Zamora-Chinchipe Province,Ecuador" and dated November 15, 2007 filed on www.sedar.com). Visit www.aurelian.ca for more information.

Forward Looking Statement

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding future political events, potential mineralization, metallurgy and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk and may not be within the control of the Company. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability, the uncertainty of access to additional capital, and political risks inEcuador.

%SEDAR: 00017235E

For further information: Marla Gale, Director of Investor Relations, Phone: (416) 868-9100, mgale@aurelian.ca

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