Aurcana Silver Corp V.AUN.H

News - Director options

[JonEcash]

This is dated last Friday, but I only got it via email this morning.

J$

News Release

Friday, January 16, 2009
News Release

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Aurcana Corporation ("Aurcana" or the "Company") reports 350,000 stock options at a price of $0.13 per common share in accordance with the policies of the TSX Venture Exchange (the "Options"), have been granted to a Director of the Company.

The Options have been granted to a newly appointed director in accordance with the terms of the Company's 10% rolling Stock Option Plan approved on August 22, 2008.

As an additional cost cutting measure, the Investor Relations contract announced September 2007 with Jack Barnes, has been reduced to $2,500 per month effective December 2008.

About Aurcana Corporation:

The Shafter silver mine, with a NI 43-101 measured and indicated resource of 24.6 million ounces of silver and an inferred resource of 22.8 million ounces of silver using a 4.0 ounce per ton cut off, is scheduled to start up production at 3.2 million ounces silver per year.

The 80% owned La Negra silver-lead-zinc-copper mine in Queretaro State, Mexico, is operating at 1,000 tonnes per day.

The 100% owned Rosario mine in Sinaloa State, Mexico, is an advanced stage silver-lead-zinc-gold exploration project.

Andy Nichols, P.Eng., Vice President of Operations for Aurcana, and a Qualified Person as defined by National Instrument 43-101, supervised the preparation of the technical information in this release. The reader should be cautioned the Company has not completed feasibility studies confirming the projected production capacity for La Negra, Shafter or Rosario and there is no certainty the Company's plans will be economically viable.

ON BEHALF OF THE BOARD OF DIRECTORS OF
AURCANA CORPORATION

"Ken Booth", President

For further information, please visit the website at www.aurcana.com.

Or contact:
Ken Booth, President or
Jack Barnes, Investor Relations

Aurcana Corporation
Phone: [phone]
Toll Free: [phone]
Fax: [phone]
Email: [e-mail]