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Purecore Metals Inc. press release

Augen Capital Corp. Reports Amended Annual MD&A

CSE - Canadian National Stock Exchange ยท Canada

TORONTO, Sept. 22 /CNW/ - Augen Capital Corp. (the "Company") (TSX-V: AUG) has released today amended Management Discussion & Analysis ("MD&A") for the year ended December 31, 2004. The previously reported numerical results for the year ended December 31, 2004 have not been changed. In conjunction with recent filings with the Canadian provincial securities authorities, the Company has been asked by the Ontario Securities Commission to file on SEDAR an amended fiscal 2004 annual MD&A with expanded narrative on the results from operations, liquidity and cash flows.

About Augen Capital

Augen Capital Corp. is a merchant bank specializing in the financing of early-stage resource companies. Over a six-year period, the Company's portfolios have outperformed a majority of competitive metal funds as well as the TSE precious metals index. Through Augen Capital Corp., the public company, investors indirectly and directly own over 150 emerging resource companies. Augen Capital now has more than $20 million under management, including a core portfolio of emerging resource stocks, three-resource flow-through LPs under management, and its mutual fund, Augen Resource 2 Balance Fund. Augen is an industry leader in tax-advantaged flowthrough investments in Canada's resource sectors. Through a distribution force of national MFDA and IDA firms, Augen offers high-income and high net worth individuals resource flow-through tax shelters, together with exposure to mineral, oil and gas, and exploration companies that are selected to potentially outperform the market.

On behalf of the Board of Directors,

"J. David Mason" J. David Mason, Chairman

The TSX Venture has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

This news release contains certain "Forward-Looking Statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included herein are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are disclosed in the Company's documents filed from time to time with the British Columbia Securities Commission and the United States Securities & Exchange Commission.

%SEDAR: 00008335E

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