Gensource Potash Corp.TSXV: GSP

Augen announces conference call & 2006 outlook for shareholders & investment professionals Monday, June 12, 2006 9: 00a.m.

· Issued by Gensource Potash Corp. via CNW
Recent shares outstanding: 28,857,282

TORONTO, June 8 /CNW/ - Augen Capital Corp. ("the Company") (TSX-V: AUG)
invites shareholders, and investment professionals, on Monday, June 12, 2006
at 9:00a.m Eastern Time, prior to the opening of trading, to participate in a
conference call to review the Company's Q1 2006 results and its 2006 outlook.
"Our strong investment performance and expertise in merchant banking
activities primarily with emerging resource companies continues to
significantly enhance shareholder value", said J. David Mason, Chairman of the
Company.
To participate in the conference call, please dial (866) 253-6506. The
call will be interactive and questions may be asked by any interested parties.
For further information, contact Investor Relations at (416) 777-2007 ext 227
or via e-mail at investorrelations(at)augencc.com.

About Augen Capital

Based in Toronto, Augen is a merchant bank specializing in the financing
of primarily early stage resource companies and is an industry leader in
tax-advantaged flow-through investments in Canada's resource sector. Our
Managed Products division earns fees related to the limited partnerships and
mutual funds including setup, due diligence, and annual and performance fees.
Our Merchant Banking division provides financing and strategic management
support to resource investee companies and strives to maximize net gains
realized on its core investment portfolio of emerging resource stocks. Augen
has over $30 million in assets under management, including its merchant
banking investment portfolio, four resource flow-through limited partnerships,
and its mutual funds.

For more information on Augen Capital, visit our website at
www.augencc.com

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

The TSX Venture has not reviewed and does not accept responsibility for
the adequacy or accuracy of this release.
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This news release contains certain "Forward-Looking Statements" within
the meaning of Section 21E of the United States Securities Exchange Act of
1934, as amended. All statements, other than statements of historical fact,
included herein are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be
accurate, and actual results and future events could differ materially from
those anticipated in such statements. Important factors that could cause
actual results to differ materially from the Company's expectations are
disclosed in the Company's documents filed from time to time with the British
Columbia Securities Commission and the United States Securities & Exchange
Commission.

%SEDAR: 00008335E

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