Augen Capital Corp. Grants Stock Options

TSX Venture: "AUG" - Last: $0.12 
Shares outstanding: 25,284,423

TORONTO, Aug. 30 /CNW/ - Augen Capital Corp. announced today that it has
granted 650,000 stock options, all of which have been granted to directors,
officers, or consultants of the Company. Subject to the four (4) month
Exchange Hold Period, the stock options are exercisable, over a period of
three (3) years, into common shares of the Company at an exercise price of
$0.16 per share.
Augen Capital Corp. has 25,284,423 common shares issued and outstanding.
Under the Company's stock option plan, 10% of the issued capital or 2,528,442
common shares are reserved for issuance. Including the above grant, 2,400,000
options have now been granted.

About Augen Capital

Augen Capital Corp. is a merchant bank specializing in the financing of
early-stage resource companies. Over a six-year period, Augen's portfolios
have outperformed a majority of competitive metal funds as well as the TSX
precious metals index. Through Augen Capital Corp., the public company,
investors indirectly and directly own over 150 emerging resource companies.
Augen Capital now has more than $20 million under management, including a
core portfolio of emerging resource stocks, three-resource flow-through LP's
under management, and its mutual fund, Augen Resource 2 Balance Fund. Augen is
an industry leader in tax-advantaged flow-through investments in Canada's
resource sectors. Through a distribution force of national MFDA and IDA firms,
Augen offers high-income and high-net-worth individuals resource flow-through
tax sheltering, together with exposure to mineral, metals, and petroleum
exploration companies that are selected to potentially outperform the market.

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

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