TORONTO, ONTARIO--(Marketwired - June 24, 2016) - Austin Resources Ltd. ("Austin" or the
"Company") (TSX VENTURE:AUT) is issuing this press release in response to a request by the Investment
Industry Regulatory Organization of Canada ("IIROC") to comment on recent trading activity in its stock.
The Company announces that it is not aware of any material, undisclosed corporate developments and has no material change to
report at this time. The Company will keep the market informed as required.
About Austin Resources Ltd. (formerly Azul Ventures Inc.)
Austin Resources Ltd. is a mineral exploration company with properties located in Chile and Ontario, Canada.
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.