Astur Gold Corporation

Astur Gold Corporation

April 23, 2012 10:18 ET

Astur Gold Provides Update on Environmental Impact Assessment

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 23, 2012) - Astur Gold Corp. (TSX VENTURE:AST)(FRANKFURT:CDC) ("Astur Gold" or the "Company") is pleased to announce that the complete list of required criteria and enhancements have been received from the Directorate General of Environment following the preliminary stakeholder consultation process regarding Astur Gold's Salave gold project in Northern Spain. The response outlines additional items to complete the Environmental Impact Assessment ("EIA") that the Company must submit in accordance with the permitting process for Salave, and includes comments from environmental, urban, and cultural organizations, as well as NGOs and other affected stakeholders.

CONGEO, an Asturias-based environmental consulting company with an extensive background in mining projects, is leading all field studies and related activities necessary for completion of the EIA. They are currently working with the Astur Gold technical team to identify remaining inputs for the EIA report, and are diligently working towards the finalization of a new detailed EIA report that will completely consider all environmental aspects of project development and fulfill all statutory requirements. The EIA is approximately 98% complete and expected to be submitted to the Directorate General of Mining and Industry within 30 days.


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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