TORONTO, ON -- (Marketwired) -- 08/28/14

Aura Minerals Inc. (the "Company") (TSX: ORA) regrets to report the occurrence of a fatal accident at the Aranzazu Mine ("Aranzazu") in the State of Zacatecas, Mexico on the morning of August 27, 2014. A miner employed by Aranzazu was fatally injured above ground when unexpected movement of material from a side-wall breached his equipment.

All underground and open-pit activities, except emergency requirements, were suspended and secured and the appropriate governmental agencies contacted. A formal investigation is under way. The accident area remains closed and secured however other normal operations have now resumed.

"We are deeply saddened by this tragic and devastating accident and our heartfelt condolences go out to the family, colleagues and friends of the deceased," said James Bannantine, President and CEO of the Company.

The Company will provide appropriate updates as additional information becomes available. A safe and healthy workplace is a core organizational value and the Company is committed to verifying the safety of all of its employees and contractors, and will review safety measures and procedures to prevent such accidents from recurring at any of its operations.

About Aura Minerals

Aura Minerals is a Canadian mid-tier gold and copper production company focused on the development and operation of gold and base metal projects in the Americas. The Company's producing assets include the copper-gold-silver Aranzazu mine in Mexico, the San Andres gold mine in Honduras and the Sao Francisco and Sao Vicente gold mines in Brazil. The Company's core development asset is the copper-gold-iron Serrote da Laje project in Brazil.

For further information, please contact:

Aura Minerals Inc.

Gonzalo Rios
VP Corporate Responsibility
Tel: (604) 638-5792

Or

Tel: (416) 649-1033
Fax: (416) 649-1044
Email: info@auraminerals.com