Mr. Allen Lone reports

AUGUSTA PROVIDES SALES UPDATE

Augusta Industries Inc.'s wholly owned subsidiary, Marcon International Inc., has been awarded contracts with various departments of the United States government for the supply of instrumentation and equipment. The aggregate value of the agreement entered into was $283,563.90 in the month of February. The current pipeline of orders, including these new contracts, is $651,813.50 as of Feb. 28, 2017.

"The corporation is pleased that it continues to enter into new agreements with various entities of the United States government," stated Allen Lone, president of the corporation. "The corporation's sales strategy has resulted in increased sales and continued growth."

About Augusta Industries Inc.

Through its wholly owned subsidiaries, Marcon and Fox-Tek Canada Inc., 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 U.S. government entities. Marcon's principal business is the sale and distribution of industrial parts and equipment (electrical, mechanical and instrumentation).

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.