Astur Gold September 2016 Letter to Shareholders

VANCOUVER, BC--(Marketwired - September 19, 2016) - Astur Gold Corp. (TSX VENTURE: AST) (FRANKFURT: CDC) ("Astur" or the "Company") Brian Wesson releases the following letter on behalf of the Board of Directors.

Dear Shareholders,

I would like to take this opportunity to introduce myself, provide a corporate update and outline the immediate path forward for the Company.

Over the past 12 months, Lionsbridge (the Company's new management team) has undertaken a comprehensive review of the Company with a view to understanding the issues of the past and the potential to unlock shareholders' value. Based on this review, it is evident to Lionsbridge that Astur holds significant value and that the challenges facing the Company could be resolved by a new management team and philosophy. As a result, in August 2016, Lionsbridge was pleased to take over management and join the Board of Directors of the Company.

We are excited by the prospect of developing the Salave project and look forward to growing the Company and shareholder wealth through the ensuing years.

Corporate Update

Recently, there have been some significant developments for both the Company and the Salave project.

Notably, the Supreme Court of Spain handed down a decision confirming the the decision of the Mining Department of Asturias in 2014 that mining concessions of EMC (wholly-owned subsidiary of Astur) are in good standing. The decision was made in response to an administrative challenge to the Mining Department's decision not to investigate a claim that the concessions were at risk. It is important to note that the Company currently holds mining concessions giving the Company the right to develop the resources located within the concessions. The Company is currently in the process of applying for the Administrative Mining Project Authorisation as supported by an Environmental Impact Declaration ('EID'). The EID is in turn supported by assessments by relevant government departments. The water authority assessment being the only negative assessment in the EID and therefore being the final hurdle before achieving the Administrative Mining Project Authorisation.