Auric Mining Declares a Stock Dividend and Prepares for New Growth

WILMINGTON, Del., March 23, 2012 /PRNewswire/ -- Auric Mining Company (OTC: AUMY) announced today that, pursuant to a special meeting of the Board of Directors held on March 20th, 2012, the company has declared a stock dividend to all stockholders and set the record date for stock dividends to be 5pm EDT, April 28th, 2012. 

In anticipation of new growth opportunities and as a loyalty benefit to all shareholders, the Board of AUMY has voted to pay all shareholders on record a 3% stock dividend. 3 new Auric Mining shares will be issued for every 100 owned.

The Ex-Dividend Date will be set at April 28, 2012. For the purpose of clarity, the standard Ex-Dividend Date rules will apply. If a stockholder buys a dividend paying stock one day before the Ex-Dividend Date, you will still qualify for the Stock Dividend. However, if you buy on the published date of the Ex-Dividend, in this case April 28, 2012, the shares won't be eligible for the Stock Dividend. Conversely, if you want to sell a stock and still receive the dividend that has been declared, you need to sell on (or after) the Ex-Dividend Day.

The date of payment for the stock dividends to all qualifying shareholders will be no later than one month after the Record Date. New share certificates will be mailed directly to all shareholders of record by the Company's Transfer Agent. In the interim, we advise all stockholders to contact their brokers to ensure their mailing information is updated and correct in order that stock certificates arrive at their proper destination.

The Company anticipates additional announcements upon the completion of agreements for new growth opportunities currently in negotiation.

About Auric Mining Co.

Auric Mining is an investment and management enterprise that acquires and operates profitable energy companies with strong historical cash-flow and sustainable profitability. As part of its new growth initiative, the Company plans to acquire sector-specific technology and assets to be integrated into existing and future operations. Auric's primary business strategy is the acquisition of diverse, profitable energy related assets that provide synergistic profits and revenue enhancements across all portfolio companies.

The Company has developed and maintains an extensive database of private and public natural resources companies which have substantial resources already proven. The Company is constantly seeking acquisition opportunities with significant exploration upside through purchase, joint venture or investment. 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. The Company believes its combination of profitability and mitigated-risk funding structures provides long-term shareholder equity appreciation. 

For more information please visit the company's website at www.auricminingcorp.com.          

Forward-looking Statements

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.

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

SOURCE Auric Mining Company