Vancouver, British Columbia – May 17, 2013 – Aston Bay Holdings Ltd. (TSX-V: BAY) (“Aston Bay” or the “Company”) welcomes Bruce Counts as Chief Operating Officer (“COO”) and advisor to the Board of Directors of the Company on capital markets (the “Advisor to the Board”). Mr. Counts has experience with public companies and will work closely with the Aston Bay team, with a focus on development of the Storm Copper project.

“I am pleased that Bruce has agreed to take on this role, sharing responsibility for the operations of Aston Bay,” commented Aston Bay CEO, Benjamin Cox. “This project will benefit from the expertise of an experienced team, and it is a pleasure to have someone on board who can manage exploration, permitting, and geology – leaving me free to focus on corporation structure, strategic partners and our long term business plan.”

Mr. Counts has over 20 years of experience in arctic exploration. He served as the President of Bluestone Resources Inc. (formerly Indicator Minerals Inc.) from January 2004 to January 2013, and remains a director of that company. Mr. Counts served as Technical Consultant of Shear Diamonds Ltd. (formerly Shear Minerals Ltd.). From 1992 to 1997, he was employed by BHP Minerals Canada Ltd. He has been a director of Nordic Diamonds Ltd. since December 3, 2003 and West Melville Metals Inc. since May 3, 2011. He has been a director of Vangold Resources Ltd. since November 26, 2012. Mr. Counts is a Professional Geophysicist and holds a degree in Geological Engineering from the University of British Columbia.

“It is key for small companies to bring in a range of people who can support the core project and more importantly have a history of working together,” said Bruce Counts.

The addition of Mr. Counts will strengthen the already existing team.

About Aston Bay Holdings Ltd.

Aston Bay Holdings Ltd. is a Canadian copper and zinc exploration company advancing the Storm Copper and Seal Zinc projects on Somerset Island, Nunavut.

Aston Bay may earn up to a 70% interest in both projects, in accordance with an Option and Earn-In Agreement signed in 2011 between its wholly owned subsidiary, Aston Bay Ventures Ltd., and Commander Resources Ltd. (TSX-V: CMD). An experienced team leads the Company with diverse backgrounds in geology and finance.

On behalf of the Board of Directors,

Benjamin Cox, Chief Executive Officer

Telephone: (360) 262-6969

For further information about Aston Bay Holdings Ltd or this news release, please visit our website at www.astonbayholdings.com.

Neither the TSX Venture Exchange Inc. 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.

This news release contains certain statements that may be deemed “forward-looking statements”. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by law, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.