NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN
THE UNITED STATES


Aurcana Corporation ("Aurcana" or the "Company") (TSX
VENTURE:AUN)(OTCQX:AUNFF)(PINK SHEETS:AUNFF) announces today that it has
increased the size of its previously announced C$25.4 million private placement
financing to C$30.0 million of units (each, a "Unit"). Each Unit consists of one
common share in the capital of the Company (the "Unit Shares") and one half of
one common share purchase warrant (each whole warrant, a "Warrant").  The
private placement offering (the "Offering") is being conducted through a
syndicate of agents led by RBC Capital Markets and including, BMO Capital
Markets, Dundee Securities Ltd. and Stonecap Securities Inc. (the "Agents"). In
addition, the Company has granted the Agents an option, exercisable in whole or
in part at any time up to 48 hours prior to closing of the Offering, to offer an
additional number of Units representing 15% of the Offering, on the same terms
as the Offering.


The Units are being offered and sold at a price of $0.65 per Unit. The sale of
46,200,000 Units will deliver gross proceeds of approximately C$30.0 million,
before expenses related to the Offering (C$34.5 million if the over-allotment
option is exercised in full). Each full Warrant will entitle the holder, on
exercise, to purchase one additional common share of the Company (a "Warrant
Share"), at a price of $1.00 at any time until the close of business on the day
which is 24 months from the date of issue of the Warrant. All securities issued
in connection with the Offering will be subject to a hold period in Canada
expiring on the day that is four months and one day from the closing of the
Offering. The net proceeds of the Offering will be used for ongoing construction
of the Shafter mine, mill expansion at the La Negra mine and for general
corporate purposes and working capital.


The Offering is currently expected to close on or about November 29, 2011,
subject to the satisfaction of customary closing conditions and acceptance from
the TSX Venture Exchange.


This news release does not constitute an offer to sell or a solicitation of an
offer to buy any of the securities in the United States. The offer and sale of
the Units has not been and will not be registered under the United States
Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state
securities laws and may not be offered or sold within the United States unless
(i) the offer and sale thereof is registered pursuant to an effective
registration statement under the U.S. Securities Act and applicable state
securities laws;  or (ii) an exemption from the registration requirements of the
U.S. Securities Act is available. The offer and sale of the Units in the United
States will be conducted in a private placement in reliance on Rule 506 of
Regulation D, promulgated under the U.S. Securities Act.  The Unit Shares and
Warrants sold to U.S. Persons (as that term is defined in Rule 902(k) of
Regulation S, promulgated under the U.S. Securities Act ("Regulation S")) and
shares of common stock underlying the Warrants sold to U.S. Persons may not be
reoffered or resold except (i) pursuant to an effective registration statement
under the U.S. Securities Act (ii) pursuant to the safe harbor from the
registration requirements of the U.S. Securities Act provided by Rule 904 of
Regulation S or (iii) pursuant to another applicable exemption from the
registration requirements of the U.S. Securities Act.


Corporate

The Company's common shares trade in Canada on the TSX Venture Exchange under
the symbol "AUN" and in the United States on the 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.


About Aurcana Corporation:

The Shafter Silver Mine is scheduled to start production within 6 months and it
is estimated that it will produce 3.8 million ounces silver in the first year of
operation. It has an NI 43-101 Measured and Indicated Resource of 24.6 million
ounces of silver and an Inferred Resource of 22.8 million ounces of silver using
a 4.0 ounce per ton cut off as set out in the Feasibility Study. 


The 92% owned La Negra silver-lead-zinc-copper mine has been operating since
2007 and has produced 1 million ounces of contained Silver over the last 4
quarters.  


The reader should be cautioned that the Company has not completed a feasibility
study on La Negra to confirm the projected production capacity for La Negra and
there is no certainty the Company's plans will be economically viable


ON BEHALF OF THE BOARD OF DIRECTORS OF AURCANA CORPORATION

Lenic Rodriguez, President & CEO

Caution Regarding Forward-Looking Statements - This news release contains
certain forward-looking statements, including statements regarding the business
and anticipated financial performance of the Company. These statements are
subject to a number of risks and uncertainties. Actual results may differ
materially from results contemplated by the forward-looking statements. Factors
that could cause actual results to differ materially from those in the
forward-looking statements include failure to close the Offering,  unsuccessful
exploration results, changes in metal prices, changes in the availability of
funding for mineral exploration and development, unanticipated changes in key
management personnel, general economic conditions, global economy, speculative
nature of exploration activities, periodic interruptions to exploration,
development and mining activities, environmental hazards and liability,
industrial accidents, failure of processing and mining equipment to perform as
expected, labour disputes, supply problems, uncertainty of production and cost
estimates, the interpretation of drill results and the estimation of mineral
resources and reserves, legal and regulatory proceedings and community actions,
title matters, regulatory restrictions, permitting and licensing. 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. 


The scientific and technical information contained in this news release has been
reviewed by Andy Nichols, P.Eng. Vice President of Operations of the Company,
and a Qualified Person ("QP") as defined by National Instrument 43-101
(Standards of Disclosure for Mineral Projects).
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