DGAP-News

ASTUR GOLD CORP. EXPANDS SALAVE CONCESSIONS BY OVER 600%

DGAP-News: Astur Gold Corp. / Key word(s): Miscellaneous
ASTUR GOLD CORP. EXPANDS SALAVE CONCESSIONS BY OVER 600%

15.08.2011 / 14:49

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Vancouver, BC - Astur Gold Corp. (TSX-V: AST, Frankfurt: CDC) (´Astur Gold´
or the ´Company´) announces success in securing additional concessions
totaling 2765 contiguous hectares surrounding its Salave deposit. The
Exploration Permit granted by the General Directorate of Mines and Energy
of the Principality of Asturias allows Astur Gold to explore for additional
gold resources in the area surrounding the Salave deposit. The Company has
committed to invest at least EUR570,000 over the next 3 years to maintain
the property in good standing. This increases the total mineral rights area
owned by the Company in Asturias to 3198 hectares and includes the area
under consideration for operations and processing of the planned mine.

Cary Pinkowski, CEO & Director commented, ´We are pleased to have obtained
these concessions surrounding Salave. It substantially expands our project
area and includes the land we are evaluating for the processing plant and
tailings area.  This is a significant step toward increasing activities
related to mine development and possible expansion of the resource. We are
fulfilling our commitment to our supporters in Asturias awaiting jobs and
economic growth resulting from the success this project.´

There is excellent exploration potential at Salave, with four of the
principal high grade zones of mineralization open at depth. Additional
exploration areas to the west have also yet to be tested. Previous
metallurgical tests indicate gold recoveries in the order of 90% are
possible. The region boasts excellent infrastructure and a history of
mining that will help support future mine development. Astur Gold is
advancing Salave towards production and cultivating an enduring partnership
with the people of Asturias in developing economic prosperity for the
region.

ABOUT ASTUR GOLD

The Company is developing its 100% owned Salave Gold Project in northern
Spain. Salave is one of the largest undeveloped gold deposits in Western
Europe, containing a NI 43-101 compliant mineral resource estimate of
1,683,000 oz Au in the Measured & Indicated category (2,155,000 tonnes
grading 3.88 g/t Au Measured and 15,790,000 tonnes grading 2.79 g/t Au
Indicated) with an additional 338,000 oz Au in the Inferred category
(3,770,000 tonnes grading 2.8 g/t Au). The mineral resource was estimated
by Scott Wilson RPA in the NI 43-101 report, ´Technical Report on Salave
Gold Deposit, Spain´, dated March 5, 2010 available on SEDAR.

Salave is also subject to a Preliminary Economic Assessment (´PEA´) by
Golder Associates titled, ´Preliminary Economic Assessment on the Salave
Gold Project, Asturias Region, Spain´, dated February 12, 2011 available on
SEDAR. The PEA investigates three mining methods and two processing options
using a base case gold price of US$1,100 per ounce and throughput rate of
1.1 million tonnes per year. It shows NPV ranging from US$374 Million to
US$576 Million using a 5% discount rate; IRR ranging from 34% to 54%; and
pre-production capital expenditure payback period ranging from 2.0 to 3.1
years.

ON BEHALF OF THE BOARD
Signed ´Cary Pinkowski´
Cary Pinkowski, Chief Executive Officer and Director

FOR FURTHER INFORMATION PLEASE CONTACT:
Vadim Dubchak
#300-1055 West Hastings Street,
Vancouver, B.C., V6E2E9                                                    
Tel: [phone]
Fax: [phone]
[e-mail]
www.asturgold.com

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. Mineral
resources that are not mineral reserves do not have demonstrated economic
viability. This document contains certain forward looking statements which
involve known and unknown risks, delays and uncertainties not under the
Company´s control which may cause actual results, performance or
achievements of the Company to be materially different from the results,
performance or expectation implied by these forward looking statements.

End of Corporate News

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15.08.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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135725 15.08.2011