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[tribun02]

Aumega optioning Star prospect in B.C.


Aumega Discoveries Ltd (TSX-V:AUM)
Shares Issued 10,535,063
Last Close 8/15/2005 $0.485
Monday August 15 2005 - News Release

Mr. Stephen Stanley reports

AUMEGA DISCOVERIES ACQUIRES THE STAR COPPER, PLATINUM, PALLADIUM PROJECT IN BC

Aumega Discoveries Ltd. has signed an option agreement with Ursula Mowat on the Star copper, platinum and palladium property. The Star property is located in north-central British Columbia beside the road to the Northgate Kemess copper mine and consists of 15 claims (244 units) covering 6,950 hectares (17,174 acres).

Mineralization on the Star property covers the Polaris ultramafic complex, a differentiated Alaskan-type intrusive body. The complex is approximately elliptical and extends for more than 20 kilometres along its longest axis. Mineralization consists of disseminated chalcopyrite with associated pyrrhotite and pentlandite. Assays from work to date indicate anomalous platinum, palladium and gold values associated with the sulphide mineralization in approximately 10 flat-lying zones of pyroxene rich rocks within the 20-kilometre-long body. Limited sampling and drill testing have been carried out in the exploration of these zones. Aumega plans to continue systematic prospecting and mapping of the project area in conjunction with drilling of the showings already identified.

More then 40 kilometres of this favourable lithology have been outlined to date. Ten areas of significant values of copper-platinum-palladium, with minor nickel and gold, have been located to date. The zones include the Ridge; Queen; GL; Haslinger A, B and C; Taurus; 661; the Cauldron; the Jewel Box; and the Grid.

The following are some of the better grab sample results from the 10 currently identified zones:





Zone Sample Cu Ni Pt

name type (%) (%) (g/t)



Queen Grab 1.18 na 0.58

GL Grab 0.77 0.25 0.03

10m drill core 0.19 na 0.01

Ridge Grab 0.30 na 0.03

Grid Grab 0.30 na 1.11

Haslinger Grab 0.87 0.18 0.41



Zone Sample Pd Au

name type (g/t) (g/t)





Queen Grab 1.55 0.02

GL Grab 0.04 0.006

10m drill core 0.01 na

Ridge Grab 0.03 na

Grid Grab 0.99 na

Haslinger Grab 0.83 0.01





Under the option agreement, Aumega has the right to earn a 100-per-cent interest in the Star property by making cash payments of $200,000, issuing 500,000 shares and making accumulative work expenditures of $1.5-million over five years. Aumega will grant Mr. Mowat a 2-per-cent net smelter royalty which Aumega can reduce to a 1-per-cent NSR for $1.5-million. The entering into of this option agreement is subject to regulatory approval.

From 2002 to 2005 the price of platinum has risen $450 (U.S.) per ounce to a current price of $904 (U.S.) per ounce. Global demand for platinum is being driven by the automotive industry, industrial requirements and the fine jewelry market. The catalyst for global demand has been the auto industry which purchased 3.51 million ounces of platinum in 2004 with the greatest contribution to growth in platinum demand coming from Europe.