Aurogin and Morgain sign amalgamation agreement

Further to their joint news release dated March 5, 2007, Aurogin Resources and Morgain Minerals have signed a formal Amalgamation Agreement aimed at creating a new, growth oriented gold producer to be called Castle Gold.  The Boards of Directors of both Aurogin and Morgan unanimously approved the Amalgamation Agreement and are recommending the transaction to their shareholders. The transaction requires the approval of at least two-thirds of the votes cast by both Aurogin’s and Morgain’s respective shareholders, and is subject to all requisite regulatory and court approvals and the satisfaction of all conditions precedent and other conditions customary in transactions of this nature. 

Aurogin is currently a Canadian junior gold producer focused on the acquisition and development of profitable gold deposits in the Americas. Its 50% owned El Sastre Main Zone gold mine is only one part of the overall El Sastre project, an expanding resource that includes at least four mineralized zones. 

Morgain is a Vancouver based emerging gold exploration and development company focused on the acquisition and development of profitable gold mines in Mexico.  Morgain is currently developing its 100% owned Castillo gold project located in the State of Durango, Mexico.