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Austin Resources Announces AGM Results

TORONTO, Sep 12, 2017 (GLOBE NEWSWIRE via COMTEX) --

Austin Resources Ltd. ("Austin" or the "Company") (TSX-V:AUT) announces that all matters before the shareholders at the Annual General Meeting held on September 11, 2017 have been approved. As a result, the Board of Directors of the Company now consists of Weimin Fu, Jiangping Mo and Zhigang Xie. Mr. Fu and Mr. Xie have been directors of the Company since August 21, 2015.

Mr. Mo is currently the Deputy President of China Nonferrous Metal Guilin Research Institute of Geology for Mineral Resources. He holds a Master's degree in Environment Engineering and a Bachelor's degree in Geological Exploration. He has more than 30 years of experience as a high-level executive in the mineral and mineral exploration industry and has been involved with gold, copper, nickel, tin and tungsten projects. He has experience leading exploration teams in China, Australia and Africa.

The Company would like to thank Zhi Lyu for his service and wishes him them the best in his future endeavors.

About Austin Resources Ltd. (formerly Azul Ventures Inc.)

Austin Resources Ltd. is a mineral exploration company with properties located in Chile and Ontario, Canada.

For further information contact:

Austin Resources Ltd.

Jing Peng

Chief Financial Officer

Telephone: 416-848-9888

Email: info@austinresources.ca

Website: www.austinresources.ca

Cautionary Statements

Information set forth in this news release may involve forward-looking statements under applicable securities laws. Forward-looking statements are statements that relate to future, not past, events. In this context, forward-looking statements often address expected future business and financial performance, and often contain words such as "anticipate", "believe", "plan", "estimate", "expect", and "intend", statements that an action or event "may", "might", "could", "should", or "will" be taken or occur, or other similar expressions. All statements, other than statements of historical fact, are forward-looking statements. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, the following risks: the need for additional financing; operational risks associated with mineral exploration; market conditions; fluctuations in commodity prices; title matters; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters with certain other projects; the absence of dividends; competition; dilution; the volatility of our common share price and volume and the additional risks identified in the "Risk Factors" section of the Company's Filing Statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. Forward-looking statements are made based on management's beliefs, estimates and opinions on the date that statements are made and Austin undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable securities laws. Investors are cautioned against attributing undue certainty to forward-looking statements.

Neither the 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.

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