Management Nominated Board of Augen Gold Corp. Committed to Unlocking
Shareholder Value

TORONTO, Sept. 30 /CNW/ - Augen Gold Corp (TSXV:GLD) ("Augen Gold" or the "Company") is pleased to announce the results of voting from a Special Shareholders Meeting held today. Shareholders of Augen Gold have fully endorsed the vision outlined by management and have elected Management's nominees for the Board of Directors.

At the Special Shareholder Meeting, shareholders approved the appointment of the Company's auditors, and the endorsement of the Company's stock option plan. Shareholders fully participated in this decision with approximately 86% of the issued and outstanding shares represented.

New and returning directors for Augen Gold include Tim Peterson, Lorne Woods, Robert E. Lamoureux, and J. David Mason.

J. David Mason, President and CEO of Augen Gold Corp. said "Today's vote is a win for Augen Gold shareholders and an endorsement of the current management team and Board. We recognize that there is still work to be done on the way to fully developing the company's resources and realizing full value. Augen Gold will accelerate the pursuit of our strategic direction with the objective of maximizing value. This Board is committed to working hard to earn the confidence of all shareholders."

He continued saying, "I want to personally thank shareholders for voting and the advisory team for their advice and efforts including Fraser Milner Casgrain LLP for legal counsel, Laurel Hill Advisory Group for proxy solicitation, Navigator Limited for communications counsel, and Ironside IR investor relations advice. "

About Augen Gold:

Augen Gold is a gold exploration company with 23,877 hectares of staked and patented mining claims in the Southern Swayze Greenstone Belt, including the formerly producing Jerome Gold Mine. The claims cover a 45 kilometre long section of the Ridout Deformation Zone, believed to be the western extension of the Kirkland Lake/Larder Lake Break. The geological setting is comparable to the major gold camps of Timmins and Kirkland Lake, and the claims contain numerous gold showings that have received very little historical exploration. Augen Gold is the first company to have assembled a coherent ground position. Augen Gold has performed a detailed airborne geophysical survey over the whole area, and its sampling program has confirmed the historically reported gold values.

The correlation of many gold showings with geophysical features indicates excellent potential for the discovery of additional deposits. The Company's objectives are to aggressively explore the gold showings that correlate with geophysical anomalies, continue resource definition at the Jerome Mine, and to expand its property portfolio with highly prospective mineral assets. 

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.

This news release contains forward-looking statements.  These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations.  Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur.  Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan".  Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties.  Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, 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 minerals; 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 other matters discussed in this news release.  This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements.  These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements.  The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws. 

For further information:

Interested parties can contact Augen Gold Corp. with questions or for more information at:

J. David Mason
Chief Executive Officer and Director
Augen Gold Corp.

Tel. [phone] reception and voice mail
Email: [email protected]