AuRico Gold Announces Settlement of McKenna Class Action

           AuRico Gold Announces Settlement of McKenna Class Action

  PR Newswire

  TORONTO, November 6, 2012

TORONTO, November 6, 2012 /PRNewswire/ --

AuRico Gold Inc. (TSX:AUQ) (NYSE: AUQ), ("AuRico" or "the Company") today
announced that it has entered into a settlement agreement related to a
previously disclosed class action lawsuit pending in the Ontario Superior
Court and initiated by Edward J. McKenna in 2008 against the Company and
certain of its directors, officers and underwriters. The
settlementagreement, which provides for payment of $13.25 million to the
settlement class, does not contain any admission of wrongdoing and is subject
to certain conditions, including court approval.

About AuRico Gold

AuRico Gold is a leading Canadian gold producer with a diversified portfolio
of high quality mines and projects in North America that have significant
production growth and exploration potential. Following the divestiture of
Ocampo, the Company will be focused on its core operations including the
Young-Davidson gold mine in northern Ontario which declared commercial
production on September 1 ^st , 2012 and the El Chanate mine in Sonora State.
AuRico's strong project pipeline also includes advanced development
opportunities in Mexico and British Columbia. AuRico's head office is located
in Toronto, Ontario, Canada

                             Cautionary Statement

Certain information included in this news release constitutes forward-looking
statements, including any information as to our projects, plans and future
financial and operating performance. All statements, other than statements of
historical fact, are forward-looking statements. The words "expect",
"believe", "anticipate", "will", "intend", "estimate", "forecast", "budget",
"schedule" and similar expressions identify forward-looking statements.
Forward-looking statements are necessarily based upon a number of factors and
assumptions that, while considered reasonable by management, are inherently
subject to significant business, economic and competitive uncertainties and
contingencies. Known and unknown factors could cause actual results to differ
materially from those projected in the forward-looking statements. Such
factors include, but are not limited to: changes to current estimates of
mineral reserves and resources; fluctuations in the price of gold and silver;
changes in foreign exchange rates (particularly the Canadian dollar, Mexican
peso and U.S. dollar); the impact of inflation; changes in our credit rating;
employee relations; litigation; disruptions affecting operations; availability
of and increased costs associated with mining inputs and labor; development
delays at the Young-Davidson mine; technical challenges associated with the
construction of capital projects; operating or technical difficulties in
connection with mining or development activities; inherent risks associated
with mining and mineral processing; the risk that the Young-Davidson, El
Chanate and Ocampo mines and may not perform as planned; the ability to
realize the perceived benefits from the acquisition of Capital Gold and
Northgate; the ability to complete the sale of the Ocampo mine; uncertainty
with the Company's ability to secure capital to execute its business plans;
the speculative nature of mineral exploration and development, including the
risks of obtaining necessary licenses and permits; contests over title to
properties; changes in national and local government legislation in Canada,
Mexico and other jurisdictions in which the company does or may carry on
business in the future; risk of loss due to sabotage and civil disturbances;
risks arising from holding derivative instruments; business opportunities that
may be pursued by, the company; and the ability of the company to successfully
integrate acquisitions. Many of these uncertainties and contingencies can
affect our actual results and could cause actual results to differ materially
from those expressed or implied in any forward-looking statements made by, or
on behalf of, us. Readers are cautioned that forward-looking statements are
not guarantees of future performance. All of the forward-looking statements
made in this second quarter report are qualified by these cautionary
statements. Specific reference is made to the most recent Form 40-F/Annual
Information Form on file with the SEC and Canadian provincial securities
regulatory authorities for a discussion of some of the factors underlying
forward-looking statements. The company disclaims any intention or obligation
to update or revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by applicable law.

For further information: please visit the AuRico Gold website at
http://www.auricogold.com or contact:Trent Mell Executive Vice President,
Corporate Affairs AuRico Gold Inc. +1-647-260-8880Anne Day Vice President,
Investor Relations and Communications AuRico Gold Inc. +1-647-260-8880 (AUQ.
AUQ)
 
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