AuRico Gold Announces the Completion of $300 Million Substantial Issuer Bid

 AuRico Gold Announces the Completion of $300 Million Substantial Issuer Bid

  PR Newswire

  TORONTO, January 29, 2013

TORONTO, January 29, 2013 /PRNewswire/ --

(all amounts are in US dollars unless otherwise indicated)

AuRico Gold Inc. (TSX: AUQ) (NYSE: AUQ) , ("AuRico" or the "Company")
announced today that it has taken up and paid for 36,144,578 common shares
("Shares") at a price of $8.30 per Share (the "Purchase Price") under the
Company's "modified Dutch auction" substantial issuer bid to purchase for
cancellation up to $300,000,000 of its Shares (the "Offer").

The Shares purchased represent approximately 12.8% of the Shares outstanding
on an undiluted basis as of January 23, 2013 (the expiry date of the Offer).
After giving effect to the purchase, as of that date, AuRico had 246,395,391
Shares issued and outstanding on an undiluted basis.

Shareholders that validly tendered at the Purchase Price had approximately
34.3% of their tendered Shares purchased by AuRico, except that "odd lot"
tenders (of fewer than 100 Shares) at the Purchase Price were not subject to

In accordance with the terms of the Offer, Shares tendered under an auction
tender at a price higher than the Purchase Price were not purchased. Any
Shares not purchased under the Offer, including Shares tendered at prices
higher than the Purchase Price or invalidly deposited, will be returned to
shareholders promptly by Computershare Investor Services Inc. (the
"Depositary"), as depositary for the Offer.

Payment and settlement of the purchased Shares will be effected to registered
shareholders by the Depositary on or about January 31, 2013 in accordance with
the settlement procedures described in the Offer.

RBC Dominion Securities Inc. and, RBC Capital Markets, LLC acted as dealer
managers in connection with the Offer in Canada and the United States,
respectively, and as financial advisor to AuRico.

About AuRico Gold

AuRico Gold is a leading Canadian gold producer with mines and projects in
North America that have significant production growth and exploration
potential. The Company is focused on its core operations including the
Young-Davidson gold mine in northern Ontario, which declared commercial
production on September 1, 2012 and the El Chanate mine in Sonora State,
Mexico. AuRico's 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; changes in
foreign exchange rates (particularly the Canadian dollar, Mexican peso and
U.S. dollar); the impact of inflation; changes in our credit rating; any
decisions to implement a dividend; employee relations; litigation; disruptions
affecting operations; availability of and increased costs associated with
mining inputs and labor; development delays at the Young-Davidson mine;
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, and El Chanate mine and may not perform as
planned; 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; the impact of global liquidity and credit availability and
the values of assets and liabilities based on projected future cash flows;
risks arising from holding derivative instruments; business opportunities that
may be pursued by the Company 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 press release 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: For further information please visit the AuRico Gold
website at or contact:Scott Perry President & Chief
Executive Officer AuRico Gold Inc. +1-647-260-8880Anne Day Vice President,
Investor Relations and Communications AuRico Gold Inc. +1-647-260-8880
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