Augyva Mining Resources Inc.

Augyva Mining Resources Inc.

August 25, 2016 22:40 ET

Augyva Mining Resources Inc. Announces Results of Shareholders' Meeting

TORONTO, ONTARIO--(Marketwired - Aug. 25, 2016) - Augyva Mining Resources Inc. (TSX VENTURE:AUV) ("Augyva" or the "Company") is pleased to announce the results from its annual general and special meeting of shareholders held August 25, 2016 (the "Meeting").

At the Meeting, shareholders overwhelmingly elected the following nominees to serve as directors of the Company for the ensuing year: Farhad Abasov, Kuldeep Billan, Curtis Johansson and Kail Ross. Mr. Abasov will serve as Chairman of the Board. Shareholders also approved the reappointment of Raymond Chabot Grant Thornton LLP, Chartered Accountants as auditors of the Company and the continued use of the Company's stock option plan.

The Board wishes to thank its three outgoing members, Peter Jones, Sandy Chim and Louis De Jong, for their contributions to the Company and wishes them success in their future endeavors.

The Company has issued 350,000 options and 150,000 DSUs to Mr. Ross as an incoming director.

About Augyva Mining Resources Inc.

Augyva is an exploration and development company holding an interest in the Duncan Lake Property located in the James Bay region of the Province of Quebec located in the western part of the La Grande Greenstone Belt. The property is accessible by road and covers approximately 7,921hectares. Augyva received the results of a National Instrument 43-101 compliant Preliminary Economic Assessment prepared by Met-Chem Canada Inc. in March 2013. The property is subject to an option and joint venture agreement between Augyva and Canadian Century Iron Ore Corporation.

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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