Avala Resources Ltd.

Avala Resources Ltd.

June 21, 2012 09:38 ET

Avala Resources Reports Results of Annual Shareholder Meeting

LONGUEUIL, QUÉBEC--(Marketwire - June 21, 2012) - Avala Resources Ltd. (TSX VENTURE:AVZ) (the "Company") is pleased to report that it held its annual general and special meeting of shareholders (the "Meeting") on June 20, 2012. Over 83% of the Company's issued and outstanding shares were voted at the Meeting, and all items of business on the agenda were approved. The size of the board was increased from seven to eight members. The current directors were all re-elected and Mr. Adrian Goldstone was elected as a new director of the Company. Mr. Goldstone, who has a BSc and MSc from the University of Auckland, is Executive Vice President, Sustainable Business Development of Dundee Precious Metals Inc., the Company's majority shareholder. Mr. Goldstone has 20 years of experience in the minerals sector in development and operating projects and in corporate positions, and has been involved in mineral projects in Africa, Russia, Europe, Asia, the Americas, Australia and New Zealand.

About Avala Resources Ltd.: Avala Resources is a mineral exploration company focused on the exploration and development of the Timok Gold Project in Eastern Serbia. The Timok Gold Project comprises several targets, including Bigar Hill, Korkan, and Kraku Pestar. Avala controls 100% of this newly identified sediment-hosted gold belt which totals approximately 250 square kilometres. The common shares of Avala trade on the TSX Venture Exchange under the symbol AVZ.

Additional information about the Company is available through regular filings and press releases on SEDAR (www.sedar.com) and on the Company's website at www.avalaresources.com.

Neither the 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 press release.

Contact Information