El Capitan Option Agreement Terminated

4005 – 1011 West Cordova Street Tel (604) 408-1990 Vancouver, BC V6C 0B2 Fax (604) 608-4822 www.augustmetal.com email: [email protected]

NEWS RELEASE

June 4, 2012

El Capitan Option Agreement Terminated

(Vancouver) August Metal Corporation (“August” ) (AGP:TSXV) August has received notice of termination of the option agreement between Terra Nova Minerals, Inc. and August dated Oct. 8, 2010, and amended Dec. 15, 2011, for Terra Nova to earn a 50% interest in August’s El Capitan property in British Columbia.

On behalf of the Board of Directors August Metal Corporation

Clive Brookes President

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.

Certain disclosure in this release constitute forward-looking statements that are subject to numerous risks, uncertainties and other factors relating to the Company’s operation as a mineral exploration company that may cause future results to differ materially from those expressed or implied by those forward-looking statements. Readers are cautioned not to place undue reliance on these statements as they involve known and unknown risks, uncertainties and other factors that may cause a change in assumptions and the actual outcomes and estimates may be materially different from the estimated or anticipated future results, achievements or positions expressed or implied by those forward-looking statements. The Company disclaims any intentions or obligations to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.