Azarga Metals Drills 10m at 134.2g/t Silver and 1.63% Copper at Unkur and Further Expands Drilling Program

AZARGA METALS CORP. (“Azarga Metals” or the “Company”) (TSXV:AZR) announces: new assay results from its Unkur Silver-Copper Project in the Zabaikalsky administrative region of eastern Russia; confirmation of a second (previously undiscovered) horizon of significant mineralization; a further expansion of its first phase drilling program to approximately 6,200 cumulative linear meters; identification of visible copper mineralization in two trenches; and the retention of SRK Consulting (Russia) Ltd. (“SRK”) to prepare a maiden NI 43-101 Resource estimate.

HIGHLIGHTS

• Assays for four new holes received. All intersected significant mineralization. Highlights include:
  
  • 10 meters at 134.2g/t silver and 1.63% copper, with a six meter sub-section at 194.5g/t silver and 2.42% copper in drill-hole AM-017; and
  • 11 meters at 58.0g/t silver and 0.87% copper in drill-hole AM-004

• Lower mineralized zone observed previously in drill-hole AM-001 now confirmed as stratigraphically distinct from the upper zone, resulting in confirmation of a second distinct mineralized zone (“Unkur Lower” zone)
• Expansion of first phase drilling program by an additional approximately 1,200 meters to approximately 6,200 meters
• Expanded drilling program to be funded with existing cash
• Visible copper mineralization exposed in two trenches
• SRK retained to prepare a maiden Resource estimate, with results expected after the first phase exploration program is complete in Q1 2017

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