Augen Capital Announces Filing

    TORONTO, Jan. 8 /CNW/ - Augen Capital Corp. (Augen Capital) (TSX-V: AUG)
today announced that J. David Mason, Chairman and CEO of Augen Capital, has
transferred 2,250,500 common shares of Augen Capital to his two sons, as a
part of the family's estate planning. This routine transaction was disclosed
via the System for Electronic Disclosure (SEDI) and reflects the long-term
commitment of Mr. Mason and his family to Augen Capital.

    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
emerging resource companies. Augen Capital 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 Capital 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.

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

For further information:

For further information: J. David Mason, Chairman, President and Chief
Executive Officer, Tel: (416) 479-3300, Toll-free: (888) 442-8436,; For more information on Augen Capital, visit
our website at; The Company's public documents may be accessed

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