Brampton, Ontario – May 8, 2007 – Aura Silver Resources Inc. (TSX V: AUU) (the “Company” or “Aura Silver”) announces that it intends to raise a minimum of US $1,000,000 and up to a maximum of US $2,000,000 by way of a non-brokered private placement of units.  Each unit will consist of one common share and one-half common share purchase warrant (the “Units”).  Each Unit will be offered at a price of US $0.40 (CDN $0.44) per Unit.  This offering of Units would give rise to the issuance of a minimum of 2,500,000 Units and a maximum of 5,000,000 Units.  Company management reserves the right to close the financing at any time after the minimum is raised.  This offering is subject to TSX Venture Exchange acceptance.

Each Unit will contain a half warrant to be exercisable for a period of two years from the closing of the offering.  Each whole warrant will be exercisable at US $0.60 (CDN $0.66) per common share.  Additionally, warrants will be callable, at the option of the Company should the Company’s common shares trade above CDN $1.20 for twenty consecutive trading days.  Subscribers will be notified of the call provision being triggered and will have a 30 day period to exercise the warrants.

About Aura Silver

Aura Silver Resources is a TSX Venture listed company engaged in the acquisition, exploration and development of precious metal prospects. The Company has 28,219,687 common shares outstanding.

For further information contact:
Paul W. Pitman, P.Geo., President and designated QP
Phone: (905) 456-5436
Email: paul@aurasilver.com

Investor Relations
Dani Wright
Phone: (866) 981-4588 ext. 242
Email: dani@aurasilver.com

Website: www.aurasilver.com

FORWARD LOOKING STATEMENTS
This Press Release may contain forward looking statements that involve a number of risks and uncertainties. Actual events or results could differ materially from the Company's expectations and projections. The TSX Venture Exchange has neither approved nor disapproved the information contained in this press release.