Augyva Mining Resources Inc.

Augyva Mining Resources Inc.

October 31, 2007 10:12 ET

Augyva Intersects Copper-Gold Mineralization at Yasinski

LA MACAZA, QUEBEC--(Marketwire - Oct. 31, 2007) - Augyva Mining Resources Inc (TSX VENTURE:AUV) is very pleased to announce the initial drilling results of its wholly-owned Yasinski property located in the James Bay territory. Hole YAS-07-02 intersected 8 meters grading 1.12 % Cu and 0.71 g/t Au from 137.2 meters to 145.2 meters included within a wider zone which has returned 0.44% Cu and 0.21 g/t Au from 111.9 to 145.2 meters. Hole YAS-07-03, drilled 50 meters down dip, intersected 4 meters of 4.1 g/t Au and 0.57% Cu from 232.8 meters to 236.8 meters within a 18.4 meters intersect grading 1 g/t Au and 0.24% Cu. Hole 03 intersected the mineralized zone approximately 50 meters vertically below hole 02. True widths of the disseminated sulphides zone are estimated at 25 meters in hole 02 and 14 meters in hole 03.

The mineralization is interpreted to occur at the top of a silicified basalt near the contact with a banded iron formation. It consists mainly of 5-15% stringers and disseminations of pyrrhotite and chalcopyrite with minor amount of pyrite and occasional sphalerite. Results are pending for holes YAS-07-04, 05 and 06 which were drilled as step out holes along strike from holes 02 and 03.

These are the first results of a recently completed 13 holes-3395 meters drilling program which tested four distinct base metal/gold and gold targets based on surface rock sampling and soil geochemistry.

Assay samples are taken from drill core sawed in half with one half sent to Laboratoire Expert Inc. of Rouyn-Noranda, and the quality control included the use duplicates, standard by the company and assays standard, duplicates and blanks by the laboratory as well as gold re-assay by fire assay.

The Yasinski property is located on the James Bay Territory (33F06), in the Province of Quebec, 550 km North of Matagami and 80 km South of the locality of Radisson and of Robert-Bourassa and La-Grande-2A hydroelectrical powerhouses. The property is easily accessible from the Transtaïga road (Km 11), via James Bay main road 109 North linking Matagami to Radisson. A tractor path provides access to all the property main deposits. There is a hydroelectric power line of 735 Kilovolts crossing the property North-South.

Augyva Mining Resources is a mineral exploration company which is actively exploring favourable metallogenic belts in James Bay and Abitibi, Quebec. Augyva holds 100% interest on its gold, polymetallic and uranium occurrences on Yasinski, Kali (Opinaca), and the Duncan Lake iron deposit properties in James Bay. The company also holds 100% interest on the Malartic and Senneville properties in Abitibi. Augyva has 25 963 197 shares issued and a market capitalization of about $9,000,000.

This Press Release was prepared by Georges-Yvan Gagnon, geologist, who is a Qualified Person as defined by NI 43-101.

Augyva will hold a phone conference on Wednesday October 31, 2007 at 11 am (ET). If you are interested to participate to the call, please dial 1-800-590-1508. To relisten the call, the number is 1-877-289-8525 access code 21252401#

The TSX Venture Exchange has not reviewed and do not accept responsibility for adequacy or accuracy of this Press Release

Contact Information