Augen Gold Corp. Applies for Listing of Flow-Through Warrants

Thursday, Jul 29, 2010

Augen Gold Corp.
(TSXV:GLD) ("Augen Gold" or the "Company") advises that it has applied to
the TSX-V for listing of its flow-through warrants sold this past January.
An offering was completed last January for 15 million units consisting of
one common share and one full warrant, with each unit priced at $0.10. The
'B' Units have a flow through warrant exercisable at $0.20.

The Company has obtained a CRA Advance Income Tax Ruling that provides that
the common shares of the Company issuable on the exercise of the Company's
listed flow-through warrants will qualify as "flow-through shares" under the
Income Tax Act (Canada) entitling any person exercising any of the Company's
listed flow-through warrants to a CEE deduction for the full $0.20 amount of
the exercise price of the warrant.

The Company believes that this is the first time that anyone has applied to
list flow-through warrants for trading in Canada. The Company believes this
could become a terrific financial planning tool, as a result of the five
year exercise window.

The TSX-V is reviewing the application for trading the flow-through warrants
and the Company is hopeful that trading will begin in 3 weeks subject to
regulatory approval.

Source: Canada Wire