Aurelio to Acquire Portfolio of Exploration and Development-Stage Gold Projects in Nevada

LAKEWOOD, Colo.--(Business Wire)--
Aurelio Resource Corporation (OTCBB: AULO) (Frankfurt: F3RA) is pleased to
report that the Company has entered into an agreement to acquire a portfolio of
10 highly-prospective gold exploration and development projects in Nevada (the
"C3 Nevada Assets") from C3 Resources, Inc. ("C3"), a privately held company.

Eight of the 10 projects are located on or in-between the Carlin and Battle
Mountain-Eureka Trends. The C3 Nevada Assets encompass more than 1,900
unpatented mining claims covering an estimated 38,000 acres.

Advanced-Stage Gold Exploration Projects

The Iron Butte gold project is the core asset being acquired by Aurelio.

Situated southeast of and along trend with the Cove-McCoy gold mine, which
produced 3.4 million ounces of gold and over 110 million ounces of silver
between 1986 and 2006, the Iron Butte project has been extensively drilled by
Newmont, Newcrest, Cameco and C3 Resources.

Prior drilling at Iron Butte has identified an historical mineral inventory of
approximately 10,000,000 tons of mineralized material grading an estimated 0.031
oz Au/ST that remains open along strike and at depth. At closing, Aurelio will
receive the complete exploration database for the project, including the assay
results for over 225 drill holes.

The North Sleeper project is adjacent to the Sleeper mine, which produced over
1.6 million ounces of gold between 1986 and 1996. This project covers the north
and northeast extensions of the mine structures, and the land being acquired by
Aurelio has the potential to host high-grade vein and bulk mineralization
similar to the Sleeper and Midas gold mines.

The Veta Grande project is geologically and structurally similar to the mines of
the Comstock Lode. The VG vein system has been traced for over 12,000 feet and,
in several areas, obtains widths of up to 600 feet. Surface sampling by C3`s
geologists has returned results of up to 0.10 oz Au/ST as well as areas of
significant silver grades.

Early Stage Exploration Projects

Seven of the 10 early stage gold projects to be acquired by Aurelio are situated
along the Cortez-Carlin Trend, which conceptually links the Carlin and Battle
Mtn - Eureka Trends in a similar fashion as does the Getchell Trend to the
northwest (which hosts the Turquoise Ridge-Getchell gold mine that produced
approximately 165,000 oz Au during 2008).

Project Name Location # Claims Comments
Cortez-Carlin Eureka 934 Land position covers 30 miles of alteration, silicification and breccias containing anomalous gold at the surface.
Corridor County
Horse Creek Eureka 289 Property located east of the Cortez and Buckhorn gold mines; exploration target is Carlin-style mineralization associated with breccias at the contact between the upper and lower plates.
County
Safford Canyon Eureka 44 Located approximately 10 miles southwest of Newmont`s Gold Quarry mine; Carlin-type mineralization
County
Crescent Valley North Eureka 151 Claims cover a 100-ft wide vein system that has been traced for approximately three miles.
County
Sand Springs Eureka 78 Located north of the Rawhide gold mine; outcrops contain quartz veining and stock works with gold grades up to 0.15 oz/ST.
County
Robinson Creek Elko 91 Carlin-type mineralization - "Rain" model (targeting the contact between the Webb & Devils Gate Formations).
County
Indian Creek Elko 88 Similar geologic setting and exploration model to Robinson Creek.
County

Terms of the Agreement

The C3 Nevada Assets have been valued at US$4.75 million, and Aurelio will
acquire a 100% interest in the property portfolio in exchange for issuing
47,500,000 restricted common shares. The stock to be issued to C3 is valued at
US$0.10/share, which represents a 63 percent premium over the Company`s ten-day
volume weighted-average share price.

Completion of the transaction is subject to final due diligence and title
verification by Aurelio. The parties anticipate completing the transaction by
June 15, 2009.

There are no finder`s fees or commissions payable in regards to this
acquisition.

Upon completion of the Transaction, Aurelio will expand its Board of Directors
to six, with C3 to nominate three new directors.

Aurelio selected the C3 Nevada Assets from amongst numerous carefully reviewed
opportunities principally because the Company believes that the gold resource at
Iron Butte can be expanded through further drilling, and that the deposit could
be rapidly developed as an open pit heap leach gold mine. The other C3 projects
are believed to have excellent discovery potential.

This acquisition provides Aurelio with a major land position in several of the
major gold trends in Nevada.

On behalf of the Board of Directors,

Stephen B. Doppler
President & CEO
303-795-3030
800-803-1371

About the Company

Aurelio Resource Corporation holds a 3% NSR interest in the Hill (Arizona)
Copper-Zinc Project, which contains an estimated resource of 63.8 million tons
grading 0.56% copper-equivalent. Aurelio has also acquired the rights to
explore, and an option to purchase, the Gavilanes gold deposit in Durango,
Mexico.

For additional information, please visit our website www.AurelioResource.com.

Legal Notice Regarding Forward Looking Statements

Statements in this news release that are not historical are "forward-looking
statements" within the meaning of Section 27A of the Securities Act of 1933, as
amended and Section 21E of the Securities Exchange Act of 1934 as amended.
Forward-looking statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects," "plans,"
"anticipates," "believes," "intends," "estimates," "projects," "aims,"
"potential," "goal," "objective," "prospective" and similar expressions, or that
events or conditions "will," "would," "may," "can," "could" or "should" occur.
Such forward-looking statements include, among others, estimates of in-place
mineralized material at the Iron Butte project and whether any or all of this
material can be mined by open pit and processed by heap leaching methods,
depending on metallurgical testing; that the deposit remains open in all
directions. Information inferred from the interpretation of drilling results and
information concerning mineral resource estimates may also be deemed to be
forward-looking statements, as they constitute predictions of what might be
found to be present when and if a project is actually developed.

It is important to note that the Company's actual outcomes may differ materially
from those statements contained in this press release. Factors which may delay
or prevent these forward looking statements from being realized include: that we
may not be able to reach final agreement on definitive documents required
parties; misinterpretation of data; that we may not be able to keep our
qualified personnel; that funds expected to be received may not be; that our
estimates of mineral resources are inaccurate; uncertainties involved in the
interpretation of drilling results and other tests and the estimation of
resources; that we may not be able to get equipment or labor as we need it; that
we may not be able to raise sufficient funds to complete our intended
exploration, purchase, lease or option payments; that our applications to drill
may be denied; that weather, logistical problems or hazards may prevent us from
exploration; that analysis of data cannot be done accurately and at depth; that
results which we have found in any particular location are not necessarily
indicative of larger areas of our property; and that despite encouraging data
there may be no commercially exploitable mineralization on our properties.
Readers should refer to the risk disclosures outlined in the Company's
most-recent Form 10-K and Form 10-Q Reports filed with the Securities and
Exchange Commission.

Aurelio Resource Corporation
Dr. Fred Warnaars, 303-795-3030 or 800-803-1371
Chairman of the Board of Directors
Fax: 303-945-7270
dsj@aurelioresource.com

Copyright Business Wire 2009