Farhad Abasov

February 08, 2013 07:00 ET

Farhad Abasov Responds to Recent Celeste Mining Corporation News

TORONTO, ONTARIO--(Marketwire - Feb. 8, 2013) - In response to Celeste Mining Corporation's (the "Corporation") February 6, 2013 news release, Mr. Farhad Abasov announces that the Corporation's board of directors resolution cancelling Mr. Abasov's consulting agreement as Chairman was adopted at a meeting where both Mr. Abasov and a director representing the largest shareholder of the Corporation were absent. Mr. Abasov has provided formal notice to the Corporation of his dissent to the resolution.

Mr. Abasov remains a director of the Corporation and committed to maximizing shareholder value. Mr. Abasov is in the process of evaluating his best course of action going forward to advance the interests of all the Corporation's stakeholders.

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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