Augyva Mining Resources Inc.
TSX VENTURE : AUV

Augyva Mining Resources Inc.

April 19, 2007 17:13 ET

Augyva Closes $1,000,000 Private Placement

LA MACAZA, QUEBEC--(CCNMatthews - April 19, 2007) - Augyva Mining Resources Inc. (TSX VENTURE:AUV) is pleased to announce that the Company has closed a $1,000,000 private placement.

Subject to the TSX Venture Exchange final approbation, Augyva has completed a 2,000,000 units private placement at a price of $0.50 per unit to qualified investors, except for Georges-Yvan Gagnon, President and CEO of the Company. Each unit consists of one Common Share and one half Common Share Purchase Warrant. Each whole Warrant entitles the holder to acquire one additional common share at a price of $0.75 per share until April 19, 2008.

The warrants will be subject to an accelerated expiry if, at anytime following the trade restriction period of four months and one day from the date of distribution, the weighted average trading price of the common shares of the Company is equal or greater than $0.95 for any twenty consecutive trading days. In that event, the holder will be given notice that the Warrants will expire in twenty (20) days following the date of such notice. The Warrants may be exercised by the holder during the 20-day period between the notice and the expiration of the Warrants.

The Company will pay finder's fee of $82,500 equal to 10% of the amount raised, as authorized by the Regulatory Authorities. No finders fees are payable on the portion of the private placement subscribed by Georges-Yvan Gagnon (350,000 units).

Shares issued, including any shares issued pursuant to the exercise of Purchase Warrants, are subject to a four month hold period ending August 19, 2007.

Net proceeds of the offering will be used for advancing the Company's projects and for working capital.

Augyva is a mining exploration Company with 5 properties located in James Bay and in Abitibi, Quebec.

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

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