Aurelian Update on Kinross Offer; Kinross Now Owns 74.8% of Outstanding Shares

About this update from Tesoro Minerals Corp.

Trading Symbol TSX:ARU TORONTO, Sept. 4 /CNW/ - Aurelian Resources Inc. (TSX:ARU) today announced that per Kinross' press release earlier this morning, Aurelian shareholders have deposited 108,524,181 Aurelian common shares to the previously announced Kinross offer. Kinross now owns a total of 123,524,181 common shares of Aurelian. At the time of the close of the offer, this represented approximately 74.8% of Aurelian's issued and outstanding common shares on a fully-diluted basis. However, following completion of the exchange of the outstanding Aurelian employee stock options for replacement Kinross stock options in the manner contemplated by the terms of the Kinross offer, a process that is expected to be completed shortly, this will represent approximately 80.8% of the issued and outstanding common shares on a fully-diluted basis. Kinross has extended its offer to 6 p.m. (Toronto time) on September 15, 2008 to allow Aurelian shareholders that have not yet tendered their shares to deposit their shares to the offer. For further details please see the Kinross press release at www.kinross.com. About Aurelian Aurelian Resources Inc. is a publicly-listed (TSX:ARU) company engaged in exploring, discovering and developing mineral wealth in Ecuador. The Fruta del Norte (FDN) discovery lies at the heart of the Condor Project, located in south-eastern Ecuador. The initial Inferred Mineral Resource for FDN was released in October 2007 and included 58.9 million tonnes grading 7.23 g/t gold and 11.8 g/t silver for 13.7 million ounces of contained gold and 22.4 million ounces of contained silver (Report titled "A Mineral Resource Estimate for the Fruta del Norte Deposit, Cordillera del Condor Project, Zamora-Chinchipe Province, Ecuador" and dated November 15, 2007 filed on www.sedar.com). Visit www.aurelian.ca for more information. Forward Looking Statement Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding future political events, potential mineralization, metallurgy and resources, exploration results, and future plans and objectives of the Company are forward looking statements that involve various degrees of risk and may not be within the control of the Company. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability, the uncertainty of access to additional capital, and political risks in Ecuador. %SEDAR: 00017235E

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