Mr. Lenic Rodriguez reports

AURCANA ANNOUNCES INCREASE TO PREVIOUSLY ANNOUNCED PRIVATE PLACEMENT FINANCING TO C$30.0 MILLION

Aurcana Corp. has increased the size of its previously announced $25.4-million private placement financing to $30.0-million of units. Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant. The private placement offering is being conducted through a syndicate of agents led by RBC Capital Markets and including BMO Capital Markets, Dundee Securities Ltd. and Stonecap Securities Inc. In addition, the company has granted the agents an option, exercisable in whole or in part at any time up to 48 hours prior to closing of the offering, to offer an additional number of units representing 15 per cent of the offering on the same terms as the offering.

The units are being offered and sold at a price of 65 cents per unit. The sale of 46.2 million units will deliver gross proceeds of approximately $30.0-million, before expenses related to the offering ($34.5-million if the overallotment option is exercised in full). Each full warrant will entitle the holder, on exercise, to purchase one additional common share of the company, at a price of $1 at any time until the close of business on the day which is 24 months from the date of issue of the warrant. All securities issued in connection with the offering will be subject to a hold period in Canada expiring on the day that is four months and one day from the closing of the offering. The net proceeds of the offering will be used for continuing construction of the Shafter mine, mill expansion at the La Negra mine, and for general corporate purposes and working capital.

The offering is currently expected to close on or about Nov. 29, 2011, subject to the satisfaction of customary closing conditions and acceptance from the TSX Venture Exchange.

We seek Safe Harbor.