Augyva Announces Director Resignation and Duncan Lake Iron Project Claims Ownership Changes

MONTREAL, 04/01/13 - Augyva Mining Resources Inc. ("Augyva or the Company") (TSX VENTURE: AUV) reports that John L. Knowles has resigned from the board of directors of the Company, effective April 1, 2013 in order to concentrate on his other business interests. Mr. Knowles has served as a director since August 2011 and the board wishes to thank him for his invaluable contributions as a director and as chairman of the Audit Committee as well as a member of the Corporate Governance and Nominating Committee.

The Augyva board plans not to immediately seek to fill the vacancy created by Mr Knowles resignation and has elected Mr. Farhad Abasov to the Audit Committee and Mr. Michael Skutezky to the Corporate Governance and Nominating Committee, effective immediately. Both Mr. Abasov and Mr. Skutezky are directors of the Company.

Augyva also announces that together with Century Iron Mines Corporation, Augyva's joint venture partner on the Duncan Lake Iron Project, it has filed with the Quebec government instructions to change Duncan Lake Iron Project claims to an ownership of 35% Augyva and 65% Century Iron Mines Corporation. The ownership change is consistent with completion by Century Iron Mines Corporation of its previously announced expenditures to earn-in to 65% ownership of the Duncan Lake Iron Project.

Recently a Preliminary Economic Assessment of the Duncan Lake Iron Project was completed and was news released on March 22, 2013; an NI43-101 compliant technical report by Met-Chem Canada Inc. is expected to be filed on SEDAR within 45 days following March 22, 2013. The news release can be found at Augyva's website and on SEDAR.


Cautionary Statement

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.

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.



Contacts:

Peter R. Jones, Chairman & Interim CEO
Augyva Mining Resources Inc.
416-309-2198
www.augyvamining.com