TORONTO, Sept. 7 /CNW/ - Augen Gold Corp. ("Augen Gold" or "the Company") (TSX-V: GLD) Management disagrees with assertions made in a circular and letter to shareholders issued today by a minority group of dissident shareholders, apparently sponsored by Envoy Capital Group Inc. and Augen Capital Corp.

David Mason, President and CEO of Augen Gold today stated,

"The dissident shareholders continue to attempt to take control of the Company without paying shareholders fair value by disrupting current plans to maximize shareholder value.  The dissidents' tactic has been to disrupt the Company, and then use that very disruption as a justification for taking control."

In particular, the dissident shareholders have blamed current management for problems related to the dissidents' own turnover and resignations, as well as the resignations of their own appointees.  

It is the Company's view that these same dissident shareholders have been the cause of many such problems, which is why the Company has encouraged shareholders to vote in favour of the Company's nominees for the board at the September 30 shareholder meeting.

The Company will respond more fully to shareholders.  Management asks that shareholders discard the Blue proxy sent by the dissident shareholders and only vote using the Yellow proxy sent by the management of Augen Gold.

Shareholders that have any questions or need assistance in voting please contact Laurel Hill Advisory

Group, the Company's proxy solicitation agent, at:

Toll Free: 1.877.304.0211
Collect: 416.304.0211
email: assistance@laurelhill.com

About Augen Gold

Augen Gold is a gold exploration company with 23,877 hectares of staked and patented mining claims in the Southern Swayze Greenstone Belt, including the formerly producing Jerome Gold Mine. The claims cover a 45 kilometre long section of the Ridout Deformation Zone, believed to be the western extension of the Kirkland Lake/Larder Lake Break. The geological setting is comparable to the major gold camps of Timmins and Kirkland Lake, and the claims contain numerous gold showings that have received very little historical exploration. Augen Gold is the first company to have assembled such a coherent ground position.  Augen Gold has performed a detailed airborne geophysical survey over the whole area, and its sampling program has confirmed the historically reported gold values. The correlation of many gold showings with geophysical features indicates excellent potential for the discovery of additional deposits. The Company's objectives are to aggressively explore the gold showings that correlate with geophysical anomalies, continue resource definition at the Jerome Mine, and to expand its property portfolio with highly prospective mineral assets.

Neither 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.

This news release contains forward-looking statements. These statements are based on information currently available to the Company and the Company provides no assurance that actual results will meet management's expectations.  Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur.  Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties.  Actual results relating to, among other things, results of exploration, project development, reclamation and capital costs of the Company's mineral properties, and the Company's financial condition and prospects, could differ materially from those currently anticipated in such statements for many reasons such as: changes in general economic conditions and conditions in the financial markets; changes in demand and prices for minerals; litigation, legislative, environmental and other judicial, regulatory, political and competitive developments; technological and operational difficulties encountered in connection with the activities of the Company; and other matters discussed in this news release.  This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements.  These and other factors should be considered carefully and readers should not place undue reliance on the Company's forward-looking statements.  The Company does not undertake to update any forward-looking statement that may be made from time to time by the Company or on its behalf, except in accordance with applicable securities laws.