GLD GoldOn Resources Ltd

Augen Gold Corp. ("Augen Gold" or the "Company") (TSX VENTURE:GLD) is pleased to
announce that its board of directors has approved the adoption of a shareholder
rights plan (the "Plan"), subject to all necessary regulatory and shareholder
approvals. The Plan is designed to ensure that the Company's shareholders are
treated fairly in the event of a take-over bid for the Company's common shares
and that the Company's board of directors and shareholders will have adequate
time to evaluate any unsolicited take-over bid and, if appropriate, to evaluate
and pursue other alternatives to maximize shareholder value.


The Plan was not adopted in response to any actual or threatened take-over bid
or other proposal from a third party to acquire control of Augen Gold.


The Plan is effective as of April 21, 2010 (the "Effective Date"). However, in
accordance with the requirements of the TSX Venture Exchange, Augen Gold's
shareholders will be asked to confirm the Plan at the next meeting of
shareholders (and in any event not later than October 21, 2011). If approved by
shareholders, the Plan will be in effect until April 21, 2017, the sixth
anniversary of the Effective Date, but must be reconfirmed by shareholders at
the 2014 annual general meeting.


At the close of business on the Effective Date, one right (a "Right") will be
issued and attached to each common share of Augen Gold outstanding at that time.
A Right will also attach to each common share of Augen Gold issued after the
Effective Date. If shareholders do not confirm the Plan at the upcoming general
meeting, the Plan and the Rights will terminate and cease to be effective.


The Plan is similar to shareholder rights plans recently adopted by several
other Canadian companies. The Plan is not intended to block take-over bids. The
Plan includes "Permitted Bid" provisions which will prevent the dilutive effects
of the Plan from operating if a take-over bid is made by way of a take-over bid
circular that, among other things, remains open for a minimum of 60 days and is
accepted by a specified proportion of the common shares held by independent
shareholders. The Plan will be triggered by an acquisition, other than pursuant
to a Permitted Bid, of 20% or more of the outstanding common shares of Augen
Gold or the commencement of a take-over bid that is not a Permitted Bid. Details
of the Plan will be included in the proxy circular sent to Augen Gold's
shareholders for the upcoming general meeting.


About Augen Gold

Augen Gold is a gold exploration company with 23,685 hectares of staked and
patented mining claims in the Southern Swayze Greenstone Belt, including the
formerly producing Jerome Gold Mine. The claims cover a 45 kilometre long
section of the Ridout Deformation Zone, believed to be the western extension of
the Kirkland Lake/Larder Lake Break. The geological setting is comparable to the
major gold camps of Timmins and Kirkland Lake, and the claims contain numerous
gold showings that have received very little historical exploration. Augen Gold
is the first company to have assembled such a coherent ground position. Augen
Gold has performed a detailed airborne geophysical survey over the whole area,
and its sampling program has confirmed the historically reported gold values.
The correlation of many gold showings with geophysical features indicates
excellent potential for the discovery of additional deposits. The Company's
objectives are to aggressively explore the gold showings that correlate with
geophysical anomalies, continue resource definition at the Jerome Mine, and to
expand its property portfolio with highly prospective mineral assets.


For more information on the South Swayze Project, please refer to the Company's
NI 43-101 compliant technical report "Amended and Restated Technical Report on
the Augen Gold Corp. Claims, Porcupine Mining Division, District of Sudbury,
Ontario, Canada" (effective April 8, 2008, available on the Company's profile at
www.sedar.com).


For more information on Augen Gold, visit our website at www.augengold.ca

The Company's documents may also be accessed at www.sedar.com

This news release contains forward-looking statements. These statements are
based on information currently available to the Company and the Company provides
no assurance that actual results will meet management's expectations.
Forward-looking statements include estimates and statements that describe the
Company's future plans, objectives or goals, including words to the effect that
the Company or management expects a stated condition or result to occur.
Forward-looking statements may be identified by such terms as "believes",
"anticipates", "expects", "estimates", "may", "could", "would", "will", or
"plan". Since forward-looking statements are based on assumptions and address
future events and conditions, by their very nature they involve inherent risks
and uncertainties. Actual results relating to, among other things, results of
exploration, project development, reclamation and capital costs of the Company's
mineral properties, and the Company's financial condition and prospects, could
differ materially from those currently anticipated in such statements for many
reasons such as: changes in general economic conditions and conditions in the
financial markets; changes in demand and prices for minerals; litigation,
legislative, environmental and other judicial, regulatory, political and
competitive developments; technological and operational difficulties encountered
in connection with the activities of the Company; and other matters discussed in
this news release. This list is not exhaustive of the factors that may affect
any of the Company's forward-looking statements. These and other factors should
be considered carefully and readers should not place undue reliance on the
Company's forward-looking statements. The Company does not undertake to update
any forward-looking statement that may be made from time to time by the Company
or on its behalf, except in accordance with applicable securities laws.


Shares outstanding: 127,691,347

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