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Austral Gold Limited press release

Austral Gold Announces Filing of 2022 Half Year Report

TSXV - TSX Venture Exchange · Gold · Silver · Australia · Regulatory Filings

Sydney, Australia--(Newsfile Corp. - August 25, 2022) - Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (the "Company" or "Austral") is pleased to announce that it has filed its half year report for the 6 months ended 30 June 2022. The complete Report is available under the Company's profile at www.asx.com.au/, www.sedar.com/and on the Company's website at www.australgold.com/.

About Austral Gold Austral Gold Limited is a gold and silver explorer and mining producer whose strategy is to expand the life of its cash generating assets in Chile, restart its Casposo mine in Argentina and build a portfolio of quality assets in Chile, the USA and Argentina organically through exploration and via acquisitions and strategic partnerships. Austral owns a 100% interest in the Guanaco/Amancaya mine complex in Chile and the Casposo-Manantiales mine complex (currently on care and maintenance) in Argentina, a non-controlling interest in the Rawhide Mine in Nevada, USA and a non-controlling interest in the Mercur exploration project in Utah, USA.

In addition, Austral owns an attractive portfolio of exploration projects in the Paleocene Belt in Chile (including those acquired in the 2021 acquisition of Revelo Resources Corp), a noncontrolling interest in Pampa Metals and a 100% interest in the Pingüino project and a 51% interest in the Sierra Blanca project, both in Santa Cruz, Argentina. Austral Gold Limited is listed on the TSX Venture Exchange (TSXV: AGLD) and the Australian Securities Exchange. (ASX: AGD). For more information, please consult Austral's website at www.australgold.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Release approved by the Chief Executive Officer of Austral Gold, Stabro Kasaneva.

For additional information please contact:

Jose Bordogna Chief Financial Officer Austral Gold Limited Jose.bordogna@australgold.com +61 4666 892 307

Ben Jarvis Director Austral Gold Limited info@australgold.com +61 413 150 448

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/134928

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