AuRico Gold Negotiates Receipt of C$20 Million Upfront Payment and Ongoing Royalty with Crocodile Gold

Toronto (ots/PRNewswire) -

AuRico Gold Inc. , ("AuRico" or the "Company") today announced
that it has entered into an agreement with Crocodile Gold providing
for termination of the deferred cash payment arrangement with
Crocodile Gold that was previously established in 2012 and its
replacement with a revised agreement that provides both parties with
a more satisfactory and mutually beneficial arrangement. Completion
of the transaction is subject to final approval from the Foreign
Investment Review Board ("FIRB") of Australia.

Under the terms of the previous arrangement, AuRico was entitled
to receive deferred cash payments based on net free cash flow derived
from the Fosterville and Stawell gold mines. Under the new agreement,
Crocodile Gold will pay AuRico C$20 million in cash immediately upon
closing and will grant AuRico a net smelter return ("NSR") royalty of
2% from Fosterville Gold Mine and 1% from Stawell Gold Mine.

"AuRico is pleased with the revised agreement as it immediately
monetizes potential future payments by securing a significant C$20
million upfront payment while retaining potential upside through the
NSR arrangement," stated Scott Perry, President and CEO of AuRico
Gold.

About AuRico Gold

AuRico Gold is a leading Canadian gold producer with mines and
projects in North America that have significant production growth and
exploration potential. The Company is focused on its core operations
including the cornerstone Young-Davidson gold mine in northern
Ontario, and the El Chanate mine in Sonora State, Mexico. AuRico's
project pipeline also includes the advanced development Kemess
Underground Project in northern British Columbia and the Lynn Lake
Gold Camp in northern Manitoba. The Company also has other
exploration opportunities in Canada and Mexico. AuRico's head office
is located in Toronto, Ontario, Canada.

Cautionary Statement

This press release contains forward-looking statements and
forward-looking information as defined under Canadian and U.S.
securities laws. All statements, other than statements of historical
fact, are forward-looking statements. The words "expect", "believe",
"anticipate", "will", "intend", "estimate", "forecast", "budget" and
similar expressions identify forward-looking statements.
Forward-looking statements include estimates of mineral grades, the
estimated extent and timing of anticipated future exploration
activity; the results of future interpretation of geological
information; whether results thereof will lead to estimated reserves
or resources and the timing of such estimates , information as to
strategy, plans or future financial or operating performance, such as
the Company's expansion plans, project timelines, production plans,
projected cash flows or capital expenditures, cost estimates,
projected exploration results, reserve and resource estimates and
other statements that express management's expectations or estimates
of future performance.

Forward-looking statements are necessarily based upon a number of
factors and assumptions that, while considered reasonable by
management, are inherently subject to significant uncertainties and
contingencies. Known and unknown factors could cause actual results
to differ materially from those projected in the forward-looking
statements. Such factors include without limitation: receiving
Foreign Investment Review Board of Australia approval related to the
transaction, estimates of mineral grades; the estimated extent and
timing of future exploration activity and resource estimates; the
interpretation of geological information; whether exploration results
will lead to establishing reserves or resources; the nature and
timing of permitting work; the risk that projects will not be
developed accordingly to established budgets or timelines; no
material delays in the timing for completion of exploration
activities, changes in laws or regulations in Canada, Mexico and
other jurisdictions in which the Company may carry on business; risks
of obtaining necessary licenses, permits; authorizations or approvals
for operations or projects such as Kemess; contests over title to
properties; the speculative nature of mineral exploration and
development; risks related to aboriginal title claims; compliance
risks with respect to current and future environmental regulations;
fluctuations in the price of gold and foreign exchange rates; the
uncertainty of replacing depleted reserves; the risk that the
Young-Davidson and El Chanate mine may not perform as planned;
uncertainty of production and cost estimates; disruptions affecting
operations; opportunities that may be pursued by the Company;
employee relations; availability and costs of mining inputs and
labor; the ability to secure capital to execute business plans;
volatility of the Company's share price; any decision to declare
dividends; the implementation and continued availability of the
dividend reinvestment plan; the effect of future financings;
litigation; risk of loss due to sabotage and civil disturbances; the
values of assets and liabilities based on projected future cash
flows; risks arising from holding derivative instruments; risks
arising from the absence of hedging; adequacy of internal control
over financial reporting; changes in our credit rating; and the
impact of inflation.

Actual results and developments are likely to differ, and may
differ materially, from those expressed or implied by the
forward-looking statements contained herein. There is no assurance or
certainty that an initial resource estimate for Kemess East will be
completed, or if completed, is completed in early 2015. Such
statements are based on a number of assumptions which may prove to be
incorrect, including assumptions about: future exploration and the
results of such exploration, the ability and timing to complete a
resource estimate for Kemess East, the presence of and continuity of
metals at Kemess East at modeled grades, business and economic
conditions; commodity prices and the price of key inputs such as
labour, fuel and electricity; credit market conditions and conditions
in financial markets generally; revenue and cash flow estimates,
production levels, development schedules and the associated costs;
our ability to procure equipment and supplies in sufficient
quantities and on a timely basis; the timing of the receipt of
permits and other approvals for our projects and operations; our
ability to attract and retain skilled employees and contractors for
our operations; the accuracy of our reserve and resource estimates;
the impact of changes in currency exchange rates on our costs and
results; interest rates; taxation; and our ongoing relations with our
employees and business partners.

The Company disclaims any intention or obligation to update or
revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by
applicable law.

For further information:
please visit the AuRico Gold website at http://www.auricogold.com or contact:
Anne Day
Vice President, Investor Relations and Communications
AuRico Gold Inc.
+1-647-260-8880

ots Originaltext: AuRico Gold Inc.
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