Azarga Metals Increases Planned Private Placement

AZARGA METALS CORP. (“Azarga Metals” or the “Company”) (TSXV:AZR) is pleased to announce that due to demand it has increased its previously announced non-brokered private placement from $1,000,000 to up to $1,100,000. The Company will issue up to 3,437,500 units at a price of $0.32 per unit (the “Unit”) for gross proceeds of up to $1,100,000, Each Unit consists of one common share of the Company (each, a “Share”) and one-half of one Share purchase warrant (each whole warrant, a “Warrant”). One Warrant entitles the holder thereof to purchase one Share of the Company at a price of $0.40 per Share for a period of 12-months from the closing of the Private Placement. The Shares issued in connection with the Private Placement will be subject to a four-month hold period.