VANCOUVER,
BRITISH COLUMBIA--(Marketwire - April 27, 2010) - Dagilev Capital Corp. (TSX
VENTURE:DCC) ("Dagilev" or the "Company") is pleased to
announce that Mr. Emilio Hormaeche Bigorra has been appointed President of the
Company and will stand for election as Director at the Annual General Meeting
on May 31, 2010.
"Emilio
has been involved in the development of almost every mine project in Spain over
the last 20 years. We look forward to working with Emilio and building a
partnership with the local communities in the region of Asturias to develop the
Salave deposit," states CEO Cary Pinkowski.
Mr. Hormaeche's
career in mining includes experience with property acquisitions, permitting,
construction of plants and mills, production and all other intermediate steps. He has worked with base metals, gold and industrial minerals. Emilio was
Project Manager for Tasiast Gold Mine, a cornerstone asset of Red Back Mining
(TSX:RBI), where he managed the construction of the entire mining complex with
local assistance in Mauritania within an US$80 Million budget. He was Project
Manager for Aguablanca, a key asset of Lundin Mining
Corp. (TSX:LUN)(OMX:LUMI) in Spain from permitting through production.
Mr. Hormaeche is particularly suited to work on the Salave project given his
direct experience in the area, and his involvement with Salave's previous
metallurgical work and economic studies. He lives in Oviedo, Spain which is 1.5
hours drive from Salave.
ABOUT DAGILEV CAPITAL CORP.
Dagilev
(to be renamed Astur Gold) 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 gold resource of 1,683,000 oz Measured and
Indicated with an additional 338,000 oz Inferred. The property is subject to
NI43-101 report, "Technical Report on Salave Gold Deposit, Spain", by
Scott Wilson RPA, March 5, 2010, which is available on the SEDAR
website, www.sedar.com. There is excellent exploration potential with
four of the principal high grade zones of mineralization open at depth and
there are additional exploration areas to the West that have never been tested.
Previous metallurgical tests indicate recovery in the order of 90% and the
region has excellent infrastructure and a history of mining. At the May 31st
AGM, the Company will seek approval from shareholders to change its name
to Astur Gold Corp to reflect the nature of the Company's business.
In August 2005, the Regional
Government of Asturias halted open-pit project development of Salave due to the
introduction of certain zoning legislation. Immediately after, legal
proceedings were commenced by Dagilev's predecessor against the government
seeking reversal of the decision or monetary compensation of €320,000,000. The
legal proceedings are on-going, however, the cash award ruling is anticipated
to be completed by the end of 2010. Dagilev would receive 50% of any cash award
after a deduction of the upfront payment, as well as litigation and court
related costs incurred by Dagilev between April 13, 2010 and the time of
settlement or final judgment in the lawsuit.
ON
BEHALF OF THE BOARD
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.