GLD GoldOn Resources Ltd

Augen Gold Corp. ("Augen Gold" or the "Company")(TSX VENTURE:GLD) is pleased to
provide further information on its gold exploration results near Cote Lake
within the eastern part of its 100%-owned South Swayze Property, located
approximately halfway between the mining centers of Sudbury and Timmins in
Ontario and approximately 200 metres northwest of a substantial discovery at
Cote Lake.


"The Soil Gas Hydrocarbon (SGH) mapping we are using permits us to make highly
refined estimates of the size of the deposits near Cote Lake," said J. David
Mason, CEO of Augen Gold Corp. "We see two sizeable anolomalies in this area,
one projecting from an area adjacent to Trelawney Mining and Exploration Inc.'s
promising new gold discovery, and the other trending in a more northeasterly
direction. Each looks to be at least equivalent to the anomalies identified over
Opeepeesway Lake this Spring, and trenching and sampling on the anomalies west
of Cote Lake will commence shortly."


The Cote Lake Gold Zone has yielded several zones of Soil Gas Hydrocarbon (SGH)
anomalies potentially indicative of gold mineralization that are associated with
I. P. chargeability anomalies (see press release dated October 20, 2010, the
relevant SGH map at
http://www.augengold.ca/docs/wp-content/augenuploads/Cote-sgh-anomaly.jpg and
related maps on Augen Gold's website, www.augengold.ca). 


SGH geochemistry is organic and can detect hydrocarbon based compounds that
provide a signature directly related to bacteriological interaction with a
target such as a hidden gold deposit. 


Augen Gold was first active within this area in October-2008 as part of their
property-wide prospecting program, collecting several grab samples that returned
up to 3.25 g/t Au. The company then completed one drill hole (WC10-38) in April,
2010, before drilling was halted pending completion of a financing (see Augen
Gold news release of June 07, 2010). This hole showed common weak alteration,
local minor disseminated pyrite, and local very weakly anomalous gold.


A 2.4 kilometre (E-W) by 2.0 kilometre (N-S) grid (the West Cote Lake Grid) was
installed in June, 2010, followed by geophysical surveys in July, 2010, and the
collection of 1,085 soil samples in August, 2010. Actlabs of Ancaster, Ontario
recently analysed these samples for their SGH signature and provided an
interpretation:


An extensive zone of SGH anomalies in the northwestern half of the grid is up to
500 metres wide, strikes northeast for over 1.5 kilometres, and appears to
straddle the northeast striking contact between supracrustal rock (to the
northwest) and the Chester Granodiorite (host to the Cote Lake Gold Zone) to the
southeast.


The northeastern part of this anomaly intersects a northerly striking zone of
SGH anomalies that is up to 250 metres wide and that extends south along the
mid-point of the grid to the southern property boundary. Several I. P.
chargeability anomalies occur within these two zones, or flank them.


A smaller J-shaped zone of SGH anomalies located within the northeastern quarter
of the grid near the property boundary is up to 250 meters wide, strikes
northerly and is coincident with several I. P. chargeability anomalies. 


Prospecting within the West Cote Lake Grid is currently underway and several
areas bearing disseminated pyrite have been selected for stripping.


Moreover, soil samples are currently being collected within the Schist Lake
Grid, which covers a large area extending from northwesterly to northeasterly of
the West Cote Lake Grid; these will be analysed for their SGH signature. This
area had been surveyed with I. P., VLF and mag earlier this year.


The current exploration program for the South Swayze Project started in late
September of 2009 and to date, approximately 350 line kilometres have been
surveyed with geophysical methods, 3,640 soil and lake sediment samples have
been analysed for their SGH signature, and 80 drill holes totalling over 12,500
metres have been completed. This program also includes Augen Gold's current
drilling campaign along the east arm of Opeepeesway Lake near the Jerome Mine.


Augen Gold has been successful in raising approximately $9.1 million in
financings in 2010 and is well financed to achieve its exploration milestones.
Since inception in October 2006, the Company has raised over $20 million for the
South Swayze Project.


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.


The information contained in this news release has been prepared by Augen Gold's
Project Geologist, Gordon McRoberts, P.Geo., who is a Qualified Person for the
Company's Jerome Project under the definitions established by National
Instrument 43-101. The potential quantities and grades disclosed herein are
conceptual in nature and there has been insufficient exploration to define a
mineral resource. It is uncertain if further exploration will result in the
target being delineated as a mineral resource. 


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 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: 102,269,182

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