Aegean Metals Group Inc. Announces Shareholder Approval of Acquisition by Mariana Resources Limited

VANCOUVER, Jan 6, 2015 - Aegean Metals Group Inc. (TSX VENTURE:AGN) (FRANKFURT:A91) ("Aegean" or the "Company") is pleased to announce that Aegean's shareholders unanimously approved the previously announced plan of arrangement (the "Arrangement") whereby Mariana Resources Ltd. ("Mariana") is to acquire all of the issued and outstanding common shares of Aegean (the "Aegean Shares").

At Aegean's special shareholder meeting held earlier today, votes representing 46.37% of the outstanding shares of Aegean as at the record date were cast. All votes cast by shareholders present in person or represented by proxy were voted in favour of the special resolution approving the Arrangement.

Closing of the Arrangement will occur following receipt of regulatory and court approvals together with customary closing deliveries.


About Aegean Metals Group Inc.

Aegean Metals Group Inc. (TSX-V: AGN) is a Canadian junior exploration company focused on the acquisition, exploration and development of high grade gold, copper and polymetallic deposits in favourable jurisdictions that have the potential to become operating mines with strong cash flows. The Company currently holds two projects in Turkey: the recently optioned Hot Maden gold and base metal prospect in northeast Turkey and the Ergama high sulfidation epithermal gold prospect in western Turkey, where Aegean will ultimately retain a 49% interest upon completion of Teck Resources' back-in expenditure commitments. In northern Chile, the Company also recently staked two new exploration prospects, the Doña Inés gold-silver property and the Exploradora East prospect. For more details on the Company, please visit www.aegeanmetalsgroup.com.


Forward‐Looking Statement

This news release includes certain "forward‐looking information" within the meaning of that phrase under Canadian securities laws. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company contain forward-looking information that involves various degrees of risk. Forward‐looking information reflects management's beliefs and assumptions and subject to known and unknown risks and uncertainties, both general and specific to the Company. Although the Company believes the expectations expressed in such forward‐looking information are reasonable, such information and statements are not guarantees of future performance and actual results or developments may differ materially from those in our forward-looking information. The following are important factors that could cause the Company's actual results to differ materially from those expressed or implied by such forward-looking information: changes in the world wide price of commodities, general market conditions, risks inherent in exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. Additional information regarding the material factors and assumptions that were applied to develop this forward-looking information as well as the various risks and uncertainties we face are described in greater detail in the "Risk Factors" section of Management's Discussion and Analysis of our financial results and other continuous disclosure documents and financial statements we file with the Canadian securities regulatory authorities which are available at www.sedar.com. The Company undertakes no obligation to update this forward‐looking information except as required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contact

Aegean Metals Group Inc.
Kelly Earle, Investor Relations
+1 778 838 3530
kearle@aegeanmg.com

Aegean Metals Group Inc.
Eric Roth, President & CEO
+569 8818 1243
eroth@aegeanmg.com
www.aegeanmetalsgroup.com