Effective at the opening on October 1, 1998, IX Capital Inc. commenced trading on the Vancouver Stock Exchange. The company is classified as a "VCP" company and trades under the symbol "IXI".

The purpose of a Venture Capital Pool issue is to provide IX Capital Inc. with a minimum of funds with which to identify and evaluate assets or businesses with a view to completing a Qualifying Transaction. The Qualifying Transaction must be accepted by the VSE and receive the support of the majority of the minority shareholders of the company. IX Capital Inc. does not have business operations or assets other than seed capital, and has no written or oral agreements for the acquisition of an asset or business at this time. The directors, officers and management of the Company are as follows: Rashid A. Aziz, President, CEO and Director, R. Allan Shapiro, Vice President, CFO, Secretary and Director, Bruce A. Schmidt, Director, and David J. Clark, Director.

The company’s capitalization is 100,000,000 common shares with no par value of which 3,850,000 common shares are issued and outstanding (including 1,650,000 shares in escrow). Montreal Trust Company is the transfer agent and Yorkton Securities Inc. is the sponsoring member. IX Capital Inc. has completed its initial public offering for total gross proceeds of $374,000 (2,200,000 shares at $0.17 per share).

The company has issued to its sponsor a total of 220,000 non-transferable share purchase warrants. Each warrant entitles the agent to purchase one share of the company at $0.17 per share up to 18 months from the date of listing.

For further information, please refer to the Company’s Prospectus dated September 1, 1998 and for VCP guidelines, the Vancouver Stock Exchange web site at www.vse.ca.

AUGUSTA CORPORATION
Rashid A. Aziz, President
6891 MacPherson Avenue
Burnaby, BC V5J 4N2
Phone: (604) 220-9948