AUV

Augyva Mining Resources Inc. (Augyva or the Company)(TSX VENTURE:AUV) today
announced that its Board of Directors had granted a total of 1,000,000 options
under the Company's Incentive Stock Option Plan to directors, officers and
consultants with vesting over twelve (12) months. The options are exercisable
for a term of 5 years at $0.125 per common share. The closing price of Augyva
shares on the TSX Venture Exchange on October 23, 2012 was $0.125. 


About the Duncan Lake Iron Property 

The DLIP, located approximately 570 km north of Mattagami and 50 km south of
Radisson Quebec, is approximately 130 km from the shore of James Bay and is
accessed by paved road. The property incorporates 534 exploration claims
covering 25,605 hectares. 


The DLIP is subject to a joint venture agreement between Century, which
previously held a 51% interest, and Augyva, which previously held a 49% interest
under an option and joint venture agreement dated May 20, 2008. 


Pursuant to the Option and Joint Venture Agreement on November 11, 2010, Century
completed its funding of $6 million to earn an initial 51% interest and
subsequently has provided notice to Augyva that it has increased its interest in
the property to 65% by expending a further $14 million. Augyva will retain a 35%
interest in the DLIP.


On August 27, 2012 Augyva issued a news release titled "Augyva Announces Updated
Duncan Lake Iron Project NI 43-101 Compliant Resource Estimate, Exceeds
Expectations". This news release can be found on the Company's website at
www.augyvamining.com 


A Preliminary Economic Assessment ("PEA") for the DLIP is currently underway by
Met-Chem and completion of the PEA is expected before year end 2012. 


About Augyva Mining Resources Inc.

Augyva Mining Resources Inc. (TSX VENTURE:AUV) is an exploration and development
company. Its major project is its interest in the DLIP in the western part of
the La Grande Greenstone Belt in Quebec. 


In addition to the Duncan Lake Iron 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.


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Peter Jones, Chairman & Interim CEO
Augyva Mining Resources Inc.
416-309-2198
www.augyvamining.com

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