LA MACAZA, QC, April 21 /CNW Telbec/ - Augyva Mining Resources Inc. (TSXV: AUV) ("Augyva" or the "Company") announces that it has raised $2,631,825 in funds through the exercise of the "A" warrant expiring on April 15, 2011. Total warrants of 5,848,500, or 97.5% of "A" warrants issued, were exercised. Insiders exercised 1,979,000 warrants (or 100% of warrants issued to insiders) for total proceeds of $890,550. Following the exercise of their warrants, officers and directors now own 24.3% of the common shares of the Company.

"We are extremely pleased with the continued support of our shareholders and the $2.6 million will provide us with additional financial flexibility to fund exploration work on Augyva's projects and to pursue our overall expansion and acquisition strategy", said Georges-Yvan Gagnon, President and CEO.

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 under development is the Duncan Lake  iron ore Property located in the western part of the La Grande Greenstone Belt and hosts Algoma type iron deposits in a volcano-sedimentary sequence. The property, directly accessible by road, covers 5,848 hectares. Further to a drilling program of over 10,000 meters, completed in May 2009, a National Instrument 43-101 compliant technical report on the mineral resource estimate (the "Technical Report"), prepared by Met-Chem Canada Inc. ("Met-Chem"), was released in March 2010. Met-Chem has completed in December 2010 an internal opportunity study of the property. Augyva also awarded Roche Ltd. the mandate to carry out an environmental scoping study (ESS) for the project. Other iron and related opportunities continue to be evaluated on an ongoing basis.

In addition to advancing the Duncan Lake iron ore project, Augyva holds an 100% interest in four (4) other gold and base metal properties: Yasinski (gold, platinum, chromite and other base metals) and Kali (gold, copper and other base metals) in the James Bay region; and Senneville (gold) and Malartic (gold) in the Abitibi region.

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.

This news release does not constitute an offer to buy or sell, or the solicitation of an offer to buy or sell any of the securities of Niocan. Such an offer can only be made pursuant to an offer to purchase and accompanying offering circular filed with the securities regulatory authorities in Canada.

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 Augyva does not undertake to update any forward looking information except in accordance with applicable securities laws.


For further information:

Lynda Paulin
Augyva Mining Resources Inc.
Vice-president and Chief financial officer
819-275-2254 (FAX)

Frédéric Bérard, Attorney
Vice President
HKDP Communications and Public Affairs
Tel.: 514-395-0375, ext. 259

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