Mr. Allen Lone reports

AUGUSTA PROVIDES MARKET UPDATE AND ANNOUNCES ITS PARTICIPATION AT DISCOVERY 2017

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 $206,830.48 in the month of March. The current pipeline of orders, including these new contracts, is $550,927.02 as of April 17, 2017.

The corporation would also like to announce that its wholly owned subsidiary, Fox-Tek Canada Inc., has been selected to participate in the business-to-government zone premiering at Ontario Centres of Excellence (OCE) Discovery.

The business-to-government initiative (B2G) at Discovery 2017 will create an opportunity for high-growth technology companies to build awareness of their products or services directly with the public sector potentially fostering business opportunities and partnerships. B2G invites companies to participate in a series of 10-minute, one-on-one meetings with targeted government representatives to showcase solutions and demonstrate the importance of support to their sector.

"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. "We are very excited that we have been selected to participate in the business-to-government initiative which will give the corporation the exposure and result 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. The corporation's FT fibre optic sensor and corrosion monitoring systems allow cost-effective, 24/seven remote monitoring capabilities to improve scheduled maintenance operations, avoid unnecessary shutdowns, and prevent accidents and leaks.

We seek Safe Harbor.