Aurizon Reports Two Consecutive Quarters of Record Revenue

Shares Listed:
Toronto Stock Exchange - Ticker Symbol - ARZ
NYSE Amex: - Ticker Symbol - AZK
U.S. Registration: (File 001-31893)

VANCOUVER, Nov. 5 /PRNewswire-FirstCall/ - Aurizon reports financial results
for the third quarter of 2009, which have been prepared on the basis of
available information up to November 2, 2009. (To review the complete interim
unaudited financial statements and associated Management Discussion and
Analysis, which should be read in conjunction with the Company's most recent
audited annual financial statements, please visit the Company's website at
www.aurizon.ocm or view the Company's SEDAR filings at www.sedar.com).

The third quarter was highlighted by the following activities:

- Project debt of $21 million repaid in full and $28 million released
from restricted accounts.

- Revenues of $44.2 million, matching second quarter's record revenues.

- Cash flow from operating activities of $17.6 million, up 24% compared
to same quarter of 2008.

- Earnings of $8.2 million, or $0.05 per share, and adjusted earnings
of $7.7 million, or $0.05 per share.

- Gold production of 43,962 ounces, 10% higher than plan and 6% higher
than the same quarter of 2008.

- Total cash costs of US$392 per ounce, 3% lower than same quarter of
2008.

At September 30, 2009, Aurizon had cash balances of $108 million, working
capital of $95.4 million, and no bank debt.
"Aurizon produced another strong quarter of excellent operational performance
and significant cash flow. This is due to the commitment of our strong Quebec
team, which has experienced minimal turnover during the past year." said David
P. Hall, President and Chief Executive Officer. "As a result we are now debt
free and are in a strong financial position to pursue internal and external
growth initiatives."

FINANCIAL RESULTS

Third Quarter 2009

Earnings of $8.2 million, or $0.05 per share, were achieved in the third
quarter of 2009, compared to earnings of $7.1 million, or $0.05 per share, in
the same period of 2008. Results were positively impacted by non-cash
derivative gains of $0.6 million on an after tax basis. After adjusting for
this item, earnings for the quarter were $7.7 million, or $0.05 per share,
compared to adjusted earnings in the third quarter of 2008 of $4.3 million or
$0.03 per share. In 2008, operating results were positively impacted by
non-cash derivative gains of $2.8 million, on an after tax basis.
Revenue from Casa Berardi operations increased to $44.2 million in the third
quarter of 2009 from the sale of 43,650 ounces of gold, compared to $35.5
million from the sale of 40,228 ounces of gold in the same quarter of 2008, as
a result of more gold ounces sold, a weaker Canadian dollar and higher
realized gold prices. The average realized gold price was US$929 per ounce and
the average Cad/US exchange rate was 1.084, compared to realized prices of
US$845 per ounce at an average exchange rate of 1.04 in the same quarter of
2008. The 2009 average realized gold price includes the sale of 20,026 ounces
of gold at an average price of US$886 per ounce from the exercise of call
options, compared to 11,525 ounces of gold sold at an average price of US$832
per ounce from the exercise of call options in the third quarter of 2008.
Actual gold production in the quarter was 43,962 ounces, compared to 41,522
ounces in the same quarter of 2008.
Operating costs in the third quarter of 2009 totalled $19.0 million, while
depletion, depreciation and accretion ("DD&A") totalled $10.1 million. On a
unit cost basis, total cash costs per ounce of gold sold were US$392(1) and
DD&A was US$212 per ounce, for a total production cost of US$604 per ounce.
In the third quarter of 2009, the Company effectively reduced its exposure to
the gold call options sold by purchasing 16,614 ounces of call options
expiring in 2010 with an exercise price of US$863 per ounce. This purchase
effectively reduces by 25% the Company's ounces that are subject to call
options in 2010 and raises the average call price in 2010 from US$908 per
ounce to US$923 per ounce. The cost of the purchase, totalling $2.6 million,
has been reflected on the balance sheet as a derivative instrument asset and
changes in the fair value of the call options are reflected in earnings.
In the third quarter of 2009, a stronger Canadian dollar; the expiry of gold
call options and foreign exchange contracts; and the purchase of call options
to allow the participation in higher gold prices, partially mitigated by
rising gold prices; resulted in a non-cash derivative gain of $0.7 million.
Including the fair value of the gold call options purchased, the net
unrealized derivative liabilities at September 30, 2009, totalled $9.1 million
compared to net unrealized derivative liabilities of $25.4 million at December
31, 2008. In the same quarter of 2008, the non-cash gain was $3.5 million.
There are no margin requirements with respect to these derivative positions.
Administrative and general costs in the third quarter of 2009 were higher than
the same period of 2008 at $2.3 million, compared to $1.9 million. Excluding
non-cash stock based compensation charges, general and administrative costs
were $1.7 million in 2009 compared to $1.5 million in the same quarter of
2008.
Exploration and pre-feasibility expenditures of $0.7 million incurred in
respect of Joanna and Kipawa were charged to operations during the third
quarter of 2009, compared to $3.1 million in the same period of 2008.
Income and resource taxes totalled $4.7 million, of which $2.1 million are
current Quebec mining taxes and $2.6 million are future income taxes. The
future income taxes are a result of temporary differences between the tax and
accounting bases of the Company's assets and liabilities.
Foreign exchange gains totalling $0.4 million were realized in the third
quarter of 2009, compared to a gain of $0.8 million in the same quarter of
2008. The primary cause for the exchange gains in the third quarter of 2009
was the delivery of US$15.0 million dollars into foreign exchange contracts at
rates more favourable than the prevailing market rates.
Cash flow from operating activities increased 24% to $17.6 million in the
third quarter of 2009, compared to cash flow of $14.2 million in the same
period of 2008. A weaker Canadian dollar and higher realized US dollar gold
prices resulted in a 14% increase in realized Canadian dollar gold prices and
a wider operating profit margin in the third quarter of 2009, compared to the
same period last year.
Capital expenditures totalled $8.3 million in the third quarter, of which $4.0
million was on sustaining capital and $4.3 million was on exploration activity
at Casa Berardi.
A decision to repay the project debt in full in the third quarter resulted in
the release of restricted cash of $30.2 million which had been maintained in
accordance with the terms of the debt facility.
The Company received $3.3 million of Quebec refundable mining credits during
the third quarter of 2009.
Aggregate investing activities resulted in cash inflows of $22.6 million
during the third quarter of 2009, compared to outflows of $6.1 million in the
same period of 2008.
The project debt totalling $21.0 million was repaid in full on September 30,
2009. The exercise of incentive stock options provided $0.4 million, resulting
in a net cash outflow of $20.6 million from financing activities during the
third quarter of 2009. In the same period of 2008, financing activities
resulted in net cash outflows of $12.8 million.

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(1) See "Non-GAAP measures" on page 6.

Nine Months 2009

Earnings for the nine months ended September 30, 2009, were $26.8 million or
$0.17 per share, compared to earnings of $9.0 million or $0.06 per share in
the same period of 2008. Results were impacted by non-cash derivative gains of
$10.1 million on an after tax basis. After adjusting for this item, earnings
for the first nine months were $16.8 million, or $0.11 per share, compared to
adjusted earnings in the same period of 2008 of $9.6 million or $0.07 per
share, which included the impact of the recovery of defense costs of $3.2
million, on an after tax basis.
Cash flow from operating activities in the first nine months of 2009 totalled
$59.8 million, compared to cash flow of $48.7 million for the same period of
2008. Operating profit margin per ounce increased 13% to US$521(2) per ounce
for the nine months ended September 30, 2009, compared to US$462 per ounce in
the same period of 2008.
Investing activities in the first nine months of 2009 resulted in a net cash
outflow of $7.1 million, of which $29.0 million was incurred on capital and
exploration expenditures, $2.6 million spent purchasing gold call options,
whilst cash inflows were generated from the release of the restricted cash
balances totalling $21.2 million and $3.3 million from refundable mining
credits. In the same period of 2008, investing activities resulted in a net
cash outflow of $21.1 million of which $19.1 million was incurred on capital
expenditures, $3.7 million was transferred to restricted cash accounts, and
$1.6 million was received from refundable mining credits.
Financing activities during the first nine months of 2009 resulted in a net
cash inflow of $20.9 million due to the $47.3 million public equity financing
and $3.4 million from the exercise of incentive stock options, reduced by
principal debt repayments of $29.2 million and repayment of a $0.6 million
government assistance obligation. In the same period of 2008, financing
activities resulted in a net cash outflow of $37.4 million due to principal
debt repayments of $39.9 million, reduced by the exercise of incentive stock
options totalling $2.5 million.

CASH RESOURCES AND LIQUIDITY

As at September 30, 2009, cash balances increased to $108 million, compared to
$55.6 million at the beginning of the year. Included in the December 31, 2008
cash balances are restricted cash amounts in respect of the Casa Berardi debt
facility totalling $21.2 million.
In order to release the restricted cash balances and eliminate further annual
administrative fees associated with the project debt, the Company decided to
repay the project debt in full in September 2009 in advance of the final
scheduled payment in March 2010. The final principal payment of $21 million
was made in September thereby allowing the release of $28 million to the
Company's general account in the third quarter.
Aurizon had working capital of $95.4 million as at September 30, 2009,
compared to $24.1 million at the end of 2008. Reflected in working capital are
net derivative liabilities totalling $9.1 million compared to $13.3 million at
the end of 2008.
Long-term debt related to refundable government assistance and capital leases
totalled $0.7 million at September 30, 2009, compared to long-term debt of
$9.4 million at the beginning of the year, which included project debt of
$8.25 million.

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(2) See "Non-GAAP measures" on page 6.

CASA BERARDI

Casa Berardi produced 43,962 ounces of gold in the third quarter of 2009, and
43,650 ounces were sold at an average price US$929 per ounce. Since
commissioning the mill in November 2006, Casa Berardi has produced 458,832
ounces of gold.

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Operations
2009

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YTD Q3 Q2 Q1
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Operating results

Tonnes milled 516,333 178,420 170,429 167,484
Grade - grams/tonne 7.97 8.14 7.84 7.93
Mill recoveries - % 92.8% 94.2% 92.8% 91.3%
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Gold Production - ounces 122,802 43,962 39,874 38,966
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Gold sold - ounces 123,092 43,650 42,042 37,400
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Per ounce data - US$
Average realized gold price $906 $929 $897 $888
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Total cash costs(1) $385 $392 $386 $379
Amortization(2) 194 212 189 183
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Total production costs(3) $579 $604 $575 $562
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Operations
2008

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Q4 Q3 Q2 Q1
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Operating results

Tonnes milled 169,291 161,358 160,054 163,694
Grade - grams/tonne 7.70 8.58 7.73 8.63
Mill recoveries - % 91.5% 93.3% 92.7% 92.6%
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Gold Production - ounces 38,363 41,522 36,871 42,074
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Gold sold - ounces 38,348 40,228 41,217 39,611
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Per ounce data - US$
Average realized gold price $793 $845 $869 $877
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Total cash costs(1) $356 $405 $436 $422
Amortization(2) 226 211 210 191
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Total production costs(3) $582 $616 $646 $613
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Table footnotes:

(1) Operating costs net of by-product silver credits, divided by ounces
sold, and divided by the average Bank of Canada Cad$/US$ rate.
(2) Depreciation, depletion and accretion expenses divided by ounces
sold, and divided by the average Bank of Canada Cad$/US$ rate.
(3) Total cash costs plus depreciation, depletion and accretion expenses
per ounce of gold sold.

Ore throughput in the mill during the third quarter of 2009 increased to
178,420 tonnes from 161,358 tonnes in the same period of 2008 as a stable
daily production rate of 1,939 tonnes per day was achieved. An average ore
grade of 8.1 grams/tonne was achieved in the third quarter of 2009, in line
with plan. Mill recoveries averaged 94.2% in the third quarter of 2009. This
compares to ore grades of 8.6 grams/tonne and mill recoveries of 93.3% in the
third quarter of 2008.
Since March 2009, ore feed has been provided by three different zones
including the 113 Zone, the NW Zone, and the newly developed Lower Inter Zone,
thereby improving flexibility in the mining operations.
Total cash costs, on the basis of gold sold, were US$392 per ounce in the
third quarter of 2009, in line with plan, compared to US$405 per ounce in the
third quarter of 2008. A slightly weaker Canadian dollar in the third quarter
of 2009 was the primary factor for the lower unit costs compared to those
achieved in the same period of 2008. Unit mining costs in the third quarter of
2009 were $103 per tonne, similar to the same quarter of 2008 costs of $101
per tonne. Operating profit margin per ounce increased 22% to US$537 per ounce
from US$440 per ounce in the same quarter of 2008.

Casa Berardi Exploration

An aggressive exploration program is in progress at Casa Berardi, following
completion of the exploration drift at the 810 metre level, east of Zone 113
and south of the Casa Berardi fault. Drilling is in progress to test the depth
extension of Zone 113, the continuity and extension of zones previously
discovered by surface drilling in the Principal Zone area, the west extension
of the Lower Inter Zone, and along the dip extension of the East Mine with the
objective of delineating mineral resources. Ten surface and underground drill
rigs are currently active on site.
Recent drilling from the 280 metre level drift has targeted two parallel
zones, 124-1 and 124-2, approximately 20 to 30 metres apart, that have over
100 metres of strike length between a depth of 100 metres and 350 metres. The
drill results indicate high grade trends within the zones, with intersections
such as 59.4 grams of gold per tonne over 7.0 metres in Zone 124-1, and 16.2
grams of gold per tonne over 4.2 metres in Zone 124-2.
In addition, recent drilling from the new 810 metre level drift has returned
high grade intersections such as 16.8 grams of gold per tonne over 5.3 metres
and 18.9 grams of gold per tonne over 4.0 metres in Zone 120, located 650
metres east of the current production shaft.
For the remainder of 2009, $5.0 million will be invested at Casa Berardi for
exploration activities, including $ 2.2 million on underground development and
infrastructure.

OTHER PROPERTIES

Joanna Gold Property

Exploration activities in the first half of 2009 resulted in the discovery of
two new mineralized trends which were identified north and south of the main
Heva-Hosco gold bearing trend at Joanna. Both discoveries remain open on
strike and down dip. A winter program comprising 17,000 metres of drilling to
test the aforementioned targets and to optimise the mineral resources in the
Hosco block has been initiated. Two drill rigs are currently active and a
third rig is expected to be added before year end.
The pre-feasibility study on the Hosco block is nearing completion and is
subject to review by management. The study will incorporate the measured and
indicated resources of approximately 1.27 million ounces of gold, together
with the results of recently completed metallurgical tests. The study will
also be completed in accordance with the Company's global development
principles supporting technical, economic, environmental and social
considerations. During the quarter, various informational meetings were held
with all stakeholder groups in order to listen and understand their views. The
feedback was positive and recommendations have been incorporated into the
pre-feasibility study, results of which will be released shortly.

Kipawa Gold Property

A program of soil sampling in areas of interest contiguous to gold showings
identified in 2008 was completed in order to extend the known gold structures,
and better define gold targets. Upon analysis and evaluation of the results of
this program, a winter drill program may be initiated.

OUTLOOK

Based upon the first nine month results and the mine plan for the fourth
quarter, Casa Berardi remains on target to produce at the upper range of the
150,000 to 155,000 ounces of gold forecast at the beginning of the year. The
continued strength of the Canadian dollar and expected sequencing of lower ore
grades in the fourth quarter has resulted in a revision to the forecast total
cash costs of US$414 per ounce for the full year, assuming a Cad$/US$ exchange
rate of 1.05 in the fourth quarter 2009. Previous guidance for 2009 was US$405
per ounce assuming a Cad$/US$ exchange rate of 1.10 for the second half of
2009.
Sustaining capital costs at Casa Berardi for the remainder of 2009 are
estimated to total $4.1 million, including $3.6 million for the development of
the upper and lower portions of the 113 Zone and of the Lower Inter Zone and
$0.5 million on property, plant and mine equipment improvements. In addition,
a further $5.0 million will be spent on exploration.
The Company is in a strong financial position at September 30, 2009, with cash
balances of $108 million, working capital of $95.4 million, and no bank debt.
The outlook for gold remains positive which should provide strong profit
margins and operating cash flows from Casa Berardi and further strengthen
Aurizon's balance sheet while continuing to fund its planned exploration and
capital programs.
With the stability of operations at Casa Berardi providing significant cash
flow and a strong balance sheet, the Company continues to actively pursue
opportunities to enhance its growth profile.

NON-GAAP MEASURES

a) Calculation of Adjusted Earnings

Adjusted earnings are calculated by removing the gains and losses, net of
income tax, resulting from the mark-to-market revaluation of the Company's
gold and foreign currency price protection contracts, and defense recovery
costs, as detailed on the table below. Adjusted earnings do not constitute a
measure recognized by generally accepted accounting principles (GAAP) in
Canada or the United States, and do not have a standardized meaning defined by
GAAP. The Company discloses this measure, which is based on its financial
statements, to assist in the understanding of the Company's operating results
and financial position.

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3rd 3rd Nine Nine
Quarter Quarter Months Months
2009 2008 2009 2008
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(in thousands of Canadian dollars,
except per share amounts)

Earnings as reported $8,211 $7,108 $26,844 $8,975
Add (deduct) the after-tax
effect of:
Unrealized (gain) loss on
derivative instruments (560) (2,778) (10,065) 3,858
Recovery of defense costs - - - (3,220)
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Adjusted earnings $7,651 $4,330 $16,779 $9,613
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Adjusted earnings per share $0.05 $0.03 $0.11 $0.07
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b) Total Cash Costs per Gold Ounce

Aurizon has included a non-GAAP performance measure of total cash costs per
ounce of gold in this report. Aurizon reports total cash costs on a sales
basis. In the gold mining industry, this is a common performance measure, but
does not have any standardized meaning, and is a non-GAAP measure. The Company
believes that, in addition to conventional measures, prepared in accordance
with GAAP, certain investors use this information to evaluate the Company's
performance and ability to generate cash flow. Accordingly, it is intended to
provide additional information and should not be considered in isolation or as
a substitute for measures of performance prepared in accordance with GAAP.
Total cash costs per gold ounce are derived from amounts included in the
statements of earnings and include mine site operating costs such as mining,
processing and administration, but exclude amortization, reclamation costs,
financing costs and capital development costs. These costs are reduced by
silver by-product sales and then divided by gold ounces sold and the average
Bank of Canada Cad$/US$ exchange rate to arrive at the total cash operating
costs per ounce.

c) Unit Mining Costs per Tonne

Unit mining costs per tonne is a non-GAAP measure and may not be comparable to
data prepared by other gold producers. The Company believes that this
generally accepted industry measure is a realistic indication of operating
performance and is useful in allowing year over year comparisons. Unit mining
costs per tonne is calculated by adjusting operating costs as shown in the
Statements of Earnings and Comprehensive Income for inventory adjustments and
then dividing by the tonnes of ore processed through the mill.

d) Operating Profit Margins per Ounce

Operating profit margins per ounce are a non-GAAP measure, and are calculated
by subtracting the total cash costs per ounce from the average realized gold
price. For the quarter ended September 30, 2009, the average realized gold
price was US$929 less total cash costs of US$392 for a operating profit margin
of US$537 per ounce, compared to an average realized gold price of US$845 less
total cash costs of US$405 for a operating profit margin of US$440 per ounce
for the third quarter of 2008.
For the nine months ended September 30, 2009, the average realized gold price
was US$906 less total cash costs of US$385 for a operating profit margin of
US$521 per ounce, compared to an average realized gold price of US$880 less
total cash costs of US$418 for a operating profit margin of US$462 per ounce
for the same period of 2008.

Outstanding Share Data

As of November 2, 2009, Aurizon had 158,978,482 common shares issued and
outstanding. In addition, 7,979,225 incentive stock options, representing 5%
of outstanding share capital, are outstanding and exercisable into common
shares at an average price of $3.75 per share.

Common Shares
(TSX - ARZ & NYSE Amex - AZK)
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September 30, December 31,
2009 2008
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Issued 158,937,732 148,068,298
Fully-diluted 166,757,707 156,586,548
Weighted average 158,862,732 147,707,642
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Qualified Person and Quality control

Information of a scientific or technical nature was prepared under the
supervision of Michel Gilbert, P. Eng., Executive Vice-President, Operations
of Aurizon and a qualified person under National Instrument 43-101.

Conference Call

Aurizon Management will host a conference call and live webcast for analysts
and investors on Thursday, November 5, 2009 at 11:00 a.m. Pacific Standard
Time (2:00 p.m. Eastern Standard Time) to review the results. You may access
the call by calling the operator at 416-644-3418 or toll free access at
1-800-587-1893 ten (10) minutes prior to the scheduled start time.
The call is being webcast and can be accessed at Aurizon's website at
www.aurizon.com or enter the following URL into your web browser:
http://www.newswire.ca/en/webcast/viewEvent.cgi?eventID=2847020. Those who
wish to listen to a recording of the conference call at a later time may do so
by calling 416-640-1917 or 1-877-289-8525 (Passcode 4173202 followed by the
number sign). This playback version of the call will be available until
Thursday, November 12, 2009.

Forward Looking Statements and Information

This report contains "forward-looking statements" and "forward-looking
information" within the meaning of applicable securities regulations in Canada
and the United States (collectively, "forward-looking information"). The
forward-looking information contained in this report is made as of the date of
this report. Except as required under applicable securities legislation, the
Company does not intend, and does not assume any obligation, to update this
forward-looking information. Forward-looking information includes, but is not
limited to, statements with respect to anticipated rates of recovery, timing
and amount of future production, anticipated total cash cost per ounce of gold
to be produced at the Casa Berardi Mine, currency exchange rates, the future
price of gold and the effects thereof, the estimation of mineral reserves and
mineral resources, the realization of mineral reserve and mineral resource
estimates and the economic viability thereof, the timing and amount of
estimated capital expenditures, costs and timing of the development of new
deposits, plans and budgets for and expected timing and results of exploration
activities, permitting time-lines, requirements for additional capital,
government regulation of mining operations, environmental risks, reclamation
obligations and expenses, title disputes or claims, adequacy of insurance
coverage, the availability of qualified labour, acquisition plans and
strategies, and the payment of dividends in the future. Often, but not always,
forward-looking information can be identified by the use of words such as
"plans", "expects, "is expected", "budget", "scheduled", "estimates",
forecasts", "intends", "anticipates", or "believes", or the negatives thereof
or variations of such words and phrases or statements that certain actions,
events or results "may", "could", "would", "might", or "will" be taken, occur
or be achieved.
The forward-looking information contained in this report is based on certain
assumptions that the Company believes are reasonable, including the exchange
rates of the U.S. and Canadian currency in 2009, that the current price of and
demand for gold will be sustained or will improve, the supply of gold will
remain stable, that the current mill recovery rates at the Company's Casa
Berardi Mine will continue, that the Company's current mine plan can be
achieved, that the general business and economic conditions will not change in
a material adverse manner, that financing will be available if and when needed
on reasonable terms and that the Company will not experience any material
accident, labor dispute, or failure of plant or equipment.
However, forward-looking information involves known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different from any
future results, performance or achievements expressed or implied by the
forward-looking information. Such factors include, among others, the risk that
actual results of exploration activities will be different than anticipated,
that cost of labour, equipment or materials will increase more than expected,
that the future price of gold will decline, that the Canadian dollar will
strengthen against the U.S. dollar, that mineral reserves or mineral resources
are not as estimated, that actual costs or actual results of reclamation
activities are greater than expected; that changes in project parameters as
plans continue to be refined may result in increased costs, of lower rates of
production than expected, of unexpected variations in ore reserves, grade or
recover rates, of failure of plant, equipment or processes to operate as
anticipated, of accidents, labour disputes and other risks generally
associated with mining, unanticipated delays in obtaining governmental
approvals or financing or in the completion of development or construction
activities, as well as those factors and other risks more fully described in
Aurizon's Annual Information Form filed with the securities commission of all
of the provinces and territories of Canada and in Aurizon's Annual Report on
Form 40-F filed with the United States Securities and Exchange Commission,
which are available on Sedar at www.sedar.com and on Edgar at www.sec.gov/.
Although the Company has attempted to identify important factors that could
cause actual actions, events or results to differ materially from those
described in forward-looking information, there may be other factors that
cause actions, events or results not be as anticipated, estimated or intended.
There can be no assurance that forward-looking information will prove to be
accurate, as actual results and future events could differ materially from
those anticipated in such statements. Readers are cautioned not to place undue
reliance on forward-looking information due to the inherent uncertainty
thereof.

Aurizon is a gold producer with a growth strategy focused on developing its
existing projects in the Abitibi region of north-western Quebec, one of the
world's most prolific gold and base metal regions, and by increasing its asset
base through accretive transactions. Aurizon shares trade on the Toronto Stock
Exchange under the symbol "ARZ" and on the NYSE Amex under the symbol "AZK".
Additional information on Aurizon and its properties is available on Aurizon's
website at www.aurizon.com.

Aurizon Mines Ltd.
Balance Sheets (unaudited) - as at

September December
(in thousands of Canadian dollars) 30 2009 31 2008
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$ $
ASSETS

CURRENT

Cash and cash equivalents 108,005 34,337
Restricted cash - 21,225
Accounts receivable and prepaid expenses 4,755 4,419
Refundable tax credits and mining duties 2,003 5,301
Derivative instrument assets 3,666 412
Inventories 10,130 10,145
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128,559 75,839
Derivative instrument assets - 1,420
Other assets 2,025 1,553
Property, plant & equipment 54,940 54,761
Mineral properties 125,545 124,378
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TOTAL ASSETS 311,069 257,951
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LIABILITIES

CURRENT

Accounts payable and accrued liabilities 16,743 15,067
Derivative instrument liabilities 12,757 13,727
Current portion of long-term debt 658 21,663
Current provincial mining taxes payable 3,048 1,302
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33,206 51,759
Derivative instrument liabilities - 13,474
Long-term debt 700 9,430
Asset retirement obligations 21,733 20,905
Future income tax liabilities 30,659 17,442
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TOTAL LIABILITIES 86,298 113,010
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SHAREHOLDERS' EQUITY
Share capital 247,048 194,647
Contributed surplus 979 872
Stock based compensation 9,491 9,013
Deficit (32,747) (59,591)
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TOTAL SHAREHOLDERS' EQUITY 224,771 144,941
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TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 311,069 257,951
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Aurizon Mines Ltd.
Statements of Earnings and Comprehensive Income (unaudited)

Three months ended Nine months ended
September 30 September 30
(in thousands, except per share
amounts, of Canadian dollars) 2009 2008 2009 2008
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$ $ $ $
REVENUE
Mining operations 44,167 35,502 129,957 106,935
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EXPENSES
Operating 18,989 17,025 55,739 52,015
Depreciation, depletion and
accretion 10,147 8,835 27,940 25,045
Administrative and general 2,250 1,866 7,665 7,656
Exploration costs 729 3,133 2,699 8,401
Unrealized derivative (gains)
losses (715) (3,451) (13,658) 4,792
Interest on long-term debt 159 568 542 2,333
Foreign exchange (gain) loss (427) (789) 2,388 (1,887)
Capital taxes 270 136 668 262
Other income (151) (501) (605) (5,803)
-------------------------------------------------------------------------
31,251 26,822 83,378 92,814
-------------------------------------------------------------------------
Earnings for the period before
income taxes 12,916 8,680 46,579 14,121
Current provincial mining taxes (2,101) (339) (6,518) (836)
Future income tax recovery
(expense) relating to provincial
mining taxes 189 175 (963) (1,767)
Future income tax expense (2,793) (1,408) (12,254) (2,543)
-------------------------------------------------------------------------
Earnings and comprehensive income
for the period 8,211 7,108 26,844 8,975
-------------------------------------------------------------------------
Earnings per share - basic and
diluted 0.05 0.05 0.17 0.06
-------------------------------------------------------------------------
-------------------------------------------------------------------------
Weighted average number of common
shares outstanding (thousands) 158,863 147,986 155,358 147,604
-------------------------------------------------------------------------
-------------------------------------------------------------------------

Aurizon Mines Ltd.
Statements of Deficit (unaudited)

Three months ended Nine months ended
September 30 September 30
(in thousands of Canadian dollars) 2009 2008 2009 2008
-------------------------------------------------------------------------
$ $ $ $
Deficit - Beginning of period as
previously reported (40,958) (62,645) (59,591) (69,006)
Retrospective adoption of new
accounting standard - - - 4,494
-------------------------------------------------------------------------
Deficit - as adjusted (40,958) (62,645) (59,591) (64,512)
Earnings for the period 8,211 7,108 26,844 8,975
-------------------------------------------------------------------------
Deficit - end of period (32,747) (55,537) (32,747) (55,537)
-------------------------------------------------------------------------
-------------------------------------------------------------------------

Aurizon Mines Ltd.
Statements of Cash Flow (unaudited)

Three months ended Nine months ended
September 30 September 30
(in thousands of Canadian dollars) 2009 2008 2009 2008
-------------------------------------------------------------------------
$ $ $ $
CASH PROVIDED BY (USED IN)
OPERATING ACTIVITIES
Earnings for the period 8,211 7,108 26,844 8,975
Adjustments for non-cash items:
Depreciation, depletion, and
accretion 10,147 8,835 27,940 25,045
Refundable tax credits (127) (554) (472) (1,469)
Loss (gain) on sale of
property, plant and equipment - - 34 (11)
Stock based compensation 516 401 2,081 2,295
Unrealized non-hedge derivative
(gains) losses (715) (3,451) (13,658) 4,792
Future income tax expense
(recovery) relating to mining
duties (189) (175) 963 1,767
Future income tax expense 2,793 1,408 12,254 2,543
-------------------------------------------------------------------------
20,636 13,572 55,986 43,937
Decrease (increase) in non-cash
working capital items (3,069) 605 3,854 4,767
-------------------------------------------------------------------------
17,567 14,177 59,840 48,704
-------------------------------------------------------------------------

CASH PROVIDED BY (USED IN)
INVESTING ACTIVITIES
Property, plant and equipment (1,751) (1,849) (9,473) (5,137)
Mineral properties (6,571) (6,842) (19,489) (13,952)
Restricted cash proceeds
(funding) 30,208 450 21,225 (3,692)
Refundable tax credits 3,298 2,175 3,298 1,640
Derivative instruments (2,620) - (2,620) -
-------------------------------------------------------------------------
22,564 (6,066) (7,059) (21,141)
-------------------------------------------------------------------------

CASH PROVIDED BY (USED IN)
FINANCING ACTIVITIES
Issuance of shares, net of costs 358 149 50,705 2,481
Long-term debt (20,951) (12,985) (29,818) (39,866)
-------------------------------------------------------------------------
(20,593) (12,836) 20,887 (37,385)
-------------------------------------------------------------------------
INCREASE (DECREASE) IN CASH AND
CASH EQUIVALENTS 19,538 (4,725) 73,668 (9,822)
CASH AND CASH EQUIVALENTS -
BEGINNING OF PERIOD 88,467 19,739 34,337 24,836
-------------------------------------------------------------------------
CASH AND CASH EQUIVALENTS - END
OF PERIOD 108,005 15,014 108,005 15,014
-------------------------------------------------------------------------
-------------------------------------------------------------------------

SOURCE Aurizon Mines Ltd.

AURIZON MINES LTD., Suite 3120, 666 Burrard Street, Park Place, Vancouver,
British Columbia, V6C 2X8, David P. Hall, President, or Ian S. Walton, Chief
Financial Officer, at Telephone: (604) 687-6600, Toll Free: 1-888-411-GOLD,
Fax: (604) 687-3932, Web Site: www.aurizon.com, Email: info@aurizon.com; or
Renmark Financial Communications Inc., 2080 Rene-Levesque Blvd., West
Montreal, QC, H3H 1R6, Barry Mire: bmire@renmarkfinancial.com; Maurice
Dagenais: mdagenais@renmarkfinancial.com; Media: Valerie Lacasse:
vlacasse@renmarkfinancial.com, Tel: (514) 939-3989, Fax: (514) 939-3717