Augen Capital Corp. ("Augen Capital" or "the Company") (TSX VENTURE:AUG) -

On April 22, 2008, a press release was issued by the former Chairman of Augen Capital, David Mason, in his capacity as a shareholder of Augen Capital. The press release was critical of the former CEO of Augen Capital, George Elliott. Augen Capital did not at the time and does not currently hold the views expressed by Mr. Mason in his press release. Augen Capital regrets any embarrassment that Mr. Elliott suffered as a result of the criticisms made by Mr. Mason and apologizes for any confusion that may have been caused as to the author of the press release as a result of the press release being posted on SEDAR. To be clear, the press release was Mr. Mason's in his personal capacity and not a press release of Augen Capital. Augen Capital thanks Mr. Elliott for his prior service as the CEO of Augen Capital.

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.

Shares outstanding: 77,837,039

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.

Contacts: Augen Capital Corp. 416-777-2007 or Toll-free: 888-442-8436investorrelations@augencc.com www.augencc.com