Augen Capital Announces Appointment of CFO

Shares outstanding: 77,837,039

TORONTO, Ontario – June 15, 2012: Augen Capital Corp. (“Augen” or the “Company”) (TSX-V: AUG) today announced that Ms Amy Stephenson has resigned as the Chief Financial Officer of the Company to pursue other endeavors. We thank her for her past service and wish her well in her career.

Carmelo Marrelli has been appointed as the Company’s new Chief Financial Officer. A Chartered Accountant and Certified General Accountant, Mr. Marrelli is also a member of the Institute of Chartered Secretaries and Administrators of Canada and holds a Bachelor of Commerce degree. He has experience in auditing and investment accounting, and as principal of Marrelli Support Services Inc., he directs and oversees the accounting function for the Group and its clients. Mr. Marrelli is also the Chief Financial Officer of several public junior mining companies.

About Augen Capital

Augen Capital Corp. (“Augen”) (TSX-V: AUG) is a Toronto-based public merchant bank specializing in the provision of management, consulting and due diligence services to listed issuers in the mineral exploration, development and extraction sectors. Augen also assists in the financing of, and investment in, resource companies or projects.

For further information please contact:

Alan Cruickshank, President and CEO Tel: 416-479-3300 [email protected]

For more information on Augen Capital, visit our website at www.augencc.com The company’s public documents may be accessed at www.sedar.com

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.