Mr. Trent Northcutt reports

AURORA SPINE ANNOUNCES CLOSING OF PRIVATE PLACEMENT FINANCING

Aurora Spine Corp. has completed a non-brokered private placement offering of units for gross proceeds of approximately $1.9-million.

Pursuant to the offering, the company has issued 6,445,939 units at a price of 30 cents per unit. Each unit comprises one common share of the company and one common share purchase warrant of the company. Each whole warrant is exercisable at a price of 50 cents per common share for a period of 24 months following the date of issuance. In connection with the offering, the company paid finders' fees in the amount of $50,700 in the aggregate. PowerOne Capital Markets Ltd. acted as a finder in connection with a portion of the offering.

The company intends to use the proceeds from the offering to finance increased working capital resulting from expected growth in sales of several of its new products, including SiLO TFX and Dexa/Apollo, and from continuing growth in ZIP as Aurora adds new direct sales staff.

The securities issued under the offering will be subject to a four-month hold period in accordance with applicable securities legislation. The offering is subject to TSX Venture Exchange final approval.

Certain directors of the company participated in the offering and, as such, the offering may constitute a related party transaction under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, but is otherwise exempt from the formal valuation and minority approval requirements of MI 61-101 by virtue sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of such insider participation in the offering. No special committee was established in connection with the offering or the participation of the insiders in the offering, and no materially contrary view or abstention was expressed or made by any director of the company in relation thereto. Further details will be included in a material change report that will be filed by the company in connection with the completion of the offering. The company did not file the material change report more than 21 days before the initial closing date of the offering as the terms of the offering and the total amount to be invested by the insiders were not settled until shortly prior to the closing of the offering, and the company wished to complete the offering on an expedited basis for sound business reasons.

About Aurora Spine Corp.

Aurora Spine is focused on bringing new solutions to the spinal implant market through a series of innovative, minimally invasive, regenerative spinal implant technologies.

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