Astur Gold Corporation

August 24, 2010 05:02 ET

Astur Gold Appoints Osisko Mining CEO to Board of Directors

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 24, 2010) - Astur Gold Corp. (TSX VENTURE:AST)(FRANKFURT:CDC) ("Astur Gold" or the "Company") is pleased to announce the appointment of Mr. Sean Roosen as a Director of the Company.

Mr. Roosen is the Chief Executive Officer and President of Osisko Mining Corporation (TSX:OSK)(FRANKFURT:EWX). He is also the Chairman of EurAsia Holding A.G. and is currently a Director of Rio Novo Gold Inc., Dalradian Resources and Bowmore Exploration Ltd.

"Mr. Roosen and his Osisko team have been successful in conducting effective community consultations while steering the project through a rigorous environmental permitting process," stated Astur Gold CEO, Cary Pinkowski. "Osisko's partnership with the town of Malartic is a great example of a community's involvement in the success of a mine development project for mutual prosperity. Sean's experience will be invaluable to Astur Gold."

"I look forward to working with Astur's team to unlock the excellent potential of the Salave gold project for the benefit of all stakeholders," stated Mr. Roosen.

Osisko is currently constructing the Malartic gold mine in the Abitibi mining district of Quebec, Canada after receiving the final authorizations from the Québec Government on August 19, 2009. The commercial production is scheduled for the second quarter 2011. During 2009, Osisko completed over C$1 billion in financings.

Mr. Roosen will be awarded 500,000 Options at the strike price of $0.75 expiring August 23rd, 2013.


The Company is focused on developing its 100% owned Salave Gold Project in northern Spain. Salave is one of the largest and highest grade undeveloped gold deposits in Western Europe. The property has a recently updated NI 43-101 compliant mineral resource estimate containing 1,683,000 oz of gold in the Measured & Indicated category (17,945,000 tonnes grading 2.9 g/t Au) with an additional 338,000 oz of gold in the Inferred category (3,770,000 tonnes grading 2.8 g/t Au). (NI 43-101 report, "Technical Report on Salave Gold Deposit, Spain", March 5, 2010).

There is excellent exploration potential at Salave, with four of the principal high grade zones of mineralization open at depth. Additional exploration areas to the west have also yet to be tested. Previous metallurgical tests indicate gold recoveries on the order of 90% are possible. The region boasts excellent infrastructure and a history of mining that will help support future mine development.


Cary Pinkowski, Chief Executive Officer and Director

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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