Astur Gold Corp.: Results of AGM and Proposed Name Change

VANCOUVER, BC--(Marketwired - October 12, 2016) - Astur Gold Corp. (TSX VENTURE: AST) (FRANKFURT: CDC) ("Astur" or the "Company") is pleased to report that the Company's shareholders approved all matters considered at the Annual General Meeting and Extraordinary General Meeting held October,11 2016.The matters approved included the election of four directors, being Brian Wesson, Clyde Wesson, Mark Gelmon and Christopher Towsey, the appointment of auditors, the approval of the Company's stock option plan, the adoption of certain amendments to the Company's articles and the approval of the Company's Services Agreement with Lionsbridge Capital Pty Ltd and Westech International Pty Ltd (see press releases dated August 10, 2016 and July 12, 2016). These matters were outlined in the information circular dated September 11, 2016, available on SEDAR at www.sedar.com.

Following the AGM, the board of directors reappointed Brian Wesson as Chief Executive Officer and President, appointed Clyde Wesson as Chief Operating Officer and Vice President, reappointed Amelia Wesson as VP Administration, Marion McGrath as Corporate Secretary and Mark Gelmon as Chief Financial Officer. Mr. Gelmon subsequently resigned from the board of directors, to accommodate the appointment of Stephan Kim as a director of the Company. The appointment of Stephan further enhances the depth of experience and independence of the Board.

Mr. Kim is a senior foreign attorney at Lee International IP & Law Group in Seoul, Korea. His focus areas are cross-border M&A, project financing, International tax, private equity, real estate development, mining and mineral resources, and related corporate matters. Mr. Kim holds an LLM from New York University and a J.D. from Georgetown University.

Following the adoption of such amendments to the Company's articles, the Company will change its corporate name from "Astur Gold Corp." to "Black Dragon Gold Corp." and a change of its trading symbol from "AST.V" to "BDG.V". The name and symbol change will be effective at market open on October 14, 2016.

Signed "Brian Wesson"
President and Chief Executive Officer

Neither the 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.