AUV

TORONTO, Aug. 9, 2011 /CNW/ -- TORONTO, Aug. 9, 2011 /CNW/ - Augyva Mining Resources Inc. (TSX-V: AUV) ("Augyva") board Chairman, Sandy Chim, and independent directors Kerry Damon Smith and Michael Skutezky, as well as Dr. Augustine Chow, released the following statement today: "We were surprised to learn that management had issued a press release yesterday morning claiming that Mr. Robert Tremblay had been appointed to our board as a new director and that Dr. Augustine Chow had resigned as a director. At no time was Mr. Tremblay appointed to the board of directors. There is no question about this. The circumstances surrounding Dr. Chow's purported resignation are currently being reviewed by the independent directors and counsel. The Chairman has called a board meeting for Saturday, August 13, 2011 and has consulted with counsel to review the situation and work with management to discuss the proper legal proceedings to rectify the situation.  Up to the point of this release there has been no satisfactory response. In addition, at this time, no Management Information Circular for the upcoming August 29, 2011 Annual General Meeting has been properly approved by the board of directors. The result is that the circular that was issued yesterday was not properly issued. The TSX Venture Exchange has also been briefed on this situation. Appropriate updates will be provided to the market." About Augyva Mining Resources Inc. Augyva is an exploration and development company holding five (5) properties located in the James Bay and Abitibi regions in the Province of Quebec.  Its major project under development is the Duncan Lake Property located in the western part of the La Grande Greenstone Belt and hosts Algoma type iron deposits in a volcano-sedimentary sequence.  The property, directly accessible by road, covers 5,848 hectares.  Further to a drilling program of over 10,000 meters, completed in May 2009, a National Instrument NI 43-101 compliant technical report on the mineral resource estimate (the "Technical Report"), prepared by Met-Chem Canada Inc. ("Met-Chem"), was released in March 2010.  Met-Chem has further continued to carry out an internal opportunity study of the property.  Augyva also awarded Roche Ltd. the mandate to carry out an environmental scoping study (ESS) for the project.  Other iron and related opportunities continue to be evaluated on an ongoing basis. In addition to advancing the Duncan Lake Iron Ore Project, Augyva holds an 100$ interest on four (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.  For more information about Augyva, go to www.augyva.com. Neither the 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. This news release may contain certain forward-looking information.  All statements include 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. To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/August2011/09/c2666.html p Kerry Damon Smithbr/ Independent Directorbr/ Augyva Mining Resources Inc.br/ Tel: 416-573-0840 /p

Copyright