Augyva and Century Announce Duncan Lake Iron Ore Project Phase II Drilling, Final Update

TORONTO, ONTARIO--(Marketwire - Aug. 13, 2012) - Augyva Mining Resources Inc. (TSX VENTURE:AUV) ("Augyva") and Century Iron Mines Corporation (TSX:FER) ("Century") is pleased to announce Duncan Lake Iron Ore Project Phase II Drilling Update #3 - Final Report.

Highlights include:

• Drill hole DUN 11-237B intersected 142.9 meters grading 24.64% total Iron (FeT).
  
  
• Drill hole DUN 11- 352 intersected 321.25 meters grading 25.55% total iron (FeT).

Phase II Drilling, Update #3 results are being reported for 6,786m of drilling in 19 drill holes located in zones 3, 4 and 6. The table immediately below shows previously released drilling results.

Phase I drilling, previously reported	10,460m	in	52 holes	- complete
Phase II interim drilling, previously reported	8,404m	in	25 holes	- complete
Phase II drilling update #1, previously reported	19,700m	in	54 holes	- complete
Phase II drilling update #2, previously reported	8,956m	in	26 holes	- complete
Phase II drilling update #3, Final report	6,786m	in	19 holes	- complete
Total	54,306m		176 holes

This concludes all outstanding drilling assay results for the Phase II drilling program.

Peter R. Jones Chairman and Int. CEO of Augyva said, "This is the final drilling update for the 176 holes in phase I and Phase II. I am pleased with the results and look forward to our Joint Venture partner updating the NI43-101 before the end of September and completing a PEA in 2012". He also said "Both these reports are underway and are being prepared by Metchem in Montreal".

At the end of this news release are the three tables namely, zone 3, zone 4 and zone 6 with details of the 6,786m of drilling in 19 drill holes together with mineralized intercepts and grades, drill hole collar coordinates, hole dips and azimuths as well as intercept core lengths.

About the Duncan Lake Property

The Duncan Lake Iron Ore Property ("DLIOP") is located approximately 570 km north of Mattagami, Québec, and can be easily accessed via paved road (Highway 109), connecting Mattagami to Radisson. Road distance from Montreal to DLIOP is estimated to be 1,350 km. The property is located 50 km south of Radisson and 10 km south of the LG2 regional airport.

The property is subdivided into six (6) separate mineralized zones (1 to 6) proximal to Highway 109. The claim blocks 1, 2, and 5 are located southwest of the highway and claim blocks 3, 4 and 6 to the northeast. The property has recently been expanded to 528 exploration claims covering 25,448.8 hectares.

The DLIOP is subject to a joint venture agreement between Century, which holds a 51% interest, and Augyva, which holds a 49% interest under an option and joint venture agreement dated May 20, 2008.

On November 11, 2010, Century completed its funding of $6,000,000 to earn an initial 51% interest in the DLIOP in accordance with the JV Agreement. Pursuant to the JV Agreement, and after earning the initial 51% interest, Century will have the option to increase its interest in the property to 65% by expending a further $14 million during the following 4 years thereafter.

Duncan Lake Iron Ore Project Phase II Drilling, Update # 3 - Results

Zone 3

HOLE NUMBER	NORTHING	EASTING	ELEVATION	DIP	AZI- MUTH	FROM (M)	TO (M)	Core Length (M)	FE %
DUN-11-237B	5936441	324232	178	-90	320	33	42	9	31.00
						197.15	237.2	40.05	28.39
						283.6	426.5	142.9	24.64
DUN-11-245B	5936674	324849	151	-50	315	9.6	64.2	54.6	22.87
Incl.						9.6	20.1	10.5	21.12
Incl.						29	64.2	35.2	26.56
						109.2	128.5	19.3	24.00
DUN-11-338	5935929	324182	153	-50	316	7	56.4	49.4	25.14
Incl.						23.8	56.4	32.6	29.32
						70.7	169.3	98.6	26.22
DUN-11-346	5936290	324671	155	-50	314	15	87.25	72.25	24.96
DUN-11-352	5936953	324575	155	-50	317	12.2	333.45	321.25	25.55
DUN-12-245A	5936768	324757	151	-50	135	84.5	185.45	100.95	21.85
						249.45	269.55	20.1	25.67
DUN-12-350	5936660	324580	168	-50	135	98.7	136.2	37.5	22.99
DUN-12-356	5936440	325366	151	-50	315	231.6	395.6	164	23.23

Note: Intersections are core lengths, true widths may be less than core lengths.

Zone 4

HOLE NUMBER	NORTHING	EASTING	ELEVATION	DIP	AZI- MUTH	FROM (M)	TO (M)	Core Length (M)	FE %
DUN-11-315	5941695	329342	145	-60	320	10.40	149.00	138.60	24.82
Incl.						10.40	108.10	97.70	28.82
						227.75	340.50	112.75	20.78
Incl.						257.70	304.10	46.40	24.51
Incl.						314.40	340.50	26.10	22.28
DUN-11-324B	5941951	329661	153	-55	320	33.4	167.9	134.5	21.87
DUN-12-210	5941733	329050	154	-50	320	79.4	331	251.6	21.93
						154.1	266.9	112.8	28.22
DUN-12-211	5941887	329180	153	-60	320	13.7	117.8	104.1	22.45
DUN-12-220	5942170	329998	146	-60	320	19	98.65	79.65	25.56
DUN-12-310	5941331	328995	145	-60	320	263.7	312.3	48.6	28.04
						368.95	464.55	95.6	23.57
DUN-12-322	5941693	329614	145	-60	320	242.1	494.85	252.75	21.96
DUN-12-325	5941828	329762	150	-60	320	246.3	350	103.7	21.43
DUN-12-327	5941959	329913	147	-60	320	230.3	289.55	59.25	24.43
						347.2	362	14.8	24.87

Note: Intersections are core lengths, true widths may be less than core lengths.

Zone 6

HOLE NUMBER	NORTHING	EASTING	ELEVATION	DIP	AZIMUTH	FROM (M)	TO (M)	Core Length (M)	FE %
DUN-11-380	5936115	327046	151	-50	340	117.8	151.2	33.4	26.65
						369.25	384.9	15.65	30.95
DUN-11-382	5936269	327203	153	-50	340	134.1	145.7	11.6	31.92
						202.9	372.4	169.5	19.77
Incl.						202.9	255.7	52.8	25.29

Note: Intersections are core lengths, true widths may be less than core lengths.

Quality Assurance, Quality Control and Qualified Person

Sample preparation except for holes DUN-11-237B, DUN-11-315, DUN-11-324B, DUN-11-352, DUN-11-380 and DUN-11-382 was contracted to the IOS Service Geoscientifiques Inc. ("IOS"), an independent sample preparation facility located in Chicoutimi. Pulps were then shipped to ALS Canada Ltd ("ALS") in Vancouver, British Columbia, which is independent of Century. For holes DUN-11-237B, DUN-11-315, DUN-11-324B, DUN-11-352, DUN-11-380 and DUN-11-382, sample cutting was done by SGS in Lakefield, Ontario and split core was sent to ALS for analysis. The samples were analyzed via lithium borate XRF, and sulphur was determined by Leco furnace. Iron was reported as total ferric iron and calculated as total iron by Century.

The Qualified Person on the project, as defined under National Instrument 43-101, are Claude Britt, P. Geo. and Zhihuan Wan, P.Geo. They were responsible for the preparation of all technical information provided in this press release and have reviewed and approved the contents of this news release.

About Augyva Mining Resources Inc.

Augyva Mining Resources Inc. (TSX VENTURE:AUV) is an exploration and development company. Its major project is its interest in the DLIOP in the western part of the La Grande Greenstone Belt for which an NI 43-101 compliant technical report on the mineral resource was prepared by Met-Chem. Canada Inc. and was released in March 2010. The report, which is filed on SEDAR, estimated the Property contains measured and indicated resources of 31,315,000 tonnes of 23.74% Fe and inferred resources of 821,135,000 tonnes of 24.56% Fe.

Cautionary Statement

This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in Augyva's disclosure documents on the SEDAR website at www.sedar.com. Augyva does not undertake to update any forward looking information except in accordance with applicable securities laws.