Augustine Announces Closing of Private Placement and Debt Conversion

TORONTO, ON / ACCESSWIRE / September 3, 2015 / Augustine Ventures Inc. (CSE: WAW) (PINKSHEETS: AUGUF) ("Augustine" or the "Company") is pleased to announce that, further to its press release of August 5, 2015, it has completed an initial Offering (the "Offering") of an aggregate of 5,333,333 units ("Units") as follows:

a) 3,333,333 Units at the price of $0.045 US per Unit for gross proceeds of $150,000 US; and,

b) 2,000,000 Units at the price of $0.05 CDN per Unit for gross proceeds of $100,000 CDN.

Each Unit consists of one common share and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder thereof to acquire one common share of Augustine (a "Warrant Share") at an exercise price of $0.070 US or $0.075 CDN per common share at any time until September 2, 2018.

In connection with the Offering, Augustine has paid IBK Capital Corp. a cash commission of 8% of the funds raised and broker warrants in the aggregate amount of 8% of the number of Units issued, excluding any Units issued to US subscribers. Each broker warrant entitles the holder thereof to acquire one Unit at an exercise price of $0.05 per Unit at any time until September 2, 2019.

The proceeds from the Offering will be used for exploration purposes at the Company's Wawa Gold Project and for general working capital purposes.

In addition, Augustine would like to announce that it has issued an aggregate of 5,062,337 units (the "Debt Units") to certain creditors of the Company in exchange for the cancellation of an aggregate $253,116.85 in debt owing to the creditors. Some of the creditors are directors and/or officers of Augustine.

Each Debt Unit consists of one common share and one common share purchase warrant (a "Debt Warrant"). Each Debt Warrant entitles the holder thereof to acquire one common share of Augustine at an exercise price of $0.075 CDN per common share at any time until September 2, 2018.

All securities issued pursuant to the offerings are subject to statutory four (4) month hold period from their closing dates and to any and all necessary corporate and regulatory approvals.

For additional information contact:

Augustine Ventures Inc.
Robert (Bob) Dodds, President & CEO
Tel: (416) 363 2528
Fax 1-(866)-288-3582
Email: bdodds@augustineventures.com

SOURCE: Augustine Ventures Inc.