SOURCE: Astur Gold

Astur Gold

September 06, 2016 09:30 ET

Astur Gold Corp.: Extension of Option Period

VANCOUVER, BC--(Marketwired - September 06, 2016) - Astur Gold Corp. (TSX VENTURE: AST) (FRANKFURT: CDC) ("Astur" or the "Company") is pleased to announce that RMB Australia Holdings ("RMBAH") has extended the option period pursuant to the option agreement entered into between Lionsbridge, RMBAH and the Company, as outlined in the announcement of July 12, 2016.

The option period has been extended to November 6, 2016 on the same terms previously disclosed to the market.

Lionsbridge and Astur appreciate RMBAH's continued support of the Company and the Salave gold project in Spain.

Brian Wesson stated, "Management has been undergoing an intensive review both in Canada and Spain with a view to unlocking the significant value of the Salave asset. The change in Astur's Board and management has provided a platform for the Company to develop a clear strategic plan to progress the Company, which will be articulated to the shareholders shortly. The exercise of the option forms a fundamental part of this plan."

Signed "Brian Wesson"
President and Chief Executive Officer

Neither the 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. Mineral resources that are not mineral reserves do not have demonstrated economic viability. This document contains certain forward looking statements which involve known and unknown risks, delays and uncertainties not under the Company's control which may cause actual results, performance or achievements of the Company to be materially different from the results, performance or expectation implied by these forward looking statements.

Contact Information

  • FOR FURTHER INFORMATION PLEASE CONTACT:

    Clyde Wesson
    Vice President
    Suite 545, 999 Canada Place
    Vancouver, B.C., V6C 3E1
    Tel: (604) 684-6264
    info@asturgold.com
    www.asturgold.com