Augyva Mining Resources Inc.
TSX VENTURE : AUV

Augyva Mining Resources Inc.

November 28, 2011 09:41 ET

Augyva Mining Resources Files Amended Financial Statements

MONTREAL, QUEBEC--(Marketwire - Nov. 28, 2011) - Augyva Mining Resources Inc. ("Augyva" or "the Company") (TSX VENTURE:AUV) today announced that it has filed amended Condensed Interim Financial Statements (unaudited) for the six-month period ended August 31, 2011 (the "Amended Condensed Statements").

The Condensed Interim Financial Statements for the six month period ended August 31, 2011 (the "Condensed Statements) were originally filed on October 28, 2011. The only change reflected in the Amended Condensed Statements is to provide additional disclosure in respect of the reconciliation of the total comprehensive loss in accordance with accounting standards applicable prior to the implementation of International Financial Reporting Standards for the three-month period ended August 31, 2010. The result is a reduction of the total comprehensive loss of $9,759 (see Note 19 of the Amended Condensed Statements). The Company had previously only provided this information for the six-month period ended August 31, 2010, which amounted to a reduction of the total comprehensive loss of $12,377 for such period.

There were no other changes made to the Condensed Statements as previously filed. The Amended Condensed Statements can be found at www.sedar.com.

About Augyva Mining Resources Inc.

Augyva is an exploration and development company holding five properties located in the James Bay and Abitibi regions of the Province of Quebec. Its major project is its interest in the Duncan Lake Iron Ore Property located in the western part of the La Grande Greenstone Belt. The property is accessible by road and covers 5,848 hectares. A National Instrument 43-101 compliant technical report on the mineral resource was prepared by Met-Chem Canada Inc. and was released in March 2010. The Duncan Lake Iron Ore Property is subject to a joint venture agreement between Augyva Resources and Century Iron Mines Corporation which has earned a 51% interest and is currently making additional exploration expenditures to increase their interest to 65%.

In addition to the Duncan Lake Iron Ore Project, Augyva holds a 100% interest in four other mineral properties, namely: Yasinski and Kali in the James Bay region and Senneville and Malartic in the Abitibi region. At these mineral properties, the exploration focus is for other than iron ore.

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.

Contact Information

  • Augyva Mining Resources Inc.
    Peter Jones
    CEO
    416 309-2111