Astur Gold Corporation

Astur Gold Corporation

May 23, 2012 06:00 ET

Astur Gold Granted New Mining Rights Extending Salave Concessions

VANCOUVER, BRITISH COLUMBIA--(Marketwire - May 23, 2012) - Astur Gold Corp. (TSX VENTURE:AST)(FRANKFURT:CDC) ("Astur Gold" or the "Company") announces the Mining Department of Asturias has granted its wholly owned Spanish subsidiary Exploraciones Mineras del Cantábrico S.A ("EMC") an area of approximately 253 hectares extending its Salave concessions to the South. This new concession is referred to as "Demasia".

"These new mining rights are important for Astur Gold's Phase I portal and exploration decline activities. We now have access through this contiguous area, including surface rights previously secured," commented President and CEO Cary Pinkowski.

Please reference for a current map of Astur Gold's mining concessions.


Astur Gold is developing its 100% owned Salave Gold Project in Asturias, northern Spain comprising 3,198 hectares. Salave is one of the largest undeveloped gold deposits in Western Europe. The Company submitted an application for an underground mine permit to the government of Asturias in September 2011. Astur Gold is currently conducting underground mine planning and an Environmental Impact Assessment. The Company is 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 community development.


Cary Pinkowski, Chief Executive Officer and Director

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.

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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