Canadian Treasurer

June 18, 2012

New CFO at Augen

TORONTO-- Augen Capital Corp. has announced the appointment of Carmelo Marrelli to the role of Chief Financial Officer. A Chartered Accountant and Certified General Accountant, 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. Marrelli is also the Chief Financial Officer of several public junior mining companies.

Augen Capital 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.



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