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Augustine Ventures Inc. Announces Granting of Stock Options

10.09.2014  |  Newsfile
Toronto, September 10, 2014 - The Board of Augustine Ventures Inc. (CSE: WAW) ("Augustine" or the "Company") announces that it has granted a total of 6,000,000 in new stock options to its officers, directors and a consultant pursuant to the terms of the Company's stock option plan. The options vest immediately, are exercisable at $0.065 per common share, and will expire on September 14, 2019. After giving effect to these option grants, there are currently 8,855,000 stock options outstanding.

Dr. Robert (Bob) Dodds, President and Chief Executive Officer of Augustine, says "the issuance of stock options is being made to recognize and reward the dedication and hard work of the directors, management and a consultant in maintaining Augustine as a viable and active company and in continuing to advance the gold resource on its Wawa Gold Project. Augustine is confident that with the anticipated completion of the previously announced funding in these difficult times for the mining sector, Augustine's exploration program will both increase and improve the known gold resource."

Dr. Dodds adds that "if production becomes feasible, the Wawa Gold Project has clear development benefits, including:

- ready infrastructure with roads already in place connected to a provincial highway, the community of Wawa within several kms, power line nearby and a paved airstrip within several kms,

- no issues with respect to recent changes to the Mining Act in Ontario and exploration permits, and

- strong support from the community of Wawa and the nearby First Nations."


About Augustine Ventures Inc.

Augustine Ventures Inc. is a junior gold exploration company which has an option to earn up to a 75% interest on the Wawa Gold Project which encompasses 2,345 hectares in McMurray Township, southeast of the Town of Wawa, Ontario. Over 95 percent of the property consists of leases and/or patents for both mineral and surface rights that are easily accessible. The property has a gold resource of 1.1 million ounces at 1.5 g/t hosted within 22 million tonnes (NI 43-101 compliant) with known lateral extension and depth extension to 600 meters, a history of past production from the known vein deposits and a large number of untested but documented gold occurrences. Augustine has also acquired a 100% undivided interest in an additional 161 claim units known as the Oakley Lake Property totalling 2,576 hectares contiguous to its Wawa Gold Project.


This news release may contain forward-looking statements. All statements, other than of historical fact, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future (including, without limitation, statements regarding the estimation of mineral resources, exploration results, potential mineralization, potential mineral resources and mineral reserves) are forward-looking statements. Forward-looking statements are often identifiable by the use of words such as "anticipate", "believe", "plan", may", "could", "would", "might" or "will", "estimates", "expect", "intend", "budget", "scheduled", "forecasts" and similar expressions or variations (including negative variations) of such words and phrases. Forward-looking statements are subject to a number of risks and uncertainties, many of differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, without limitation, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company's expectations, the price of gold and other risks identified in the Company's most recent filings with Canadian securities regulatory authorities on SEDAR.com. Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement.



For additional information contact:

Augustine Ventures Inc.
Robert (Bob) Dodds, President & CEO
Tel: (416) 363 2528 x230
Email: bdodds@augustineventures.com

Investor Cubed Inc.
Mr. Alan Huycke
Tel: (647) 258 3311, (888) 258 3323
Email: info@investor3.ca
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