AUV

Augyva Mining Resources Inc. (TSX VENTURE:AUV) ("Augyva" or the "Company")
announced today that further to its press release of January 31, 2012, the TSX
Venture Exchange ("TSX-V") has conditionally approved the Company's intention to
commence a normal course issuer bid (the "Bid") to repurchase from time to time
up to 5,286,076 of its common shares (the "Shares"), representing 10% of its
public float in respect of the Shares. Purchases will be made for cancellation
through the facilities of the TSX-V. 


The Bid will commence on Friday, February 10, 2012 and will terminate Friday,
February 8, 2013. 


About Augyva Mining Resources Inc. 

Augyva is an exploration and development company holding five (5) properties
located in the James Bay and Abitibi regions of the Province of Quebec. Its
major project is its interest in the Duncan Lake Iron Ore Property located in
the western part of the La Grande Greenstone Belt. The property is accessible by
road and covers 25,602.54 hectares. A National Instrument 43-101 compliant
technical report on the mineral resource was prepared by Met-Chem Canada Inc.
dated February 03, 2010. The Duncan Lake Iron Ore Property is subject to a joint
venture agreement between Augyva and Century Iron Mines Corporation which has
earned a 51% interest and is currently making additional exploration
expenditures to increase their interest to 65%. 


In addition to the Duncan Lake Iron Ore Project, Augyva holds a 100% interest in
four other mineral properties, namely: Yasinski and Kali in the James Bay region
and Senneville and Malartic in the Abitibi region. At these mineral properties,
the exploration focus is for other than iron ore. 


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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