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AuRico Reports The Addition Of Over 1 Million Ounces Of Proven And Probable Reserves At Young-Davidson And The Discovery Of Over 1.4 Million Ounces Of Measured And Indicated Resources Across Its Operating Mines

About AuRico Gold

AuRico Gold is a leading intermediate Canadian gold and silver producer with a diversified portfolio of high quality mines and projects in Canada, Mexico and Australia. The Company currently has five operating properties including the Ocampo mine in Chihuahua State, the El Chanate mine in Sonora State, the El Cubo mine in Guanajuato State, as well as the Fosterville and Stawell gold mines in Victoria, Australia. The first production from the exciting Young- Davidson gold mine in northern Ontario is expected by the end of Q1 2012 as the mine ramps up to over 200,000 ounces of annual production by 2015.  AuRico's strong pipeline of development and exploration stage projects includes advanced development properties in Mexico and British Columbia and several highly prospective exploration properties in Mexico. AuRico's head office is located in Toronto, Ontario, Canada.

Cautionary Statement

Certain statements included herein, including information as to the future financial or operating performance of the Company, its subsidiaries and its projects, constitute forward-looking statements. The words "believe", "expect", "anticipate", "target", "continue", "estimate", "may", and similar expressions identify forward-looking statements. Forward-looking statements include, among other things, statements regarding anticipated future financial and operational performance, the ability to continue to fund expansion and exploration operations through cash flows, the ability of the Company to optimize and expand its operations and development projects through capital expenditure, the ability of the Company to complete its expansion studies in a timely manner and to achieve positive results therefrom, the ability to realize the perceived  benefits of the acquisition of Northgate, the ability of Young- Davidson to commence production by the end of Q1 2012 and to achieve  over  200,000 ounces of annual production by 2015 and to meet the timelines for the commencement of mill processing, the ability to accelerate underground production at Young- Davidson, the ability to increase mining rates at Young- Davidson, the ability of the Company to achieve its targets for the continued expansion and development of Ocampo and El Chanate, the ability to improve infrastructure and productivity at El Cubo, Stawell and Fosterville, the future price of gold and silver and the ratio of their prices, the de-risking of operations, future exploration results of the Company's exploration and development programs and the success of the Company's exploration approaches, the Company's ability to delineate additional resources and reserves as a result of such programs, statements regarding the Company's financial exposure to litigation, targets, estimates and assumptions in respect of gold and silver production and prices, operating costs, results and capital expenditures, mineral reserves and mineral resources and anticipated grades, recovery rates, future financial or operating performance, margins, operating and exploration expenditures, costs and timing of completion of the Ocampo expansion program and improvements to the heap leach pad, costs and timing of the development and commencement of production of new deposits, costs and timing of construction, costs and timing of future exploration and reclamation expenses including, anticipated 2011 and 2012 results, operating performance projections for 2011 and 2012, the Company's ability to fully fund its business model internally, 2011 and 2012 gold and silver production and the cash and operating costs associated therewith, the ability to achieve productivity and operational efficiencies, and the timing of each thereof. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. The operating and financial performance of the Company will be affected by changes in the actual gold equivalency ratio realized in 2011 and 2012. Many factors could cause the Company's actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, the Company. Such factors include, among others, known and unknown uncertainties and risks relating to additional funding requirements, reserve and resource estimates, commodity prices, hedging activities, exploration, development and operating risks, illegal miners, political and foreign risk, uninsurable risks, competition, limited mining operations, production risks, environmental regulation and liability, government regulation, currency fluctuations, recent losses and write-downs, restrictions in the Company's loan facility, dependence on key employees, possible variations of ore grade or recovery rates, failure of plant, equipment or process to operate as anticipated, accidents and labour disputes. Investors are cautioned that forward-looking statements are not guarantees of future performance and, accordingly, investors are cautioned not to put undue reliance on forward-looking statements due to the inherent uncertainty therein.

                                         Proven Reserves
                      Tonnes  Gold  Silver  Gold   Gold   Silver    Gold
                      (000's) (g/t) (g/t)  Equiv  Ounces  Ounces  Equiv. Oz
                                           (g/t)  (000's) (000's)  (000's)

    Ocampo - Open Pit  23,647  0.45   18    0.78      339  13,613       590
 
    Ocampo -
    Underground         3,473  2.78  128    5.15      311  14,347       575
    Total Ocampo       27,120  0.75   32    1.34      650  27,960     1,164
    Total El Cubo       2,238  1.84  114    3.89      132   8,199       280
 
    Total - El
    Chanate            41,783  0.63    -       -      851       -       851
 
    Young-Davidson -
    Surface             4,173   1.4    -       -      188       -       186
    Young-Davidson -
    Underground         5,799  3.05    -       -      568       -       568
 
    Total
    Young-Davidson      9,972  2.36    -       -      756       0       754
 
    AuRico - North
    America            81,113  0.92   14    1.17    2,389  36,159     3,050
    Fosterville           560  7.02    -       -      126       -       126
 
    Stawell - Surface       -     -    -       -        -       -         -
 
    Stawell -
    Underground            95  3.75    -       -       11       -        11
 
    Total - Stawell        95   3.6    -       -       11       -        11
 
    AuRico -
    Australia             655  6.52    -    6.52      137       -       137
 
    AuRico - Total     81,769  0.96   14    1.21    2,527  36,159     3,187

(table continued)

                                        Probable Reserves
                      Tonnes  Gold  Silver  Gold   Gold   Silver    Gold
                      (000's) (g/t) (g/t)  Equiv. Ounces  Ounces  Equiv. Oz
                                           (g/t)  (000's) (000's)  (000's)

    Ocampo - Open Pit  45,242 0.37    15    0.64      543  21,410       937
 
    Ocampo -
    Underground         2,425 1.91    93    3.63      149   7,268       283
    Total Ocampo       47,666 0.45    19    0.8       692  28,678     1,220
    Total El Cubo       3,152 1.88   102    3.72      190  10,313       377
 
    Total - El
    Chanate            19,745 0.68    -      -        433       -       433
 
    Young-Davidson -
    Surface             3,394 1.27    -      -        139       -       139
    Young-Davidson -
    Underground        33,259 2.75    -      -      2,936       -     2,936
 
    Total
    Young-Davidson     36,653 2.61    -      -      3,075       -     3,075
 
    AuRico - North
    America           107,217 1.27    11    1.48    4,391  38,991     5,105
    Fosterville         1,851   4     -      -        238       -       238
 
    Stawell - Surface     120  0.8    -      -          3       -         3
 
    Stawell -
    Underground           756 3.81    -      -         93       -        93
 
    Total - Stawell       876 3.41    -      -         96       -        96
 
    AuRico -
    Australia           2,727 3.81    -     3.81      334       -       334
 
    AuRico - Total    109,944 1.34    11    1.54    4,725  38,991     5,439
                                  Total Proven and Probable Reserves
                                               Gold   Gold   Silver    Gold
                         Tonnes  Gold  Silver Equiv. Ounces  Ounces  Equiv. Oz
                         (000's) (g/t) (g/t)  (g/t)  (000's) (000's)  (000's)

    Ocampo - Open Pit     68,889  0.40     16   0.69     882  35,023     1,527
 
    Ocampo - Underground   5,897  2.42    114   4.52     460  21,615       857
 
    Total Ocampo          74,786  0.56     24   0.99   1,342  56,638     2,384
 
    Total El Cubo          5,390  1.86    107   3.79     322  18,512       657
 
    Total - El Chanate    61,528  0.65      -      -   1,285       -     1,285
 
    Young-Davidson -
    Surface                7,567  1.34      -      -     327       -       327
    Young-Davidson -
    Underground           39,058  2.79      -      -   3,504       -     3,504
 
    Total Young-Davidson  46,625  2.56      -      -   3,831       -     3,831
 
    AuRico - North
    America              188,330  1.12     12   1.35   6,780  75,150     8,157
 
    Fosterville            2,411  4.70      -      -     364       -       364
 
    Stawell - Surface        120  0.80      -      -       3       -         3
 
    Stawell -
    Underground              851  3.80      -      -     104       -       104
 
    Total - Stawell          971  3.43      -      -     107       -       107
 
    AuRico - Australia     3,382  4.33      -   4.33     471       -       471
 
    AuRico - Total       191,712  1.18     12   1.40   7,251  75,150     8,628
                                                                        Measured Resources
                                 Tonnes  Gold  Silver    Gold     Gold   Silver    Gold
                                 (000's) (g/t) (g/t)  Equivalent Ounces  Ounces  Equiv. Oz
                                                        (g/t)    (000's) (000's)  (000's)

    Ocampo - Open Pit              9,552 0.33    20      0.69        101   6,121       212
 
    Ocampo - Underground             607 1.37    64      2.53         27   1,255        49
 
    Total Ocampo                  10,158 0.39    23      0.8         128   7,376       262
 
    Total El Cubo                    337  1.1    65      2.27         12     701        25
 
    El Chanate                     1,162 0.38    -        -           14       -        14
 
    Young-Davidson - Surface         739 2.02    -        -           48       -        48
    Young-Davidson - Underground   1,527 3.01    -        -          148       -       148
 
    Total Young-Davidson           2,266 2.69    -        -          196       -       196
 
    Orion                              -   -     -        -            -       -         0
 
    Kemess Underground                 -   -     -        -            -       -         0
 
    Guadalupe y Calvo                  -   -     -        -            -       -         0
 
    AuRico - North America        13,924 0.78    18      1.11        349   8,076       496
 
    Fosterville - Surface          2,294 2.19    -        -          162       -       162
 
    Fosterville - Underground         41 6.12    -        -            8       -         8
 
    Fosterville - Total            2,335 2.26    -        -          170       -       170
 
    Stawell - Surface                  -   -     -        -            -       -         0
 
    Stawell - Underground              -   -     -        -            -       -         0
 
    Total - Stawell                    -   -     -        -            -       -         0
 
    AuRico - Australia             2,335 2.26    -       2.26        170       -       170
 
    AuRico - Total                16,259 0.99    15      1.27        519   8,076       666

(table continued)

 
                                                    Indicated Resources
                                 Tonnes  Gold  Silver    Gold     Gold    Silver   Gold
                                 (000's) (g/t) (g/t)  Equivalent Ounces   Ounces Equiv. Oz
                                                        (g/t)    (000's) (000's)  (000's)

    Ocampo - Open Pit             20,555  0.2     8      0.35       130   5,430       229
 
    Ocampo - Underground             495 1.07    50      1.98        17     801        32
 
    Total Ocampo                  21,050 0.22     9      0.39       147   6,231       261
 
    Total El Cubo                  3,874 2.07    61      3.17       257   7,600       395
 
    El Chanate                     1,652 0.44     -         -        23       -        23
 
    Young-Davidson - Surface       3,499 1.26     -         -       142       -       142
    Young-Davidson - Underground   8,864 2.17     -         -       619       -       619
 
    Total Young-Davidson          12,363 1.91     -         -       761       -       761
 
    Orion                          1,107 3.36   309      9.27       130  11,006       330
 
    Kemess Underground           136,500 0.56     -         -     2,610       -     2,610
 
    Guadalupe y Calvo              2,523 1.55    93      3.25       126   7,585       264
 
    AuRico - North America       179,069  0.7     6      0.81     4,055  32,421     4,644
 
    Fosterville - Surface          6,468 1.41     -         -       293       -       293
 
    Fosterville - Underground      2,728 5.26     -         -       461       -       461
 
    Fosterville - Total            9,195 2.55     -         -       754       -       754
 
    Stawell - Surface              3,134 2.16     -         -       218       -       218
 
    Stawell - Underground            598 3.86     -         -        74       -        74
 
    Total - Stawell                3,732 2.43     -         -       292       -       292
 
    AuRico - Australia            12,927 2.52     -      2.52     1,046       -     1,046
 
    AuRico - Total               191,996 0.83     5      0.92     5,101  32,421     5,690
 
                               Total Measured and Indicated Resources
                                             Gold     Gold    Silver    Gold
                     Tonnes   Gold  Silver Equivalent Ounces   Ounces  Equiv. Oz
                     (000's)  (g/t) (g/t)    (g/t)    (000's)  (000's)  (000's)
 
    Ocampo - Open
    Pit               30,106  0.24    12      0.46       231   11,551       441
 
    Ocampo -
    Underground        1,102  1.23    58      2.29        44    2,056        81
 
    Total Ocampo      31,208  0.27    14      0.52       275   13,607       522
 
    Total El Cubo      4,211  1.99    61      3.10       269    8,300       420
 
    El Chante          2,814  0.42     -         -        38        -        38
 
    Young-Davidson -
    Surface            4,238  1.39     -         -       190        -       190
    Young-Davidson -
    Underground       10,391  2.30     -         -       767        -       767
 
    Total
    Young-Davidson    14,629  2.03     -         -       956        -       956
 
    Orion              1,107  3.36   309      9.27       130   11,006       330
 
    Kemess
    Underground      136,500  0.56     -         -     2,610        -     2,610
 
    Guadalupe y
    Calvo              2,523  1.55    93      3.25       126    7,585       264
 
    AuRico - North
    America          192,993  0.71     7      0.83     4,405   40,498     5,140
 
    Fosterville -
    Surface            8,761  1.41     -         -       454        -       454
 
    Fosterville -
    Underground        2,769  5.26     -         -       469        -       469
 
    Fosterville -
    Total             11,530  2.49     -         -       924        -       924
 
    Stawell -
    Surface            3,134  2.16     -         -       218        -       218
 
    Stawell -
    Underground          598  3.86     -         -        74        -        74
 
    Total - Stawell    3,732  2.43     -         -       292        -       292
 
    AuRico -
    Australia         15,262  2.48     -      2.48     1,216        -     1,216
 
    AuRico - Total   208,255  0.84     6      0.95     5,620   40,498     6,356
 
                      Copper Resources
                   Tonnes  Copper Copper
                   (000's)  (%)   Pounds
    Kemess
    Underground                   (000's)
 
    Indicated      136,500   0.29 861,000
 
    Inferred         6,000   0.22  30,000


                                       Inferred Resources
                   Tonnes   Gold  Silver     Gold     Gold   Silver    Gold
                   (000's) (g/t)   (g/t)  Equivalent Ounces  Ounces  Equiv. Oz
                                            (g/t)    (000's) (000's)  (000's)
 
    Ocampo -
    Surface         27,068  0.4     20       0.77        347  17,822       671
 
    Ocampo -
    Underground      4,041  3.75    232      7.97        488  30,116     1,035
 
    Total Ocampo    31,109  0.83    48       1.71        835  47,938     1,706
 
    Total El Cubo    7,198  2.37    115      4.46        548  26,682     1,031
 
    El Chanate         549  0.46     -        -            8       -         8
 
    Young-Davidson
    - Surface        3,515  1.26     -        -          142       -       142
    Young-Davidson
    - Underground   14,784  2.71     -        -        1,289       -     1,289
 
    Total
    Young-Davidson  18,299  2.43     -        -        1,431       -     1,431
 
    Orion              181  3.33    95       4.98         19     550        29
 
    Kemess
    Underground      6,000  0.42     -        -           90       -        90
 
    Guadalupe y
    Calvo            1,832  1.13    74       2.48         67   4,357       146
 
    AuRico - North
    America         65,168  1.43    38       2.12      2,998  79,528     4,441
 
    Fosterville -
    Surface          2,554  1.51     -        -          124       -       124
 
    Fosterville -
    Underground      2,490  4.41     -        -          353       -       353
 
    Fosterville -
    Total            5,045  2.94     -        -          477       -       477
    Stawell -
    Surface             39  1.57     -        -            2       -         2
 
    Stawell -
    Underground        916  4.85     -        -          143       -       143
 
    Total -
    Stawell            955  4.72     -        -          145       -       145
 
    AuRico -
    Australia        6,000  3.22     -       3.22        622       -       622
 
    AuRico - Total  71,168  1.58    35       2.21      3,620  79,528     5,063

Notes to Reserves and Resources:

  • Mineral Reserves and Resources have been stated as at December 31, 2011.
  • AuRico acquired Capital Gold Corporation, including the El Chanate and Orion properties, in April 2011. AuRico acquired Northgate Minerals Corporation, including the Young- Davidson, Fosterville, Stawell and Kemess properties, in October 2011.
  • Gold equivalent calculations for Ocampo and El Cubo use the reserve metal prices of $1,250/oz for gold and $23.00/oz for silver, for a gold to silver ratio of 54.35:1.  Individual process recoveries are not factored into the gold to silver ratio calculation.
  • Gold equivalent calculations for Ocampo, El Cubo, Orion and Guadalupe y Calvo, use the resource metal prices of $1,450/oz for gold and $26.35/oz for silver for a gold to silver ratio of 55.03:1. Individual process recoveries are not factored into the gold to silver ratio calculation.
  • Mineral Resources are in addition to Mineral Reserves.  Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability when calculated using Mineral Reserve assumptions.
  • Reserves have been calculated in accordance with NI 43-101, as required by Canadian securities regulatory authorities. In addition, while the terms "Measured", "Indicated and "Inferred" Mineral Resources are required pursuant to NI 43-101, the SEC does not recognize such terms.  Canadian standards differ significantly from the requirements of the SEC, and Mineral Resources disclosed in accordance with the requirements of the SEC. Investors should understand that "Inferred" Mineral Resources have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility.  In addition, investors are cautioned not to assume that any part or all of AuRico Gold's Mineral Resources constitute or will be converted into Reserves.
  • The following metal prices were used for the calculation of Reserves and Resources:
                        Reserves                 Resources
                   Au $/oz   Ag $/oz   Au $/oz   Ag $/oz   Cu $/lb
                              $23.00              $26.35
            Ocampo $1250 USD    USD    $1450 USD    USD        -
                              $23.00              $26.35
           El Cubo $1250 USD    USD    $1450 USD    USD        -
        El Chanate $1250 USD     -     $1450 USD     -         -
    Young-Davidson $1250 USD     -     $1450 USD     -         -
       Fosterville $1300 AUD     -     $1450 AUD     -         -
           Stawell $1300 AUD     -     $1450 AUD     -         -
                                                  $16.61
               GyC     -         -     $1023 USD    USD        -
                                                  $13.00
             Orion     -         -     $850 USD     USD        -
            Kemess                                $20.00
       Underground     -         -     $1100 USD    USD    $2.80 USD
  • Reserves and Resources were prepared under the supervision of the following Qualified Persons:

        
                                Resources                 Reserves                                                          Ramon Luna, P.Geo,
                         Ocampo Ramon Luna, P.Geo,        Director, Servicios
                                Director, Servicios y     y Proyectos Mineros
                                Proyectos Mineros De      De Mexico S.A. de
                                Mexico S.A. de C.V        C.V

                                                          Glenn R. Clark,
    El Cubo - Excluding Dolores Glenn R. Clark, P.Eng,    P.Eng, Principal,
                                Principal, Glenn R. Clark Glenn R. Clark &
                                & Associates              Associates

              El Cubo - Dolores Jeff Volk, CPG, FAusIMM,  Paul Arscott, P.Geo,
                                Principal Resource        Technical Service
                                Geologist, SRK Consulting Manager, Minera El
                                (US) Inc                  Cubo

                     El Chanate Jeff Volk, CPG, FAusIMM,  Joanna Peck, MMSA,
                                Principal Resource        Senior Consultant
                                Geologist, SRK Consulting (Mining), SRK
                                (US) Inc                  Consulting (US) Inc

                                                          Chris Bostwick,
                 Young Davidson Carl Edmunds, P.Geo,      FAusIMM, SVP
                                Exploration Manager,      Technical Services,
                                AuRico Gold Inc.          AuRico Gold Inc.

                    Fosterville Simon Hitchman, AIG, Troy Chris Bostwick,
                                Fuller AIG, both of       FAusIMM, SVP
                                Fosterville Gold Mine Pty Technical Services,
                                Ltd.                      AuRico Gold Inc.

                                                          Austin Hemphill,
                        Stawell Mark Haydon, AIG, Geology MAusIMM (CP), Chief
                                Manager, Stawell Gold     Engineer, AuRico
                                Mines                     Gold Inc.

                            GyC Chris Bostwick, FAusIMM,
                                SVP Technical Services,
                                AuRico Gold Inc.

                          Orion Jeffrey Volk, CPG,
                                FAusIMM, Peter Clarke,
                                P.Eng., Paul Riley,
                                C.Eng, FIMMM, G. Dante
                                Ramírez-Rodríguez, MMSA,
                                all of SRK Consulting
                                (US) Inc.

             Kemess Underground Carl Edmunds P.Geo.,
                                Exploration Manager,
                                AuRico Gold Inc., Michael
                                Thomas, MAusIMM (CP),
                                Principal Mining
                                Consultant, AMC
                                Consultants Pty Ltd, Ken
                                Major, P.Eng, KWM
                                Consulting Inc.

PDF with caption: "AuRico North America Proven and Probable Reserves". PDF available at: http://stream1.newswire.ca/media/2012/03/05/20120305_C9650_DOC_EN_10734.pdf

For further information:

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