Aston BAY Holdings Grants Options
FOR IMMEDIATE RELEASE TSX-V: BAY
ASTON BAY HOLDINGS GRANTS OPTIONS
March 10, 2020 - Aston Bay Holdings Ltd. (TSX -V:BAY; OTCQB:ATBHF) (“Aston Bay” or the
“Company”) announces that it has granted stock options in accordance with the terms and
conditions of its rolling Stock Option Plan, entitling the purchase of an aggregate 3,500,000
common shares by certain officers, directors, consultants, employees and advisors to the
Company. Each stock option will be exercisable at $0.06 per common share until March 10, 2027.
About Aston Bay Holdings
Aston Bay is a publicly traded mine ral exploration company exploring for gold and base metal
deposits in Virginia, USA, and Nunavut, Canada. The Company is led by CEO Thomas Ullrich with
exploration in Virginia directed by the Company’s advisor, Don Taylor, the 2018 Thayer Lindsley
Award winner for his discovery of the Taylor Pb-Zn-Ag Deposit in Arizona
The Company has also acquired the exclusive rights to an integrated dataset over certain
prospective private lands at the Blue Ridge Project and has signed agreements with timber and
land companies which grants the company the option to lease the mineral rights to 11,065 acres
of land located in central Virginia. These lands are located within a gold -copper-lead-zinc
mineralized belt prospective for Carolina slate belt gold deposits, as well as sedimentary VMS,
exhalative (SEDEX) and Broken Hill (BHT) type base metal deposits. Don Taylor, who led the
predecessor company to Blue Ridge and assembled the dataset, has joined the Company’s
Advisory Board and will be directing the Company’s exploration activities for the Blue Ridge
Project. The Company is actively exploring the Buckingham Gold Project in Virginia and is in
advanced stages of negotiation on other lands in the area.
The Company is also 100% owner of the Aston Bay Property located on western Somerset Island,
Nunavut, which neighbours Teck’s profitable, past-producing Polaris (Pb-Zn) Mine just 200km to
the north. The Aston Bay Property hosts the Storm Copper Project and the Seal Zinc Deposit with
drill-confirmed presence of sediment-hosted copper and zinc mineralization.
The Company’s public disclosure documents are available on www.sedar.com.
FORWARD-LOOKING STATEMENTS
Statements made in this press release, including those regarding the closing and the use of
proceeds of the private placement, management objectives, forecasts, estimates, expectations,
or predictions of the future may constitute “forward-looking statement”, which can be identified
by the use of conditional or future tenses or by the use of such verbs as “believe”, “ex pect”,
“may”, “will”, “should”, “estimate”, “anticipate”, “project”, “plan”, and words of similar import,
including variations thereof and negative forms. This press release contains forward -looking
statements that reflect, as of the date of this press rel ease, Aston Bay’s expectations, estimates
and projections about its operations, the mining industry and the economic environment in
which it operates. Statements in this press release that are not supported by historical fact are
forward-looking statements, meaning they involve risk, uncertainty and other factors that could
cause actual results to differ materially from those expressed or implied by such forward-looking
statements. Although Aston Bay believes that the assumptions inherent in the forward- looking
statements are reasonable, undue reliance should not be placed on these statements, which
apply only at the time of writing of this press release. Aston Bay disclaims any intention or
obligation to update or revise any forward- looking statement, whether as a result of new
information, future events or otherwise, except to the extent required by securities legislation.
We seek safe harbour.
Neither TSX Venture Exchange nor its regulation services provider (as that term is defined in
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
news release.
FOR ADDITIONAL INFORMATION CONTACT:
Thomas Ullrich, Chief Executive Officer
Telephone: (416) 456-3516
Sofia Harquail, IR and Corporate Development
(647) 821-1337