Astorius Financing over-Subscribed Private Placement Agreements Now Signed for $517,250

ASTORIUS RESOURCES LTD.

304 – 700 West Pender Street Vancouver, BC V6C 1G8 Tel: 778-999-2159

Email: [email protected] Website: www.astoriusresources.com

August 16, 2016 Symbol “ASQ”: TSX Venture Exchange

NEWS RELEASE

ASTORIUS FINANCING OVER-SUBSCRIBED PRIVATE PLACEMENT AGREEMENTS NOW SIGNED FOR $517,250

Astorius Resources Ltd. ("Astorius” or the (“Company”) is pleased to announced that it has signed private placement agreements for the sale of 4,138,000 Units at a price of $0.125 per Unit – to provide gross proceeds of $517,250. Each Unit will consist of one share of the Company and one share purchase warrant. Each warrant will be exercisable to purchase a share of the Company for $0.15 for a 5 year term subject to acceleration provisions.

This announcement replaces the Astorius announcement on August 2, 2016 that it had then signed agreements to raise $300,000.

The closing of the placements is subject to acceptance for filing by the TSX Venture Exchange.

Astorius will pay finders’ fees of 8.0% with respect to the placements.

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 News Release.