VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/23/14

Aegean Metals Group Inc. (TSX VENTURE: AGN)(FRANKFURT: A91) ("Aegean" or the "Company") is pleased to announce a private placement financing (the "Private Placement") of up to 2,000,000 common shares of the Company (the "Common Shares") at a price of C$0.05 per Common Share for aggregate proceeds of up to C$100,000.

The Company is also pleased to announce that Mariana Resources Limited (AIM: MARL) ("Mariana") has agreed to participate in the Private Placement for a total of C$50,000. Management and the Board of Directors are pleased to have Mariana take the lead order for the private placement as it further demonstrates their commitment to the binding Letter Agreement (the "Agreement"), announced on September 18th, 2014, pursuant to which both parties intend that Mariana will acquire all of the issued and outstanding Common Shares of Aegean by way of a statutory Plan of Arrangement (the "Transaction").

Complete details of the Agreement and Transaction may be found on the Company's website at http://aegeanmetalsgroup.com/_resources/news/nr_2014_09_18.pdf.

Proceeds from the Private Placement will be used for general and administrative expenses. The Private Placement is subject to the approval of the TSX Venture Exchange. Completion of the Transaction is subject to certain customary conditions, including receipt of all necessary court, shareholder, and regulatory approvals, including from the TSX Venture Exchange and the London-AIM.

About Aegean Metals Group Inc.

Aegean Metals Group Inc. (TSX VENTURE: AGN) is a Canadian junior exploration company focused on the acquisition, exploration and development of high grade gold, copper and polymetallic deposits in favourable jurisdictions that have the potential to become operating mines with strong cash flows. The Company currently holds two projects in Turkey: the recently optioned Hot Maden gold and base metal prospect in northeast Turkey and the Ergama high sulfidation epithermal gold prospect in western Turkey, where Aegean will ultimately retain a 49% interest upon completion of Teck Resources' back-in expenditure commitments. In northern Chile, the Company also recently staked two new exploration prospects, the Dona Ines gold-silver property and the Exploradora East prospect. For more details on the Company, please visit www.aegeanmetalsgroup.com.

Forward-Looking Statement

This news release includes certain "forward-looking information" within the meaning of that phrase under Canadian securities laws. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company contain forward-looking information that involves various degrees of risk. Forward-looking information reflects management's beliefs and assumptions and subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in such forward-looking information are reasonable, such information and statements are not guarantees of future performance and actual results or developments may differ materially from those in our forward-looking information. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking information: changes in the world wide price of commodities, general market conditions, risks inherent in exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. Additional information regarding the material factors and assumptions that were applied to develop this forward-looking information as well as the various risks and uncertainties we face are described in greater detail in the "Risk Factors" section of Management's Discussion and Analysis of our financial results and other continuous disclosure documents and financial statements we file with the Canadian securities regulatory authorities which are available at www.sedar.com. The Company undertakes no obligation to update this forward-looking information except as required by applicable law.

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.

Contacts:
Aegean Metals Group Inc.
Kelly Earle
Investor Relations
+1 778 838 3530
kearle@aegeanmg.com

Aegean Metals Group Inc.
Eric Roth
President & CEO
+569 8818 1243
eroth@aegeanmg.com