Mr. Benjamin Cox of Aston Bay reports

ASTON BAY HOLDINGS EXTENDS SPENDING PERIOD AND ENGAGES RED CLOUD MINING CAPITAL INC.

Aston Bay Holdings Ltd. has amended the terms of its option agreement with Commander Resources Ltd. to extend the initial earn-in period on the Storm project by two years.

"This is a beneficial change to our agreement on the Storm property, and we appreciate Commander's willingness to work with Aston Bay in these challenging market conditions," said Benjamin Cox, president and chief executive officer of Aston Bay. "The revised timeline and schedule of expenditures gives the company much greater flexibility in advancing the Storm project."

Under the terms of the revised option agreement, Aston Bay can now earn its initial 51-per-cent interest in the Storm property by incurring a maximum of $3.5-million in additional exploration expenditures, as follows:

• $750,000 during each of the 2015 and 2016 calendar years;
• $1-million during each of the 2017 and 2018 calendar years, or until the minimum is met.

In addition, Aston Bay retains the right to earn an additional 19-per-cent interest in Storm (for an aggregate 70-per-cent interest), as well as its buyout option, which would allow Aston Bay to gain an undivided 100-per-cent interest in the project.

Aston Bay today also announced that it has engaged Red Cloud Mining Capital Inc. as a non-exclusive independent contractor to provide strategic advisory services to the company. Red Cloud is known for its strong institutional relationships, as well as its ability to recognize companies and projects with significant value potential.

We seek Safe Harbor.