Augen Capital Changes Name to Gensource Capital Corporation


TORONTO, ONTARIO--(Marketwire - Aug. 2, 2012) - Gensource Capital Corporation ("Gensource" or the "Company") (TSX VENTURE:GSP) (formerly Augen Capital Corp.) announces that it has changed its name from Augen Capital Corp. to Gensource Capital Corporation effective August 1, 2012. The Company's shares will trade on the TSXV under the new symbol "GSP" effective at the open of trading on Thursday, August 2, 2012.

Shareholders of the Company approved the name change at the annual and special meeting of shareholders held on June 28, 2012.

Alan Cruickshank, President and CEO of Gensource commented, "I am pleased to move forward with our new name and new direction for the future."

About Gensource Capital

Gensource Capital Corporation is a Toronto-based public merchant bank specializing in the financing of and investment in emerging resource companies. Gensource manages a merchant banking hard dollar portfolio of emerging resource stocks.

For more information on Gensource Capital, visit our website at www.Gensource.ca.

The Company's public documents may be accessed at www.sedar.com.

Shares outstanding: 77,837,039

Neither 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.

Contact Information:

Gensource Capital Corporation
Alan Cruickshank
President and Chief Executive Officer
647-628-2101 or Toll-free: 888-442-8436
acruickshank@augencc.com or info@Gensource.ca
www.Gensource.ca