Vancouver, British Columbia – May  7, 2013 – Aston Bay Holdings Ltd. (TSX-V: BAY) (“Aston Bay” or the “Company”) announces the resignation of John Boddie as a director of the Company. The Company’s Board of Directors and management thank John for his contributions as a founder of the Company and for his services as Chief Executive Officer over the Company’s capital pool phase during the past two years.

Jan-Erik Back has agreed to join the Board of the Company. Mr. Back is currently the Chief Operating Officer of RB Resources Group, which is the investment platform from which Reuben Brothers makes investments in the natural resources industry. Mr. Back was previously an MD at HCF International Advisors, a leading independent corporate finance adviser specialising in the provision of advisory services to clients worldwide in the metals, mining, steel and related industries. The Company is pleased to welcome Mr. Back to the Board.

The Company is also in the process of identifying a suitable candidate to act as a board advisor with Canadian public market experience following Mr. Boddie’s resignation.

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.