Augen Capital to Host Shareholder Conference Call

    Shares outstanding: 36,515,615

    TORONTO, Sept. 16 /CNW/ - Augen Capital Corp. ("Augen" or the "Company")
(TSX-V: AUG) announces that it will host a shareholder update conference call
on Thursday, September 18, 2008.
    The call will feature comments from Augen Chairman and Chief Executive
Officer David Mason. In a challenging market, Augen feels it is important that
shareholders are kept well aware of any developments affecting the Company and
of Management's commitment to protect and enhance shareholder interests.
    The 11 a.m. Eastern Time slot has been selected for the convenience of
both North American and European investors. Following a short presentation,
investors will have the opportunity to ask questions. A presentation will be
posted on the Augen Capital Corp. web site one hour prior to the start of the
conference call.

    Shareholder Conference Call Details:

      Date:    Thursday, September 18, 2008

      Time:    11:00 a.m. Eastern Time

      Theme:   Managing In Troubled Times - Transparency and Prudence

      Slides:  Available for download at 10:00 a.m., Thursday, September 18

      Dial-In Numbers:

        North America:          1-866-440-8936, conference ID 2368408
                                followed by the number sign

        Outside North America:  800-9011-2680, conference ID 2368408
                                followed by the number sign

    (*)Note for callers from outside North America - You may need to add a
    country prefix to the dial-in number. If you plan on participating in the
    call, please email Julie Kim,, prior to 9:00 a.m.
    Eastern Time on September 18 and advise her of your location in the
    email. Julie will forward dial in instructions.

    About Augen Capital

    Augen Capital Corp. ("Augen") (TSX-V: AUG) 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 $40 million in
flow-through investment consulting assets. 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

For further information:

For further information: J. David Mason, Chairman, President and Chief
Executive Officer, Tel: (416) 479-3300, Toll-free: (888) 442-8436,

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