Augustine Ventures Inc.

Augustine Ventures Inc.

December 07, 2012 15:44 ET

Augustine Ventures Extends Warrants

TORONTO, ONTARIO--(Marketwire - Dec. 7, 2012) - Augustine Ventures Inc. (CNSX:WAW) ("Augustine" or the "Company") announces that it has extended the term of the 5,075,000 warrants issued by the Company on December 22, 2010, the 3,512,500 warrants issued on February 8, 2011 and the 2,300,000 warrants on March 23, 2011 (collectively the "Warrants"). The terms of the Warrants have each been extended for a period of 12 months. The Warrants were scheduled to expire on December 22, 2012, February 8, 2013 and March 23, 2013 respectively, but will now expire on December 22, 2013, February 8, 2014 and March 23, 2014 respectively.

The Warrants were issued as part of private placement offerings by the Company which were completed on December 22, 2012, February 8, 2011 and March 23, 2011. For further information on the original issuance of the Warrants, please refer to the press releases of the Company dated December 22, 2010, February 8, 2011 and March 25, 2011 filed on SEDAR.

Warrant holders are advised that replacement Warrant certificates will not be issued and that the original Warrant certificates must be presented to the Company in order to effect the exercise or transfer of such Warrants.

About Augustine Ventures Inc.

Augustine Ventures Inc. is a junior gold exploration company which has an option to earn a 60% interest on the Wawa Gold Project which encompasses 2,345 hectares in McMurray Township, southeast of the Town of Wawa, Ontario. Over 95 percent of the property consists of leases and/or patents for both mineral and surface rights that are easily accessible. The property has a known depth extension to 600 meters, a history of past production from the known vein deposits and a large number of untested but documented gold occurrences. Augustine has also acquired a 100% undivided interest in an additional 161 claim units known as the Oakley Lake Property totalling 2,576 hectares adjacent to its Wawa Gold Project.

This press release may contain forward-looking statements. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding the estimation of mineral resources, exploration results, potential mineralization, potential mineral resources and mineral reserves) are forward-looking statements. Forward-looking statements are often identifiable by the use of words such as "anticipate", "believe", "plan", may", "could", "would", "might" or "will", "estimates", "expect", "intend", "budget", "scheduled", "forecasts" and similar expressions or variations (including negative variations) of such words and phrases. Forward-looking statements are subject to a number of risks and uncertainties, many of differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, the price of gold and other risks identified in the Company's most recent filings with Canadian securities regulatory authorities on Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement.

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