Aurora Energy Resources Inc. ("Aurora" or the "Company") (AXU:TSX) today acknowledged that Fronteer Development Group Inc. ("Fronteer") has issued a press release stating that Fronteer intends to make an offer (the "Fronteer Offer") to acquire all of the outstanding common shares of Aurora not already held by it on the basis of 0.825 of a Fronteer common share for each Aurora common share. Aurora understands that Fronteer holds approximately 42% of the outstanding Aurora common shares.

The Fronteer press release states that Fronteer anticipates the Fronteer Offer will be made by way of a formal offer and take-over bid circular to be mailed to all Aurora shareholders no later than January 30, 2009. Aurora’s Board of Directors has formed a Special Committee of directors who are independent of Fronteer and will evaluate the proposed Fronteer Offer. The Special Committee has retained National Bank Financial Inc. as its financial advisors and Ogilvy Renault LLP as its legal advisors.

Fronteer has not yet made any formal offer and no action is required by Aurora shareholders at this time. Aurora recommends that its shareholders defer making any decision with respect to the offer until the Aurora Board of Directors formally communicates to shareholders its position on any such offer. Aurora’s Board of Directors will advise Aurora shareholders of its position on any such offer by news release and directors’ circular, as required by applicable securities law.

ABOUT AURORA

Aurora is a uranium exploration and development company active in the Central Mineral Belt of coastal Labrador - one of the world's most promising uranium districts - and in Nunavut, Canada, where it has acquired an interest in the Baker Lake Basin property.

Aurora has no debt and approximately C$99 million in cash that is fully liquid and held with a large Canadian commercial bank.

Aurora is committed to responsible development, which includes community consultation, lasting local benefits and the highest standards of safety, health, and environmental protection.

For further information on Aurora, please contact:

Bruce Dumville, President & CEO

(PH) (709) 726-2223