William F. White Announces that he Acquires Units of Augustine Ventures Inc.

Toronto, Ontario--(Newsfile Corp. - April 11, 2016) - This news release is disseminated pursuant to National Instrument 62-103 The Early Warning System and Related Take Over Bids and Insider Reporting Issues in connection with the filing of an early warning report (the "Early Warning Report") regarding the holdings William F. White (the "Acquiror"). The Acquiror has acquired beneficial ownership or control over 1,400,000 units ("Units") of Augustine Ventures Inc. (the "Company" or "Augustine") through a private placement on April 7, 2016 (the "Offering"). Each Unit issued under the Offering consists of one common share (a "Share") and one common share purchase warrant (a "Warrant"), which Warrant will allow the holder to acquire one additional Share of the Company (a "Warrant Share") for a period of 36 months at an exercise price of $0.08 per Warrant Share.

Assuming exercise of the Warrants comprised within the Units, the aggregate number Shares over which The Acquiror acquired ownership amounts to 7.97% of the issued and outstanding Shares of the Company, calculated on a partially diluted basis.

The Acquiror previously owned 3,650,000 Shares and 2,000,000 Warrants. Following closing of the Offering, the Acquiror owns 5,050,000 Shares and 3,400,000 Warrants, which represent 7.97% of the issued and outstanding Shares of the Company, calculated on a partially diluted basis.

The Acquiror and any persons or companies that may be considered to be joint actors with the Acquiror collectively own or control 7,212,500 Shares and 3,550,000 Warrants of the Company, which, if the Warrants were exercised, would represent an aggregate of 10.14%, of the total issued and outstanding Shares of the Company, calculated on a partially diluted basis.

The Acquiror and the joint actors have acquired the securities in the Company for investment purposes and from time to time the Acquiror and any of the joint actors may: (i) acquire additional securities of the Company, (ii) dispose of some or all of the existing or additional securities they hold or may hold or (iii) they may continue to hold their current position.

The issuance of this press release is not an admission that an entity named herein owns or controls any securities described herein or is a joint actor with any other person or company named in the early warning report referred to in this press release.

To obtain a copy of the Early Warning Report filed in connection with this matter, please contact William F. White at williamfwhite@gmail.com. A copy of this report will be filed on Augustine's profile on SEDAR at www.sedar.com.

For more information contact:

Mr. William F. White
Email: williamfwhite@gmail.com