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Aurizon Announces Hearing on New Shareholder Rights Plan

The Board of Directors of Aurizon Mines Ltd. (ARZ.TO) announced that the British Columbia Securities Commission will hold a hearing on March 15, 2013 in response to an application made by Alamos Gold Inc. (AGI.TO) for an order to cease trade Aurizon's new shareholder rights plan. The New Rights Plan was announced by Aurizon on March 11, 2013.

Aurizon will oppose Alamos' application at the hearing before the BCSC, which follows Alamos' unsolicited take-over bid for all of Aurizon's shares, announced on January 14, 2013.

Aurizon adopted the New Rights Plan following public statements by Alamos that it has waived its minimum tender condition for the purpose of acquiring a sufficient number of additional shares of Aurizon to block the superior arrangement transaction with Hecla Mining Company announced on March 4, 2013.

Aurizon's Board of Directors continues to unanimously recommend that Aurizon shareholders vote to approve the Hecla Arrangement, and continues to recommend that shareholders reject the Alamos bid.

ARZ shares were up a penny at $4.52 while AGI shares gained 15 cents to $14.71.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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