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AUV

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Share Name Share Symbol Market Type
TSXV:AUV TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Augyva: Three Directors Disagree With the Announcement Made by Chairman Sandy Chim

16/08/2011 1:30pm

Marketwired Canada


Augyva Mining Resources Inc. (TSX VENTURE:AUV) "Augyva" or the "Company")
founding President, CEO, director Georges-Yvan Gagnon, and independent directors
Rene Dufour and Louis-Philippe Mendes have released the following statement:


"We do not agree with the dissemination of the press release dated August 15th,
2011 issued on behalf of Augyva by its chairman Sandy Chim nor to its contents.


Effective August 1, 2011, Dr Augustine Pok Yu Chow resigned as Director of the
Company, this signed letter of resignation was filed with legal counsel to the
Company.


In addition, the chairman, Sandy Chim, requested a board meeting for Saturday,
August 13, 2011, 8:00am to be held at the offices of Norton Rose OR LLP, 38th
Floor, Royal Bank Plaza, South Tower, Toronto. Three directors namely,
Georges-Yvan Gagnon, Rene Dufour and Louis-Philippe Mendes presented themselves
in person at the main reception area of Norton Rose OR LLP well in advance of
the proposed meeting. Appropriate arrangements had not been made by the firm in
order for those who attended in person to be invited to the secured meeting
area, thus a quorum wasn't attained and therefore, Dr Augustine Chows'
reappointment to the Board is not valid as well as all resolutions taken at the
meeting.


The company will review with the exchange the appropriate procedures to appoint
a mediator to resolve the internal dispute.


Appropriate updates will be provided to the market"

About Augyva Mining Resources Inc.

Augyva is an exploration and development company with 5 properties located in
the James Bay and Abitibi regions of the Province of Quebec. Its major project
under development is the Duncan Lake Iron Ore Property. Augyva also holds 100%
interest on 4 highly prospective gold and base metal properties: Yasinski (gold,
platinum, chromite and other base metals) and Kali (gold, copper and other base
metals) in the James Bay region, and: Senneville (gold) and Malartic (gold) in
the Abitibi region. Other iron and related opportunities continue to be
evaluated on an ongoing basis. 


This news release may contain certain forward-looking information. All
statements included herein, other than statements of historical fact, are
forward-looking information and such information involves various risks and
uncertainties. There can be no assurance that such information will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such information. A description of assumptions used to
develop such forward-looking information and a description of risk factors that
may cause actual results to differ materially from forward-looking information
can be found in Augyva's disclosure documents on the SEDAR website at
www.sedar.com. Augyva does not undertake to update any forward looking
information except in accordance with applicable securities laws.


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