Auric Mining Corporate Update Report

WILMINGTON, Del., Dec. 30, 2011 /PRNewswire/ -- Auric Mining Company (OTC: AUMY.PK) (the "Company") is pleased to report a general update on its activities for the year of 2011.  It was a very busy year for the mining company in general buoyed by skyrocketing prices in the gold and precious metal industry.

Initially the company moved form an exploration company to a more mature developer of known ore bearing properties and started to put down roots in the gold rich Northwestern Ontario region.  It started by forming a partnership Homestead Gold and Silver and soon branched out to researching, identifying and entering into agreements that would lead to the purchase of its own properties.  The company expects to further advance these developments in the 2012 year and start geophysical expansion to enhance their value in the coming months.  Once the option agreements have been completed the company believes that extending the drilling program, air magnetic survey and geophysical work will determine these multiple claims' true value to our operations.  The company has both legal and financial obligations to complete before possession and any work can be started in the spring of 2012.

About Auric Mining Corp.:

(Auric or the Company) is doing business as an investment and management company in mining and natural resources projects. The Company continues to focus its resources on investing in attractive projects with the objective of establishing ongoing cash-flow and provide profitability for its shareholders.

Auric has researched through numerous databases of private and public natural resources companies which have substantial findings already proven.  Auric will either purchase, joint venture or invest in these companies. The Company is constantly seeking acquisition opportunities with significant exploration upside in the form of entire companies or packages of assets that provide an undeniable possibility of hosting base and precious metal mineralization. With unparalleled instincts for successful mineral projects, a field-oriented management style and a flat organizational structure, the Company has an ability to concentrate its financial assets, human resources and field efforts to provide timely decisions and a continued focus on the most prospective targets.

The company has a number of claims strategically located in this historic mining district. Auric has undertaken significant efforts to assure its shareholders and potential investors that the properties it explores deserve the investment of time, effort and financial commitment necessary to establish successful mineral production in the future.  For more information please visit the company's website at www.auricminingcorp.com.          

For more information contact:
Auric Mining Company
General Inquiries: 302-336-9736
Investor Relations: 302-269-3859
Email: [email protected]

Forward-looking Statement:

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995 - forward-looking statements concerning plans, objectives, goals, strategies, future events of performance and underlying assumptions and other statements which are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and services demand and acceptance, changes in technology and in economic, political and regulatory conditions and to all of the risks generally associated with a company at Auric Mining's stage of development. All such forward looking statements, whether written or oral, and whether made by or on behalf of the company, are expressly qualified by these cautionary statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

SOURCE Auric Mining Company