Said Rauno Perttu, President, "We have witnessed dramatic changes in goldprices over the last three months; we must evaluate how we develop ourprojects, given the capital intensive nature of our enterprise. We mustevaluate all potential funding strategies with respect to our near-term andlong-term objectives."

Added Mr. Perttu, "We have charged our Board to explore and evaluatevarious financial and strategic alternatives for the Company and reportback within the next two weeks. We are at a critical juncture in thedevelopment of the Company."

Aultra does not intend to comment further publicly with respect to anypotential financial and strategic alternatives unless a specifictransaction is approved by its Board of Directors.

On behalf of the Board,

Rauno Perttu, President

Forward-Looking Statements

Statements in this news release that are not historical facts areforward-looking statements that are subject to risks and uncertainties.Words such as "expects," "intends," "plans," "may," "could," "should,""anticipates," "likely," "believes" and words of similar import alsoidentify forward-looking statements. Forward-looking statements are basedon current facts and analyses and other information that are based onforecasts of future results, estimates of amounts not yet determined andassumptions of management, including, but not limited to, the Company'sbelief that Aultra Gold Inc. will be successful in its exploration anddefinition drilling. Actual results may differ materially from thosecurrently anticipated due to a number of factors beyond the reasonablecontrol of the Company. Additional information on risks and other factorsthat may affect the business and financial results of the Company can befound in filings of the Company with the U.S. Securities and ExchangeCommission.