Vancouver, B.C. -Augusta
Resource Corporation (“Augusta” or the “Company”) announces that it has
received receipt from applicable Canadian Securities Commissions for
its Final Short Form Prospectus dated April 25, 2006 qualifying the
distribution of 23,210,000 common shares, 11,605,000 share purchase
warrants and 1,392,600 non- transferable agents’ share purchase warrants
in connection with the offering of 23,210,000 Special Warrants of the
Company announced on March 17, 2006.
About the Company
Augusta is a mineral exploration and
development company responsibly advancing copper and other base metal
assets in the U.S. southwest. The Company’s Rosemont Property is located
in Pima County, approximately 50 km southeast of Tucson, Arizona, and
contains three known potentially open-pit copper/molybdenum (“Cu/Mo”)
deposits. The Rosemont deposit contain 6.4 billion lbs of Cu equivalent
(442,000,000 tons at 0.73% Cu equivalent) in measured and indicated
resources and 1.9 billion lbs of Cu equivalent (145,000,000 tons at
0.67% Cu equivalent) in inferred resources. Please refer to the
Company’s news release dated January 24, 2006 for further details.
Augusta has additional exploration properties in Nevada and New Mexico.
The Company is traded on the Canadian TSX Venture Exchange under the
symbol ARS.
For additional information please visit www.augustaresource.com or contact:
ON BEHALF OF THE BOARD OF DIRECTORS
“Gil Clausen”
_________________________
Gil Clausen
President and CEO
* NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES * OR FOR DISSEMINATION IN
THE UNITED STATES
FORWARD LOOKING STATEMENTS
The statements that are not historical
facts are forward-looking statements involving known and unknown risks
and uncertainties that could cause actual results to vary materially
from targeted results. Such risks and uncertainties include those
described from time to time in the Corporation's latest annual report and management
discussion and analysis. The Corporation assumes no obligation to
publicly update any forward-looking statements, whether as a result of
new information, future events or otherwise.