Augen Gold Corp.

Augen Gold Corp.

April 30, 2008 15:20 ET

Augen Gold Announces Receipt of Final Prospectus and Management Changes

TORONTO, ONTARIO--(Marketwire - April 30, 2008) - Augen Gold Corp. ("Augen Gold") is pleased to announce that it has filed its final prospectus dated April 21, 2008 and has received a receipt from the securities regulatory authorities in each province of Canada, except Quebec.

Augen Gold also announces that Barry Pike has resigned as a director on April 25, 2008. The current members of the Board of Directors are J. David Mason, Michael G. Fowler, Joseph Leeder and Andrew Burns.

Augen Gold announces that Ian C. Peres voluntarily resigned as Chief Financial Officer of Augen Gold on April 25, 2008. Manish Z. Kshatriya, CA, CPA, has been appointed as Director of Finance of Augen Gold replacing Mr. Peres as the senior financial officer of Augen Gold. Mr. Kshatriya is the Director of Finance and senior financial officer of Augen Capital Corp., a major shareholder and promoter of Augen Gold.

About Augen Gold

Augen Gold Corp. is a junior gold exploration company with mining claims located in the Swayze Greenstone Belt and covering an area of approximately 200 square kilometers, 8 kilometers wide and 45 kilometers long, including the formerly producing Jerome gold mine and directly adjacent to the Young Shannon gold deposit. The company's objective is to aggressively explore the Jerome mine in order to confirm existing and identify additional NI 43-101 compliant gold resources, to explore the gold potential along strike on the contiguous mining claims, and to continue to expand its property portfolio with highly prospective mineral assets.

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

This news release contains forward-looking statements. These statements are based on certain factors and assumptions as set forth in this new release including expected growth, results of operations, performance and business prospects and opportunities. While the Company considers these factors and assumptions to be reasonable based on information currently available, they may prove to be incorrect. A number of factors could cause actual results to differ materially from those in the forward-looking statements, including, but not limited to results of exploration, project development, reclamation and capital costs of the companies in the merchant banking portfolios ("investee companies"), and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for the minerals the investee companies expect to produce; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company's and investee companies. Additional risks and uncertainties can be found in our 2006 Management's Discussion and Analysis and in filings with the Canadian provincial securities commissions. Forward-looking statements are given only as at the date of this news release and the Company disclaims any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

The TSX Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Augen Gold Corp.
    Michael G. Fowler
    President
    (416) 777-2007 Ext 224 or Toll-free: 1-888-442-8436 Ext 224
    Website: www.augengold.ca
    or
    John Walter Communications Inc.
    John F. Walter
    (647) 430-0197