Azarga Metals Comments ON Recent Share Trading

AZARGA METALS CORP.

UNIT 1 – 15782 MARINE DRIVE, WHITE ROCK, B.C. V4B 1E6, CANADA

www.azargametals.com

FOR IMMEDIATE RELEASE

6 April 2017 TSX-V: AZR

AZARGA METALS COMMENTS ON RECENT SHARE TRADING

AZARGA METALS CORP. ("Azarga Metals" or the “ Company”) (TSX-V:AZR) notes

its shares fell by 20% on Wednesday 5 April on extremely high trading volume relative

to typical volume. Having investigated the activity, the Company is aware that a single

holder exited its entire position of 1.25 million shares via the market on that day. Azarga

Metals understands the holding was a legacy institutional holding from the days of

European Uranium Resources and that the holding was sold in its entirety due to the

fund being wound up.

Azarga Metals continues to be excited by the positive prog ress being made at its Unkur

Copper-Silver Project including its significant maiden Mineral Resource that was

announced earlier in the week.

About Azarga Metals Corp.

Azarga Metals is a mineral exploration and development company that owns 60% of the

Unkur Copper-Silver Project in the Zabaikalsky province in eastern Russia.

AZARGA METALS CORP.

"Dusty Nicol"

Dorian L. (Dusty) Nicol, President and CEO

For further information please contact: Doris Meyer, at +1 604 536-2711 ext 6, or visit

www.azargametals.com.

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 release.