Augur completes process for direct majority ownership of Wonogiri

(August 9, 2012)--The Directors of Augur Resources Ltd (?Augur?) are pleased to advise that official approval has been received confirming the conversion of PT Alexis Perdana Mineral, the holder of the Wonogiri licence, to an official foreign owned company (locally known in Indonesia as a ?Penanaman Modal Asing? or ?PMA?).

Augur?s wholly owned subsidiary, Wonogiri Pty Ltd, is now the registered holder of 90% of PT Alexis Perdana Mineral, thereby ensuring that Augur?s ownership of its interest in the Wonogiri licence is secure.

Augur?s 90% registered interest in PT Alexis Perdana Mineral represents a 51% beneficial ownership which will be increased to 80% by the expenditure of approximately a further US$150,000 on exploration and development by December 2012 with the remaining 10% interest held on behalf of PT Oxindo, a subsidiary of the Minerals and Metals Group, Augur?s joint venture partner.

The conversion of PT Alexis Perdana Mineral to PMA status could only be achieved by the continued support and goodwill of our Indonesian joint venture partners. Augur appreciates the efforts of our partners in achieving this milestone.

As previously advised, the Wonogiri licence area contains the Randu Kuning gold-copper deposit which has a combined JORC Measured, Indicated and Inferred Resource estimate containing approximately 1.54 million gold equivalent ounces. (ends)