Mr. Cary Pinkowski reports

ASTUR GOLD SUBMITS APPLICATION FOR MOKRSKO GOLD DEPOSIT IN CZECH REPUBLIC

Astur Gold Corp.'s wholly owned Czech subsidiary Astur Bohemia SRO has applied for the establishment of a five-year exploration area licence covering the Mokrsko, Mokrsko-East and Prostredni Lhota-Celina gold deposits located in Stredocesky Kraj region. The administrative proceeding commenced as required by Czech law and a notice was posted in the Business Journal in accordance with the legislation of the Czech Republic. No other competing applications for the establishment of an exploration area for these deposits were registered during the mandatory 30-day period. As the sole applicant, Astur Bohemia has positioned itself for Mokrsko, which is one of the largest gold deposits in Central Europe.

The Mokrsko deposit has been identified by geologist Dr. Petr Moravek and others as the largest gold deposit in the Bohemian massif, which is a richly mineralized area with a mining history dating back nearly 3,000 years. Several deposits have been exploited since the 14th century, but Mokrsko went unnoticed until the 1980s. In the 1980s, a state-owned company called Geoindustria initiated major exploration under the leadership of Dr. Moravek. Detailed exploration of a soil anomaly including drilling and underground workings delineated a low-grade, large-tonnage deposit. Mokrsko is accessible by the Josef adit built during this exploration.

In the 1990s Rio Tinto conducted exploration on Mokrsko, but withdrew from the Czech Republic in 1996 when legislation imposed a moratorium on gold exploration and mining in the Czech Republic.

The moratorium on gold exploration and mining is expected to be lifted in the near future through the anticipated ratification of the new Raw Materials Policy by the new Czech government. Astur Gold's application is currently being held in abeyance, pending the legislative change. The Ministry of the Environment of the Czech Republic has requested more information from Astur Bohemia. Astur Gold regards Mokrsko as a long-term project and intends to keep expenditures low until the law is changed.

We seek Safe Harbor.