CONCERNED SHAREHOLDERS FILE DISSIDENT PROXY CIRCULAR

TORONTO, Sept. 10 /CNW/ - Augen Capital Corp. ("Augen Capital") (TSX-V: AUG) and Envoy Capital Group Inc. ("Envoy Capital") (NASDAQ: ECGI /TSX: ECG), (the "Concerned Shareholders"), believe change is urgently needed at the board of directors of Augen Gold Corp. ("Augen Gold") (TSX-V: GLD).  The Concerned Shareholders do not believe that Augen Gold is being managed properly and Augen Gold's performance, both short and long term, is indicative of the lack of solid leadership.  The Concerned Shareholders are asking fellow Augen Gold shareholders for their support to make these necessary changes at Augen Gold at the annual and special meeting to be held on September 30, 2010. 

Augen Capital is the founding shareholder and Envoy Capital is one of the earliest shareholders of Augen Gold.  Augen Capital owns 11,519,010 common shares of Augen Gold, representing a 15.03% ownership interest.  Envoy Capital owns 3,118,250 common shares of Augen Gold, representing a 4.07% ownership interest.  Together, the Concerned Shareholders represent 19.1% ownership interest, a significant stake in Augen Gold.  In contrast, the current board and management represent a 1.75% ownership interest.

To allow Augen Gold to move forward and to maximize value for all shareholders, the Concerned Shareholders are asking fellow Augen Gold shareholders to vote the BLUE proxy or Voting Instruction Form mailed FOR the following:

• the election of the Concerned Shareholders' nominees (Peter F. Chodos, Stephen C. Johnson, Hugh Aird and Judith Baker) as directors of Augen Gold;
  
• the appointment of the auditors; and
• the re-approval of the stock option plan

Further details are included in the dissident proxy circular which has been filed on SEDAR and mailed to Augen Gold shareholders by the Concerned Shareholders.  The Concerned Shareholders are recommending that fellow shareholders of Augen Gold vote their BLUE proxy for change.

For more information about voting the BLUE proxy, please contact Augen Capital at 416-777-2007 or toll-free at 1-888-442-8436.

Time is short.  The Concerned Shareholders urge fellow Augen Gold shareholders to act today for the future of Augen Gold.

About Augen Capital
Augen Capital Corp. ("Augen Capital") (TSX-V: AUG) is a Toronto-based public merchant bank specializing in the financing of and investment in resource companies and projects.

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

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.

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This news release contains forward-looking statements. These statements are based on certain factors and assumptions as set forth in this news 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 and investee companies.  Additional risks and uncertainties can be found in our 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.

For further information:

Manish Z. Kshatriya, Chief Financial Officer
Tel: [phone]
Toll-free: 888-442-8436

[email protected]