Mr. Lenic Rodriguez reports

AURCANA COMPLETES BUY BACK OF SILVER STREAM PURCHASE AGREEMENT FROM SILVER WHEATON

Aurcana Corp. has completed the buyback of the Silver Stream purchase agreement entered into with Silver Wheaton Caymans Ltd., a wholly owned subsidiary of Silver Wheaton Corp. Consideration for the termination of the SPA consisted of a $25-million (U.S.) payment and a final silver payment of 206,000 ounces. The security package on the assets of La Negra mine, which were held by SW Caymans will be released accordingly.

Aurcana has now removed the obligation of the sale of 50 per cent of its silver production to SW Caymans and can now receive the full benefits of 100 per cent of its silver production at La Negra going forward. Silver Wheaton has continued to show its support for Aurcana by participating in the recently closed equity financing which was announced in a Dec. 8, 2010, Stockwatch news release.

Lenic Rodriguez, the company's president and chief executive officer, states, "The buyback of the SPA represents a very significant accomplishment for Aurcana and allows the long-life La Negra mine to fully participate in the upside to the silver market, substantially increasing its profit potential on an ongoing basis."