AUGEN announces appointment of Michael G. Fowler to the Board of Directors

    Shares outstanding: 36,515,615

    TORONTO, March 11 /CNW/ - Augen Capital Corp. ("Augen") (TSX-V: AUG) is
pleased to announce the appointment of Michael G. Fowler to the Board of
Directors of Augen.
    Mr. Fowler, B.Sc, M.Sc, MBA, C.Eng has been the President, Structured
Products, of Augen since May 30, 2007. Mr. Fowler has over 30 years experience
in the mining industry concentrating for the past 20 years in mining finance.
Following his 10 years of technical mineral exploration and geophysical
experience, Mr. Fowler has been a senior metals analyst with major
institutional firms including a Canadian chartered bank, Lévesque Beaubien
Geoffrion Inc., and most recently held the role of Vice President at
Desjardins Securities Inc.
    "We are pleased to welcome Mr. Fowler to the Board of Augen Capital and
look forward to his contribution through his wealth of international
experience and relationships," said J. David Mason.

    About Augen Capital

    Augen Capital Corp. 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 $58 million in flow-through limited partnership assets since
inception. Augen currently has $38 million in flow-through investment
consulting assets, including $36 million raised since 2007 by Augen and its
sales and distribution partner. 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.

    For more information on Augen Capital, visit our website at
    The company's public documents may be accessed at

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

    %SEDAR: 00008335E

For further information:

For further information: J. David Mason, Chairman, Tel: (416) 777-2007,
Toll-free: (888) 442-8436; George D. Elliott, Chief Executive Officer, Tel:
(416) 777-2007, Toll-free: (888) 442-8436

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