Augusta Announces Signed Contracts for $1 Million

Augusta Industries Inc. (TSX VENTURE:AAO) ("Augusta" or the "Corporation"),
through its wholly owned subsidiaries FOX-TEK Canada Inc. a developer and
manufacturer of patented non-intrusive sensing systems and Marcon International
Inc. ("Marcon"), would like to announce that its current sales pipeline of
purchase orders received and not yet shipped is approximately $1 million as of
July 16, 2012. 


Of this amount, the sale of the Corporation's EFM systems accounted for
approximately $300,000. The EFM systems have been ordered by a number of
companies including Syncrude Canada Ltd. and two major Canadian upstream oil and
gas companies as well as Saudi Arabia's largest oil producer through the
Corporation's agent Zamil Group. The remaining $700,000 comes from orders at
Marcon to Sabic, Qatar Petroleum and to various government agencies of the
United States such as the Departments of Defence, Interior, Commerce and
Agriculture.


About Syncrude Canada Ltd. 

Syncrude Canada Ltd. is one of the largest producers of crude oil from oil
sands. Syncrude's crude oil production facility has the capacity to produce over
15% of Canada's total oil requirements. This is done through surface mine oil
sand, extracting the raw oil known as bitumen from the sand using water-based
processes, and upgrade that bitumen into sweet light crude oil by fluid coking,
hydroprocessing, hydrotreating and reblending. The final product, Syncrude Crude
Oil, is sent by pipeline to three Edmonton area refineries and to pipeline
terminals which ship it to refineries in Canada and the United States.


About the Corporation:

Through its wholly owned subsidiaries, Marcon International Inc. ("Marcon") and
FOX-TEK Canada Inc. ("Fox Tek"), the Corporation provides a variety of services
and products to a number of clients.


Marcon is an industrial supply contractor servicing the energy sector and a
number of US Government entities. Marcon's principal business is the sale and
distribution of industrial parts and equipment (Electrical, mechanical and
Instrumentation.) In addition to departments and agencies of the U.S.
Government, Marcon's major clients include Saudi Arabia-Sabic Services (Refining
and Petrochemical), Bahrain National Gas Co, Bahrain Petroleum, Qatar Petroleum,
Qatar Gas, Qatar Petrochemical, Gulf of Suez Petroleum, Agiba Petroleum and
Burullus Gas Co. 


Fox Tek develops non-intrusive asset health monitoring sensor systems for the
oil and gas market to help operators track the thinning of pipelines and
refinery vessels due to corrosion/erosion, strain due to bending/buckling, and
process pressure and temperature. The Corporation's FT fiber optic sensor and
corrosion monitoring systems allow cost-effective, 24/7 remote monitoring
capabilities to improve scheduled maintenance operations, avoid unnecessary
shutdowns, and prevent accidents and leaks. 


This press release contains forward-looking statements based on assumptions,
uncertainties and management's best estimates of future events. Actual results
may differ materially from those currently anticipated. Investors are cautioned
that such forward-looking statements involve risks and uncertainties. Important
factors that could cause actual results to differ materially from those
expressed or implied by such forward-looking statements are detailed from time
to time in the Corporation's periodic reports filed with the Ontario Securities
Commission and other regulatory authorities. The Corporation has no intention or
obligation to update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.

Augusta Industries Inc. (TSXV:AAO)
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