Astur Gold Corp.

Astur Gold Corp.

October 25, 2010 05:02 ET

Astur Gold Adds Local Community Leaders to Management in Spain

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 25, 2010) - Astur Gold Corp. (TSX VENTURE:AST)(FRANKFURT:CDC) ("Astur Gold" or the "Company") is pleased to announce the appointments of Mr. Juan Calvo-Sotelo as Director of Communications and Mr. Francisco Javier Lopez-Cancio as Director of Community Relations.

"Juan and Francisco are invaluable additions to our Spanish management team. Our continuing work with the community will be greatly enhanced by their endorsements," stated Company CEO, Cary Pinkowski. "We are pleased to have these esteemed business and political leaders join Astur Gold."

Juan Calvo-Sotelo has been a local political leader in western Asturias for the past decade: he was mayor of the township of Castropol, a neighbour of Tapia, between 1999 and 2003, where he remains town councilor to this day. He holds a Master of Science in Industrial Chemistry from The University of Seville, and has an extensive experience in the management of production and industrial processes, in multinational organizations such as Nestlé and Técnicas Reunidas.

Francisco Javier Lopez-Cancio lives in Tapia and headed the Business Council of eastern Galicia for 12 years. He has more than 20 years experience as a legal and tax advisor to companies in the region and was the legal and tax advisor to Newmont Corporation Spain, on its Salave activities. Mr. Lopez-Cancio has a Law degree from the Complutense University of Madrid.


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 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). Salave is subject to 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. Astur Gold looks to advance Salave and cultivate an enduring partnership with the people of Asturias in developing economic prosperity for the region.


Cary Pinkowski, Chief Executive Officer and Director

Mineral resources that are not mineral reserves do not have demonstrated economic viability.

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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