Aurcana Announces Proposed Share Consolidation

Aurcana Announces Proposed Share Consolidation 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 02/13/13 -- Aurcana
Corporation ("Aurcana" or the "Company") (TSX
VENTURE:AUN)(OTCQX:AUNFF)(PINKSHEETS:AUNFF) is pleased to announce
that is proposing a consolidation of its issued and outstanding
common shares on the basis of one (1) post-consolidation common share
for every eight (8) pre-consolidation common shares.  
"After carefully considering Aurcana's growth and strategic
objectives, we believe that a consolidation could provide significant
benefits to the company and its shareholders. This change may open
the door to a large base of potential new investors and will qualify
the company for a possible dual listing on a U.S. or other major
stock exchange. This is an important step in Aurcana's strategic
efforts to become a senior silver producer," said Mr. Lenic
Rodriguez, President & CEO. 
Rationale  
A share consolidation of the company's issued and outstanding common
shares is in line with Aurcana's strategic and growth objectives to
become a major senior silver producer.  
This action has no impact on the company's value or future cash
flows.   
While there are no guarantees, there may be important benefits that
the proposed consolidation could provide, including: 


 
--  A higher post consolidation price per share could make Aurcana eligible
    for investment by a large base of potential new investors, who cannot
    otherwise invest below a minimum per share value. 
--  A larger investors pool may also result in a possible increase in
    trading volumes. 
--  A higher post consolidation price per share could also improve the
    company's ability to pursue a dual listing on a major exchange and
    finance in the market, if warranted in the future. 
--  An increase in the share price in absolute dollar terms may improve the
    market perception of Aurcana's stock. 
--  The proposed consolidation could also align the company's number of
    outstanding shares relative to its peers. 

 
If approved, the Consolidation would reduce the Company's 467,157,647
issued and outstanding Common Shares to approximately 58,394,706
Common Shares. The exercise or conversion price of outstanding stock
options and warrants would be proportionately adju
sted based upon the
same consolidation ratio. The company name will remain unchanged
after the consolidation.  
The proposed Consolidation is subject to the approval of the TSX
Venture Exchange and Aurcana's shareholders.  
Full details regarding the proposed consolidation will be included in
the information circular to be mailed to all Aurcana shareholders of
record on February 26, 2013 and posted on www.SEDAR.com in connection
with the Special Meeting of Shareholders, which is scheduled to be
held on Thursday, March 28, 2013. 
About Aurcana Corporation 
Arcana Corporation is an emerging senior silver producer with two
operating mines located in Mexico and Texas, United States.  
La Negra Mine, Mexico, current installed capacity is 2,500tpd. In
order to allow for an increase in future production, La Negra mine is
now working to increase mill capacity to 3,000tpd by the end of Q1,
2013.  
La Negra has a NI 43-101 M&I resource of 115.1 million (mm) oz
silver, 1,418.7 mm lbs zinc, 539.5 mm lbs lead and 269.5 mm lbs
copper and an Inferred Resource of 56.5 mm oz silver, 657.4 mm lbs
zinc, 263.0 mm lbs. lead and 132.3 mm lbs copper.  
Commissioning and mill testing of the Shafter Mine in Texas commenced
on April 1, 2012 and commencement of commercial production was
achieved in December 2012. The Shafter Silver Mine, according to the
data from the published feasibility study, is expected to produce 3.8
million ounces of silver over 12 months once ramp up to its 1,500tpd
capacity is completed.  
Shafter has a NI 43-101 M&I Resource of 23.9 mm oz of silver and an
Inferred Resource of 22.8 mm oz of silver. (All National Instrument
43-101 technical reserve reports can be found on SEDAR at:
www.sedar.com). Aurcana continues to focus on its future growth. 
Corporate  
The Company's shares are also traded in the United States on OTCQX
under the symbol "AUNFF". Investors can find current financial
disclosure and Real-Time Level 2 quotes for the Company on
www.otcqx.com and www.otcmarkets.com. 
ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION 
Lenic Rodriguez, President & CEO 
NR-13-5 
The scientific and technical information contained in this news
release regarding the Shafter Silver Mine has been reviewed by Dr.
Sadek El-Alfy, PhD, Vice President Operations, a Qualified Person
("QP") according to the definitions of NI 43-101.  
Baltazar Solano-Rico and Betty Gibbs have reviewed the technical
information reported in the National Instrument 43-101 technical
reports regarding the La Negra Silver Mine. All National Instrument
43-101 technical reports can be found on the Company's website at
www.aurcana.com or on SEDAR at www.sedar.com.  
Baltazar Solano-Rico (M.Sc., Geol. Eng.) and Mrs. Betty Gibbs (E.M.,
MSc.) of Behre Dolbear are the independent Qualified Persons pursuant
to NI 43-101 for the Company. Mr. Nils von Fersen (PGeo), Vice
President, Exploration is also certified Qualified Person of the
company. The technical contents of this release have also been
reviewed by Nils von Fersen for QP technical disclosures.  
This news release contains certain forward-looking statements,
including statements regarding forecast silver production, silver
grades, recoveries, potential mineralization, exploration results,
future plans and objectives of the Company and the business and
anticipated financial performance of the Company. These statements
are forward-looking statements that involve various risks and
uncertainties. These forward-looking statements include, but are not
limited to, statements with respect to mining and processing of mined
ore, achieving projected recovery rates, anticipated production rates
and mine life, operating efficiencies, costs and expenditures,
changes in mineral resources and conversion of mineral resources to
proven and probable reserves, and other information that is based on
forecasts of future operational or financial results, estimates of
amounts not yet determinable and assumptions of management. 
Exploration results that include geophysics, sampling and drill
results on wide spacings may not be indicative of the occurrence of a
mineral deposit. Such results do not provide assurance that further
work will establish sufficient grade, continuity, metallurgical
characteristics and economic potential to be classified as a category
of mineral resource. A mineral resource which is classified as
"inferred" or indicated" has a great amount of uncertainty as to its
existence and economic and legal feasibility. It cannot be assumed
that any or part of an "indicated mineral resource" or "inferred
mineral resource" will ever be upgraded to a higher category of
resource. Investors are cautioned not to assume that all or any part
of mineral deposits in these categories will ever be converted into
proven and probable reserves. 
Any statements that express or involve discussions with respect to
predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance (often, but not always,
using words or phrases such as "expects" or does not expect", "is
expected", anticipates" or "does not anticipate" "plans", "estimates"
or "intends" or stating that certain actions, events or results "
may", "could", "would", "might
" or "will" be taken, occur or be
achieved) are not statements of historical fact and may be
"forward-looking statements". Forward-looking statements are subject
to a variety of risks and uncertainties which could cause actual
events or results to materially differ from those reflected in the
forward-looking statements.  
Actual results may differ materially from results contemplated by the
forward-looking statements. Important factors that could differ
materially from the Company's expectations include, among others,
risks related to international operations, unsuccessful exploration
results, conclusions of economic evaluations and changes in project
parameters as plans continue to be refined as well as changes in
metal prices, changes in the availability of funding for mineral
exploration and development, unanticipated changes in key management
personnel and general economic conditions. When relying on
forward-looking statements to make decisions, investors and others
should carefully consider the foregoing factors and other
uncertainties and should not place undue reliance on such
forward-looking statements. The Company does not undertake to update
any forward-looking statements, oral or written, made by itself or on
its behalf. Accordingly, readers should not place undue reliance on
forward-looking statements. 
Neither the TSX Venture Exchange nor its Regulation Services Provider
(as that term is
 defined in the policies of the TSX Venture Exchange)
accepts responsibility for the adequacy or accuracy of this release. 
Contacts:
Aurcana Corporation
Lenic Rodriguez
President and CEO
(604) 331-9333 or Toll Free: (866) 532-9333 
Aurcana Corporation
Catalin Chiloflischi
Corporate Communications Director
(604) 331-9333 or Toll Free: (866) 532-9333
(604) 633-9179 (FAX)
ir@aurcana.com
www.aurcana.com 
StrataStar Group
Gary Lindsey
720-273-6224
gary@strata-star.com