Aurcana's Shafter Project to be Placed on Care and Maintenance

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 19, 2013) - Aurcana Corporation ("Aurcana" or the "Company") (TSX VENTURE:AUN)(OTCQX:AUNFF) wishes to provide an update as to the status of its Shafter Project. The Aurcana Board of Directors, after careful consideration and review of the development and mining options for the Shafter Project under current economic conditions and low silver prices, has elected to put the Shafter Project on "care and maintenance". Employees were notified Wednesday, December 18, 2013.

Aurcana is planning to initiate an exploration program designed to test targets within Shafter's known mineralized areas in further detail, to help determine whether additional higher grade mineralization can be delineated. Aurcana geologists have identified areas of interest to justify such a program.

Lenic Rodriguez, Aurcana's President and CEO, states "Aurcana's management and its board of directors are very disappointed that in spite of many of our employees' best efforts, the prevailing economic conditions, in particular low silver prices, have caused the Company to suffer significant losses from the Shafter Project's operations, resulting in an unsustainable drain on the Company's treasury. We wish to thank all our employees and stakeholders for their efforts and support."

As a result of the decision to place the Shafter Project on care and maintenance, the Company has determined that it will not immediately proceed with the planned updated resource estimate on the Shafter Project which was referenced in the Company's news release dated December 12, 2013.

Aurcana's board of directors and senior management have elected to take a 20 per cent reduction in compensation as part of an on-going cost reduction program.

Mr. Andrew Kaczmarek, a qualified person (as defined in National Instrument 43-101) and the Company's Chief Operating Officer, has reviewed and approved the scientific and technical information contained in this release.

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.

About Aurcana Corporation

Aurcana Corporation is a primary silver producing company with two mines: the La Negra Mine in Mexico and the Shafter Mine in Texas, US. The Company is positioned to grow organically from its existing mines in its pursuit to become an emerging silver producer.