Astur Gold Corporation
TSX VENTURE : AST
FRANKFURT : CDC

Astur Gold Corporation

December 29, 2014 08:30 ET

Astur Gold Director Douglas Turnbull Appointed New CEO and President

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Dec. 29, 2014) - Astur Gold Corp. (TSX VENTURE:AST)(FRANKFURT:CDC) ("Astur Gold" or the "Company") announces the appointment of Astur Gold Director Mr. Douglas Turnbull as new Chief Executive Officer and President of the Company effective immediately. He is replacing Cary Pinkowski, who is stepping down as Chief Executive Officer and President to pursue other opportunities. The Board of Directors of Astur Gold thank Mr. Pinkowski for his efforts as President and Chief Executive Officer of the Company. Mr. Pinkowski will remain on the Board of Directors.

"I have great confidence in Doug Turnbull to take over as CEO and President of Astur Gold," stated Mr. Pinkowski. "He was previously a Director of Astur Gold for several years and is very familiar with the Company and its projects."

Mr. Turnbull stated: "Although the Company faces many challenges in these difficult times culminating in the recent news about Salave, my decision to take on this position is based on my belief that new opportunities can be sought out for the Company. In the meantime, we will wait to review the detailed report of the decision by the Commission for Environmental Affairs of the Principality of Asturias and to address the specific technical concerns expressed by the Cantabrian Hydrographic Confederation that lead to the recent denial of our permit application. Our immediate focus will be to protect our assets in Spain in the interest of our shareholders and our principal Salave financier, RMB Resources Limited."

Mr. Turnbull is a consulting geologist with over 25 years of experience in diamond, precious and base metal exploration. He holds an H.B.Sc. Honours in Geology and is a Qualified Professional Geoscientist recognized by the Association of Professional Engineers and Geoscientists of British Columbia. Mr. Turnbull has managed or served on boards of a number of exploration and mining companies with assets ranging from early stage to advanced projects. He has played a key role on teams responsible for the exploration and development of the Eskay Creek Gold Deposit in Canada, the Petaquilla Cu-Au Porphyry Deposit in Panama, the Mt. Kare Gold Deposit in Papua New Guinea and the OJVG Gold Deposits in Senegal.

ABOUT ASTUR GOLD

Astur Gold Corp. is proposing the development of its 100% owned Salave Gold Project in Asturias, northern Spain. Salave is one of the largest undeveloped gold deposits in Western Europe. The Company will continue to work towards building a partnership with the people of Asturias to generate sustainable economic benefits for the region while balancing the needs of environmental protection and social harmony and community development.

ON BEHALF OF THE BOARD

Douglas Turnbull, Chief Executive Officer, President 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. 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.

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