Aegean Appoints Eric Roth as President and CEO

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 27, 2013) - Aegean Metals Group Inc. (TSX VENTURE:AGN) ("Aegean" or the "Company") is pleased to announce that it has appointed Mr. Eric Roth as President and CEO of the Company. The Company further wishes to report that Mr. Juan Villarzu has resigned as President and Chief Executive Officer of the Company.

Mr. Roth joined the board of directors in November 2012. He will be instrumental in developing the Company's assets in Turkey and will be responsible for overseeing the exploration program as the Company moves forward in 2013.

Mr. Roth has over 25 years of global mineral exploration experience, particularly with gold-copper-silver deposits. He was the former President, CEO, and Director of Extorre Gold Mines Ltd. until its acquisition by Yamana Gold in August 2012. From January 2002 to March 2008, Mr. Roth worked for AngloGold Ashanti Limited ("AngloGold") where he advanced from the position of Projects Manager - Peru to the Global Head of Exploration - Greenfields. During his tenure at AngloGold, four significant new greenfields discoveries were brought into inferred resource status-Tropicana in Western Australia, La Colosa and Gramalote in Colombia, and Mongbwalu in the DRC. Before joining AngloGold, he worked for many exploration companies as a geologist, including Aur Resources Inc., Magma Copper/BHP Minerals Inc., Coeur d'Alene Mines, Rio Tinto Mining and Exploration, CRA Exploration, and the Boddington Gold Mine JV. He is also currently a non-executive director of OroSur Mining and Mariana Resources. Mr. Roth holds a PhD in Economic Geology and a Bachelor of Science with Honours in Geology from the University of Western Australia.

"We couldn't be happier to appoint Mr. Roth as President and CEO of Aegean," stated Cesar Lopez, Aegean's Chairman. "Eric's proven leadership and successful track record of developing significant discoveries are ideally suited to lead the development of our projects and work with the Board to create value for our shareholders. I would also like to thank Juan for his dedicated effort to the Company and wish him the best in his future endeavors."

"I am pleased to be joining Aegean as President and CEO and I am looking forward to working with our current management team in developing our assets in Turkey," stated Eric Roth, Aegean's President and CEO. "Our advanced projects offer drill ready targets and I am excited to be involved at this stage as we move the properties closer to being ready for drilling later this year."

About Aegean Metals Group Inc.

Aegean Metals Group Inc. (TSX VENTURE:AGN) is a junior exploration company based in Canada with a primary focus in the acquisition, exploration and development of gold and copper properties. The Company currently holds major interests with Teck Resources Limited in one high-sulphidation epithermal gold prospect in western Turkey, Ergama, as well as its 100%‐owned Hot Maden VMS gold and base metal prospect in northeast Turkey. 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 current views with respect to possible future events and conditions and, by its nature, is based on 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.