Augyva Mining Resources Inc.

Augyva Mining Resources Inc.

March 15, 2007 16:00 ET

Augyva Announces the Nomination of Mr. Kerry D. Smith as a Member of the Board of Directors in Replacement of Mr. Belisle, and Grants Options

LA MACAZA, QUEBEC--(CCNMatthews - March 15, 2007) - Augyva Mining Resources (TSX VENTURE:AUV) - Mr. Georges-Yvan Gagnon, President and CEO of the Company is pleased to announce the nomination of Mr. Kerry D. Smith as a member of the Board of Directors in replacement of Mr. Mario Belisle. Mr. Belisle has resigned from his position of Director.

Mr. Gagnon, President and CEO stated: "We are pleased to have a person of the degree of mining industry experience as Mr. Smith join our Board which gives Augyva a stronger presence in the Canadian market place as well as adding significant technical, mining and financial support to our Board. We sincerely thank Mr. Belisle for his past contribution to the Company as Director and wish him good luck in his career."

Mr. Smith is currently the president and CEO of HMZ Metals Inc, a TSX listed company with operations in China. He also held the position of Chief Financial Officer with a predecessor company. He brings with him over 30 years of experience in all aspects of the mining industry including operations and finance with mining and finance companies as well as extensive experience within the mining investment community. Mr. Smith, during his tenure within the investment industry was a ranked mining analyst with Merrill Lynch and RBC-Dominion Securities. More recently he served as a director of the Prospectors and Developers Association (PDA) and was co-chairman of the 2005 PDA Convention. Kerry Smith is a member of the Association of Professional Engineers of Ontario and obtained his B.A.Sc. (Mining) and MBA degrees from Queen's University.

Augyva also announces that the company granted a total of 125,000 stock options to Mr. Smith. Each stock option entitles the holder to subscribe for one common share of the company at a price of $0.52 per share for a five year period.


Augyva is a mining exploration company which is actively exploring favourable metallogenic Belts on it's five (5) wholly owned properties in James Bay (Yasinski, Kali and Duncan) and in Abitibi (Senneville and Malartic) in Quebec. Augyva has 22,012,197 issued and outstanding shares for a current market capitalization of about $12,000,000.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release

Contact Information