August Metal Corporation - Annual General and Special Meeting Results

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

News Release

August Metal Corporation - Annual General and Special Meeting Results

Vancouver, B.C. May 10, 2013 – August Metal Corporation ("August Metal" or the "Company") (AGP.TSXV) At the company’s recent annual general and special meeting of shareholders all resolutions were approved and the current directors were re-elected. The Board of Directors is composed of Clive Brookes, Chris Verrico, Bruno Fruzcalzo, Sean O’Neill and Peter Born. Clive Brookes continues as President/CEO and Bruno Fruzcalzo as CFO. A special resolution was approved for a consolidation of the Company’s shares on the basis of up to 10 pre-consolidation shares for each postconsolidation share and to authorize the directors of the Company to change the name of the Company. The Company currently has 33,603,645 common shares outstanding. After giving effect to a 10:1 consolidation, the Company would have approximately 3,360,365 shares outstanding. The consolidation ratio may be decreased to less than 10:1 at the discretion of the directors and there is no current schedule to complete the proposed consolidation and name change. Both the consolidation and name change would be subject to acceptance by the TSX Venture Exchange.

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.

This release may contain forward-looking statements or statements relating to matters that involve a number of risks and uncertainties. Actual events or results could differ materially from the Company’s expectations