AuraSource to License Beneficiation Technology | 2012-02-23

CHANDLER, AZ -- AuraSource, Inc., a developer of hydrocarbon clean fuel and mineral material beneficiation technology, today announced that it has entered into exclusive North American license with Gulf Coast Holdings, LLC ("GCH") to use its ultrafine grinding and gravity separation process for precious metal beneficiation. GCH will pay AuraSource a royalty of five percent of gross revenue on the minerals processed using this technology.

David Shaheen of GCH stated, "This technology will allow us to extract precious metals more efficiently with less of an environmental impact. The AuraSource technology brings great value to our Company. "

Philip Liu, AuraSource's CEO, stated, "Licensing parts of our intellectual property allows us to bring to market our technology on a more expedited basis. This also shows viability with tangent applications."

About AuraSource

AuraSource, Inc. is focused on the development and production of environmentally friendly and cost effective industrial energy sources and feedstock used for industrial applications. AuraSource's core technology includes ultrafine grinding and impurities removal processes. Initial industrial applications of AuraSource technology are ultra-fine coal water mixture for heavy oil substitution, and low grade iron ore fine and slimes beneficiation.

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Eric Stoppenhagen
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