Aurcana Silver Corp V.AUN.H

News!

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Press Release Source: Aurcana Corporation Aurcana Corporation: Penoles Accepts Shares for Final Payment Friday February 9, 3:14 pm ET VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Feb. 9, 2007) - Aurcana Corporation ("Aurcana" or the "Company") (TSX VENTURE:AUN - News) is pleased to announce that it has reached an agreement to amend the terms of the original purchase agreement to acquire the La Negra Mine from Industrias Penoles, SA de CV ("Penoles"). Subject to the approval of the TSX Venture Exchange, the Company may pay the remaining and final payment to Penoles totalling US$1,000,000 by the issuance of 1,114,631 common shares of the Company. The number of shares have been calculated in accordance with the "Discounted Market Price" as defined in the TSX Venture Exchange Policy 1.1. ADVERTISEMENT ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION Ken Booth, President The statements made in this News Release may contain certain forward-looking statements. Actual events or results may differ from the Company's expectations. Certain risk factors may also affect the actual results achieved by the Company. The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy and accuracy of this Release. Contact: Ken Booth Aurcana Corporation President [phone] Colin Farr Aurcana Corporation Investor Relations [phone] [phone] (FAX) Website: www.aurcana.com -------------------------------------------------------------------------------- Source: Aurcana Corporation