Augen Capital Corp. ("Augen" or the "Company") (TSX-V: AUG) announces that it will host a shareholder update conference call on Thursday, September 18, 2008.

The call will feature comments from Augen Chairman and Chief Executive Officer David Mason. In a challenging market, Augen feels it is important that shareholders are kept well aware of any developments affecting the Company and of Management's commitment to protect and enhance shareholder interests.

The 11 a.m. Eastern Time slot has been selected for the convenience of both North American and European investors. Following a short presentation, investors will have the opportunity to ask questions. A presentation will be posted on the Augen Capital Corp. web site one hour prior to the start of the conference call.

Shareholder Conference Call Details:

Date: Thursday, September 18, 2008

Time: 11:00 a.m. Eastern Time

Theme: Managing In Troubled Times - Transparency and Prudence

Slides: Available for download at 10:00 a.m., Thursday, September 18
from www.augencc.com

Dial-In Numbers:

North America: 1-866-440-8936, conference ID 2368408
followed by the number sign

Outside North America: 800-9011-2680, conference ID 2368408
followed by the number sign

*Note for callers from outside North America - You may need to add a
country prefix to the dial-in number. If you plan on participating in the
call, please email Julie Kim, [email protected], prior to 9:00 a.m.
Eastern Time on September 18 and advise her of your location in the
email. Julie will forward dial in instructions.