August Metals Corp. (TSX VENTURE:AGP) is pleased to provide drill core results
for the phase one drill program at the Las Lajas gold project in southern Sonora
State, Mexico. A total of 18 holes (2,754 meters) were drilled to test a number
of targets defined and untested by previous operators, and targets generated by
the recently completed mechanical trenching program on the 16,311 hectare Las
Lajas gold project (see Company news release dated May 16, 2011). See the
company website for maps and NI 43-101. 


Five holes (LJ11-01 - LJ11-05) were oriented to test the Peluchin West area
where trenching had discovered three new mineralized trends (A, B and C) in
oxidized greenschist locally intruded by felsic dykes. The best result from this
area was in hole LJ11-04 which returned 3.05 meters grading 2.31 g/t gold. 


Five holes (LJ11-06 - LJ11-10) were drilled to test the El Terco, a gold-rich
silicified zone, hosted in greenschist intercalated with, and underlain by,
limestone that trends north-northeast and dips moderately west-northwest.
Mineralization has been partially exposed over an area 600 meters long and 200
meters wide by numerous shallow artisanal mines and a 30 meter deep shaft. The
best result of the five widely spaced holes at El Terco was 1.4 meters grading
2.22 g/t gold in hole LJ11-07.


Two holes (LJ11-11 - LJ11-12) were drilled to investigate the Las Avispas, a
zone of easterly trending intermediate sulphidation epithermal quartz veins and
breccias that outcrop discontinuously over a 1.3 kilometer-long strike length.
The veins and breccias are hosted in thinly bedded limestones and intercalated
schists that strike easterly and dip moderately to the north. The best result
from this zone was in hole LJ11-12 which returned 1.15 meters grading 1.185 g/t
gold.


Two holes (LJ11-13 & LJ11-18) were drilled to test the El Peluchin area where
mineralization occurs in grey quartz veins hosted in muscovite schist. The two
holes targeted the down dip extension of the historic El Peluchin open-cut and
it's extension to the northwest. Results from the drilling included 1.6 meters
grading 2.10 g/t gold in hole LJ11-13 and 5.0 meters grading 2.0 g/t gold,
including 1.6 meters grading 5.11 g/t gold in hole LJ11-18.


One hole (LJ11-14) was drilled at El Triunfo where mineralization consists of
copper-rich chrysocolla and chalcocite hosted in foliation parallel fractures in
green schist west of a monzodiorite porphyry. As well, three holes (LJ11-15 -
LJ11-17) were drilled to investigate the Peluchin Northwest extension, an area
underlain by green schists with minor intercalated limestones that are intruded
by a granodiorite stock. No significant results were obtained from these four
holes. 




PHASE 1 DRILL RESULTS, LAS LAJAS, NAVOJOA, SONORA, MEXICO                   
----------------------------------------------------------------------------
Hole ID           From (m)   To (m) Intercept Length (m)  Au (g/t)  Ag (g/t)
----------------------------------------------------------------------------
LJ11-01                          No Significant Results                     
----------------------------------------------------------------------------
LJ11-02                          No Significant Results                     
----------------------------------------------------------------------------
LJ11-03                 1      3.2                  2.2     0.308       6.4 
----------------------------------------------------------------------------
LJ11-04            129.35    132.4                 3.05      2.31           
----------------------------------------------------------------------------
        includes   129.35   131.15                  1.8      3.73           
----------------------------------------------------------------------------
LJ11-05                          No Significant Results                     
----------------------------------------------------------------------------
LJ11-06             44.25       47                 2.75     0.496      2.78 
----------------------------------------------------------------------------
LJ11-07              31.6       33                  1.4      2.22           
----------------------------------------------------------------------------
LJ11-08                          No Significant Results                     
----------------------------------------------------------------------------
LJ11-09                          No Significant Results                     
----------------------------------------------------------------------------
LJ11-10              49.9    51.85                 1.95      0.68           
----------------------------------------------------------------------------
LJ11-11                          No Significant Results                     
----------------------------------------------------------------------------
LJ11-12              40.2    41.35                 1.15     1.185      14.3 
----------------------------------------------------------------------------
LJ11-13              28.7    33.35                 4.65     0.908      6.84 
----------------------------------------------------------------------------
        includes    31.75    33.35                  1.6       2.1           
----------------------------------------------------------------------------
LJ11-14                          No Significant Results                     
----------------------------------------------------------------------------
LJ11-15                          No Significant Results                     
----------------------------------------------------------------------------
LJ11-16             102.2    103.4                  1.2     0.915      13.3 
----------------------------------------------------------------------------
LJ11-17                          No Significant Results                     
----------------------------------------------------------------------------
LJ11-18              28.6     29.4                  0.8     1.075           
----------------------------------------------------------------------------
                    116.4    121.4                    5         2      2.72 
----------------------------------------------------------------------------
        includes    116.4      118                  1.6      5.11       3.4 
----------------------------------------------------------------------------



The 2011 phase one drill program at Las Lajas provided a preliminary widely
spaced investigation of a number of gold targets defined and untested by
previous operators, and targets generated by programs of soil geochemical
sampling and mechanical trenching conducted by August Metals Corp and Minera
Goldzone. Gold mineralization occurs in poorly understood, structurally complex
zones often associated with felsic dykes and alkalic stocks. August Metals is
retaining a consulting structural geologist to assist the company in
interpreting the results of the 2011 trenching and diamond drilling programs,
and make recommendations to test the widespread gold mineralization at Las Lajas
for both high grade structurally controlled and bulk tonnage gold deposits. 


This news release was reviewed by Michelle Robinson, MASc., P.Eng., August Metal
Corp.'s independent Qualified Person as defined by NI 43-101. In compliance with
National Instrument 43-101 protocol, all drill core samples were sawn in half at
the secure site, and one-half core samples were numbered and bagged generally
over intercepts of 1-2 meters in core length. The remaining half of the core was
saved and securely stored in plastic trays at a secure site. The samples were
labeled, sealed in plastic bags and then collected in grain sacks. Blind
standard and blank samples were inserted at random in the sample stream. From
the field, the samples were shipped by courier to ALS Chemex de Mexico S.A. de
C.V. in Hermosillo for preparation. The samples were weighed, logged, crushed,
pulverized then fine crushed. The samples were then split with a riffle splitter
and pulverized to 85 percent less than 75 microns. Prepared pulps were then sent
to Chemex's main lab in Vancouver, B.C., Canada, for analysis. Gold was
determined using a fire assay of a 50 gram pulp with an AA finish (AU-AA24).
Base metals and silver were determined using ICP-AES methods on a 0.5 gram pulp
dissolved in hot aqua regia (ME-ICP41). Chemex's quality control system complies
with the requirements for the International l Standard ISO 9001:2000 by
monitoring analytical accuracy and precision with the insertion and analysis of
blanks, reference standards and duplicate samples.


Reza Mohammed BSc., President 

August Metal Corp.

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.
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