Augyva Mining Resources Inc.

Augyva Mining Resources Inc.

April 24, 2007 09:54 ET

Augyva Reports Uranium Occurence in Conglomerates on Yasinski and Acquires the Radisson West Property

LA MACAZA, QUEBEC--(CCNMatthews - April 24, 2007) - Augyva Mining Resources Inc. (TSX VENTURE:AUV) is pleased to announce that, compilation of data from historical drill holes completed on Yasinski property in the late 1970's, has revealed uranium values as high as 0.17% U over 1.5 m in a conglomerate unit located in an unconformity. The quartz conglomerate unit is associated with quartzite formations. The uranium occurrence is not confined only to the conglomerate unit since some Uranium concentrations were detected in quartzite formations and fractured rocks below the unconformity surface. Augyva intends to begin a uranium exploration program in June. The previously reported surface uranium showings will be re-examined and sampled as soon as possible. The conglomerate units were identified over a 5 km strike length by previous workers in late 1970's. The quartzite formation can be easily followed over a 10 km strike length.

Augyva has also signed a Letter of Intent ("LOI") to acquire the Radisson West property 90 km south of Radisson, in James Bay area in Northern Quebec. Under the terms of the LOI, the Vendor has agreed to grant Augyva, an option to earn 100% interest in the Radisson West property for $15,000 cash, 400,000 treasury shares and $150,000 work expenditures scheduled over a two year period. The Vendor will retain a royalty (the"Royalty") of 1% Net Smelter Return. Augyva has the right to buy the Royalty for $500,000 at any time.

The Radisson West property host a volcano-sedimentary sequence intruded by granitic rock and highly brecciated quartzite formations which can host uranium occurrences as observed in many similar surrounding geological terranes.

This Press release was written and revised by Georges-Yvan Gagnon professional geologist (OGQ) and fulfills the requirements to be a qualified person for the purpose of National Instrument 43-101.

Augyva Mining Resources is a mineral exploration company which is actively exploring favourable metallogenic belts in James Bay and Abitibi, Quebec. Augyva holds 100% interest on its gold, polymetallic and uranium occurrences on Yasinski, Kali (Opinaca), and the Duncan Lake iron deposit properties in James Bay. The company also holds 100% interest on the Malartic and Senneville properties in Abitibi. Augyva has 25 012 197 shares issued and a market capitalization of about $15,000,000.

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

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