AST Astron Connect Inc

Astur Gold Corp. (TSX VENTURE:AST)(FRANKFURT:CDC) ("Astur Gold" or the
"Company") announces that, as a result of a review by the British Columbia
Securities Commission ("BCSC"), it is issuing the following news release to
clarify certain technical disclosure previously made by the Company.


The Company's February 16, 2011 news release titled "Astur Gold Reports Positive
Preliminary Economic Assessment for Salave Gold Project" (the news release)
disclosed the initial Preliminary Economic Assessment ("PEA") for the Salave
gold project without including cautionary language required by NI 43-101 in
equal prominence and in its correct form. In particular, the news release did
not adequately explain the preliminary nature of a PEA, and its limitation with
regard to establishing mineral reserves and economic viability. A preliminary
feasibility or feasibility study is required to qualify a reserve estimate and
establish economic viability and the Salave project has not reached this stage
of analysis. The full and correct cautionary statements required by NI 43-101
for a PEA are set out below:


"The Preliminary Economic Assessment is considered preliminary in nature and
includes inferred mineral resources that are considered too speculative
geologically to have the economic considerations applied to them that would
enable them to be categorized as mineral reserves and there is no certainty that
the Preliminary Economic Assessment will be realized. Mineral resources that are
not mineral reserves do not have demonstrated economic viability."


Elsewhere, the news release states that the Preliminary Economic Assessment
results "strongly demonstrate the technical and economic viability of the
project" and "Clearly, the project will generate robust profitability". Such
disclosure is contrary to the Preliminary Economic Assessment stage of the
project and contradicts the above cautionary language. Accordingly, the Company
wishes to retract such statements and advises that such statements should not be
relied upon.


In those instances where the Company has amended, retracted or clarified
previous disclosure, the Company advises readers not to rely on such statements
as they may continue to be found in the public domain.


The Company is also preparing an amended report to correct items of
non-compliance in its February 12, 2011 technical report titled "Preliminary
Economic Assessment on the Salave Gold project, Asturias Region, Spain" by
Golder Associates Iberica S.L.U. In the event that there are material changes to
resource estimates or the PEA resulting from amendments to the report, Astur
Gold will promptly announce the changes. The company expects to file its amended
PEA report before the middle of October.


Astur Gold is in the process of conducting a Feasibility Study ("FS") as
announced in the Company's June 26, 2013 news release. The Company will announce
the results of its FS upon completion.


ABOUT ASTUR GOLD

Astur Gold is developing its 100% owned Salave Gold Project in Asturias,
northern Spain, which is one of the largest undeveloped gold deposits in Western
Europe. The Company received approval for an underground mine from the
Commission for Environmental Affairs of the Principality of Asturias in November
2012 and is completing additional requirements for the processing plant, water
discharge, and tailings licenses. The Company is working to build a partnership
with the people of Asturias to generate sustainable economic benefits for the
region while balancing the needs of environmental protection and social
community development.


ON BEHALF OF THE BOARD

Cary Pinkowski, Chief Executive Officer, President and Director

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. Mineral resources that are not
mineral reserves do not have demonstrated economic viability. This document
contains certain forward looking statements which involve known and unknown
risks, delays and uncertainties not under the Company's control which may cause
actual results, performance or achievements of the Company to be materially
different from the results, performance or expectation implied by these forward
looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Astur Gold Corp.
Vadim Dubchak
604-694-1600
info@asturgold.com
www.asturgold.com

Astron Connect (TSXV:AST)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024

Astron Connect (TSXV:AST)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024