Integrated Asset Management Corp. Purchases Common Shares of Augen Capital Corp.



    Shares outstanding: 36,615,615

    TORONTO, April 13 /CNW/ - Augen Capital Corp. ("Augen") (TSX-V:
AUG)announced today that Integrated Asset Management Corp. ("IAM") has
acquired an additional 225,000 common shares of Augen through the facilities
of the TSX Venture Exchange (the "Exchange"), bringing IAM's total ownership
to 653,000 common shares (the "Shares"), representing 1.8% of the issued and
outstanding common shares of Augen. IAM's acquisition of the Shares is in
accordance with the requirement, set out in the management agreement (the
"Agreement") dated March 1, 2009 among IAM, Augen and Ore Reserve Asset
Management Inc., that IAM acquire up to 3,264,000 common shares of Augen by
the six month anniversary of the date of the Agreement. IAM intends to satisfy
this contractual requirement either by making one or more additional purchases
of Augen common shares through the facilities of the Exchange or by
subscribing for shares from Augen.
    Pursuant to the terms of a voting trust agreement dated March 1, 2009
among IAM, Augen, John David Mason ("JDM"), Daniel T. Mason and Sean D. Mason,
JDM, as voting trustee, has the right to vote the Augen shares owned by IAM
for a period of five years. JDM now has ownership or control of 4,195,900
common shares of Augen, or 11.46% of the issued and outstanding common shares
of Augen. JDM can be reached c/o Augen at 130 King Street West, Exchange
Tower, Suite 720, P.O. Box 137, Toronto, Ontario, M5X 1A6.

    About Augen

    Augen is a Toronto-based public merchant bank specializing in the
financing of and investment in emerging resource companies. Augen manages a
merchant banking hard dollar portfolio of emerging resource stocks including
private companies and is an industry performance leader in tax-advantaged
flow-through investments in Canada's resource sector having raised over $80
million in flow-through limited partnership assets since inception. Augen
holds over one hundred gold, base metals and uranium exploration and
development public and private companies with direct holdings in its merchant
banking portfolio and consulting assets in flow-through limited partnerships.

    
    Neither the 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.
    




For further information:

For further information: and for a copy of the early warning report
filed in respect of the change in ownership or control described above, please
contact: J. David Mason, President and Chief Executive Officer, Tel: (416)
479-3300, Toll free: (888) 442-8436, investorrelations@augencc.com; For more
information on Augen, visit our website at www.augencc.com; Augen's public
documents may be accessed at www.sedar.com

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