Aegean Enters Into Option Agreement for Hot Maden Copper-Gold Prospect, Turkey

Aegean Metals Group Inc. (TSX VENTURE:AGN)(FRANKFURT:A91) ("Aegean" or the
"Company") is pleased to announce that it has entered into an Option Agreement
(the "Agreement") with Lidya Madencilik Sanayi ve Ticaret A.S. ("Lidya"), a
Turkish exploration company, for Lidya to acquire a 70% interest in the
Company's Hot Maden gold-copper prospect ("Hot Maden" or the "Property") in
Artvin Province, Eastern Turkey.


"Aegean is very pleased to be partnering with Lidya to advance the Hot Maden
prospect. Lidya is a well-respected, Turkish company and their geological
knowledge of the area will be essential in advancing the Property with further
exploration and through to the drilling stage," commented Eric Roth, Aegean's
President and CEO.


Under the terms of the Agreement, Lidya can earn a 70% interest in the Property
by incurring USD$3M of combined exploration expenditures and cash payments to
Aegean as per the following schedule:




--  Lidya will commit to a minimum exploration expenditure at Hot Maden of
    USD$500,000 in Year 1 of the option agreement, after which time Lidya
    will receive a 20% interest in the Property. This minimum work
    commitment will also include at least 800 m of diamond drilling. 
--  Upon the completion of the Year 1 commitment, Lidya will then have a 60
    day period to decide whether to continue with the earn-in agreement (in
    which case a USD$150,000 cash payment will be made to Aegean) or to
    discontinue with the earn-in. 
--  Lidya would then have the right to earn-in to a further 50% interest in
    the Property (for an aggregate total of 70%) by spending an additional
    US$2M on the Property and by making a cash payment to Aegean of
    USD$350,000 by the end of Year 4. 
--  After completion of the earn-in period a Special Purpose Vehicle or
    "Newco" will be formed, in which the initial shareholdings will be Lidya
    70% / Aegean 30%. An industry standard dilution formula will apply to
    any party that does not contribute on a pro-rata basis to subsequent
    expenditures. In the event that either parties' interest falls below
    10%, the interest will either be purchased by the other party at fair
    market value or revert to a 0.5% NSR. 
--  Lidya will be the operator during the earn-in period.



The Agreement is subject to regulatory approval. For more details and to view
the full timeline and relevant commitments for Hot Maden please click here.


About Aegean Metals Group Inc.

Aegean Metals Group Inc. (TSX VENTURE:AGN) is a Canadian junior exploration
company focused on the acquisition, exploration and development of high grade
gold, copper and polymetallic deposits in favourable jurisdictions that have the
potential to become operating mines with strong cash flows. The Company
currently holds two projects in Turkey: the recently optioned Hot Maden gold and
base metal prospect in northeast Turkey and the Ergama high sulfidation
epithermal gold prospect in western Turkey, where Aegean will ultimately retain
a 49% interest upon completion of Teck Resources' back-in expenditure
commitments. In northern Chile, the Company also recently staked two new
exploration prospects and an LOI has been signed for the Vicuna-Llareta
property. For more details on the Company, please visit
www.aegeanmetalsgroup.com.


Forward-Looking Statement

This news release includes certain "forward-looking information" within the
meaning of that phrase under Canadian securities laws. Without limitation,
statements regarding potential mineralization and resources, exploration
results, and future plans and objectives of the Company contain forward-looking
information that involves various degrees of risk. Forward-looking information
reflects management's beliefs and assumptions and subject to known and unknown
risks and uncertainties, both general and specific to the Company. Although the
Company believes the expectations expressed in such forward-looking information
are reasonable, such information and statements are not guarantees of future
performance and actual results or developments may differ materially from those
in our forward-looking information. The following are important factors that
could cause the Company's actual results to differ materially from those
expressed or implied by such forward-looking information: changes in the world
wide price of commodities, general market conditions, risks inherent in
exploration, risks associated with development, construction and mining
operations, the uncertainty of future profitability and the uncertainty of
access to additional capital. Additional information regarding the material
factors and assumptions that were applied to develop this forward-looking
information as well as the various risks and uncertainties we face are described
in greater detail in the "Risk Factors" section of Management's Discussion and
Analysis of our financial results and other continuous disclosure documents and
financial statements we file with the Canadian securities regulatory authorities
which are available at www.sedar.com. The Company undertakes no obligation to
update this forward-looking information except as required by applicable law.


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.


To view a map associated with this press release, please visit the following
link: http://media3.marketwire.com/docs/955400.jpg 


FOR FURTHER INFORMATION PLEASE CONTACT: 
Aegean Metals Group Inc.
Kelly Earle
Investor Relations
[phone]
[e-mail]


Aegean Metals Group Inc.
Eric Roth
President & CEO
[phone]
[e-mail]