Augyva Mining Resources Inc. reported 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. 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 Mining Resources Inc. announced that it has received the results of a Preliminary Economic Assessment prepared by Met-Chem Canada Inc. for the Company's 35% owned Duncan Lake Iron Project in northern Quebec. Augyva and Century Iron Mines Corporation are joint venture partners on the Duncan Lake Project. The PEA is based on the production of 12 Mtpy of acid pellets (66.3% Fe, 5.1% SiO2) year-round from the Duncan Lake deposits 3 and 4. Mined resources will be transported to the concentrator located near deposit 3. Concentrate will be pumped from the concentrator 135 km by pipeline to the pellet plant close to the town of Chisasibi on the shore of James Bay, near Stromness Island. Pellets will be stored close to the pellet plant and the Duncan Lake dedicated port, and then shipped to ports in Europe and China, during the 4 month ice-free period. The project is planned as a mixed local and fly-in/fly-out operation, with camps in Radisson and at the proposed pellet and port facilities near Chisasibi.

Augyva Mining Resources Inc. announced at the annual general and special meeting of shareholders held on August 29, 2012, the shareholders elected the incumbent management nominees, Messrs. Farhad Abasov, Kuldeep Billan, Sandy C.K. Chim, Peter R. Jones, John Knowles, C. Nigel Lees and Michael R Skutezky, to serve as directors of the Company for the ensuing year. Following the Meeting, the board of directors elected Mr. Peter R. Jones as Chairman of the board and confirmed his ongoing role as Interim CEO of the Company. Mr. Jeffrey Sherman will be stepping down as CFO of the company, effective the end of September 2012.