Augustine Ventures Corporate Update
TORONTO, ONTARIO -- (Marketwire) -- 10/05/12 -- Augustine Ventures
Inc. (CNSX:WAW) ("Augustine" or the "Company") would like to announce
that Mr. Wayne Isaacs has resigned as a director and as the President
and Chief Executive Officer of the Corporation. Mr. John Sadowski has
been appointed to the Board of Directors and Dr. Robert (Bob) Dodds
has been appointed President and Chief Executive Officer of the
Mr. Isaacs resigned from the Corporation to pursue other
opportunities and the Corporation would like to thank Mr. Isaacs for
his dedication and work on behalf of the Corporation and wishes him
continued success in his future endeavours.
Dr. Dodds brings 42 years working experience in senior executive
roles in the mining and energy sectors. His experience in the mining
sector for base metals, gold, diamonds and uranium includes major
project management, resource exploration, development and production.
Some of the resource companies include Diavik Diamond Mine, Barrick
Gold Corporation, The Kidd Creek Mine, Teck Resources Limited,
Madawaska Mine and Goldlund. For the last 13 years, Dr. Dodds has
held the positions of President and GM of various operating
subsidiaries of Algonquin Power Utility Corp., a public trading
company on the TSX, and a growing renewable energy and regulated
utility company with over $1.7 billion in assets across North
Mr. John Sadowski, who is a currently a Director of Anconia Resources
Corp., brings over 40 years of mining experience. He has been the
President and Director of many junior mining companies in Northern
Ontario. Mr. Sadowski has completed prospecting courses at Haileybury
School of Mines and at the Ministry of Natural Resources and had his
own prospecting company for many years. Mr. Sadowski is a lifetime
member of the Prospectors and Developers Association of Canada.
"I am excited to be joining Augustine" said Mr. Sadowski. "The
Corporation has done a remarkable job in advancing its Wawa Gold
Property and I am looking forward to assisting the Corporation in the
continuing development of the property."
About Augustine Ventures Inc.
Augustine Ventures Inc. is a junior gold exploration company which
has secured an option to earn a 60% interest on the Wawa Gold Project
which encompasses 2,345 hectares in McMurray Township, southeast of
the town of Wawa. 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 known 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 on the property.
This press release contains 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
annual information form filed with the 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.
Augustine Ventures Inc.
Robert (Bob) Dodds
President & CEO
(416) 363 2528 or Cell (905) 599-2025
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