Aurum Resource and Asset Management Prepares to Begin Exploration on its First Gold Project

Aurum Resource and Asset Management Inc. ARMI today is very pleased to announce that the Company is preparing to commence an exploration program on its first project in the gold sector.

This inaugural project is located in Southwest Arizona, within a prolific, historical mining district. Past production in the area has amounted to in excess of 600,000 ounces, within close proximity to the Company's claims and holdings.

Aurum has completed a surface site inspection that has confirmed the potential for the claims to host a significant resource of gold bearing, placer and alluvial gravel from surface to an unknown depth. It will be the focus of the Phase 1 exploration program to evaluate these deposits, by excavating trenches, drilling surface holes and extensive sampling of the gold bearing gravels. The Company believes the claims contain enough pay gravels to host a commercial viable gold production operation. Once the Phase 1 program has been completed, the Company intends to commission a third-party engineering report compliant with the various regulatory agencies that will calculate the contained ounces, grade and tons of gold bearing material.