Feb 15 (Reuters) - Aurion Resources Ltd AU.V :
* AURION OPTIONS OUTA PROJECT IN FINLAND TO KINROSS
* AURION RESOURCES SAYS SIGNED A NON-BINDING LOI WITH KINROSS GOLD GIVING KINROSS RIGHT TO EARN UP TO 70% OF OUTA PROJECT
* AURION RESOURCES LTD - UNDER TERMS OF LOI KINROSS MUST SPEND US$5 MILLION OVER 5 YEARS TO EARN A 70% INTEREST IN PROJECT
* AURION RESOURCES LTD - KINROSS HAS AGREED TO COMPLETE A FIRM US$1 MILLION EXPLORATION EXPENDITURE OVER FIRST TWO YEARS