Au Gold Corp Completes Acquisition of Havelock Gold-Antimony Project and Closes $2 Million Private Placement
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NR04-2026
Au Gold Corp Completes Acquisition of Havelock Gold-Antimony Project
and Closes $2 Million Private Placement
Vancouver, British Columbia – March 11, 2026 – Au Gold Corp (TSXV: AUGC) (the
“Company”) is pleased to announce that it has closed its previously announced
acquisition (the “ Acquisition”) of a 100% interest in the 11,663 hectare Havelock Gold -
Antimony Project (the “ Project”) pursuant to an agreement (the “ Agreement”) with
Leviathan Gold Australia (“ LGA”), a wholly owned subsidiary of Leviathan Metals Corp.
(TSXV: LVX), dated January 12, 2026. Upon completing the Acquisition, the Company holds
a 100% interest in the Project through Havelock Gold Pty. Ltd., a wholly owned Australian
subsidiary of the Company.
For a 100% interest in the Project, the Company paid LGA $75,000 and 5,000,000 common
shares in the capital of the Company . Please refer to the Company’s press releases dated
January 1 5, 2026 and February 25, 2026 for further details about the Agreement and the
Project.
The Acquisition is a Fundamental Acquisition under TSX Venture Exchange policies and a
National Instrument 43 -101 Technical Report on the Project has been prepared for the
Company by an independent Qualified Person and filed on SEDAR+. No finder’s fees are
payable in connection with the Acquisition.
Post-closing, the Company plans to move quickly to commence exploration on the Project.
Private Placement
The Company also announce s that further to its press release dated February 5, 2026, it
has closed its previously announced non -brokered private placement (the “ Private
Placement”) for gross proceeds of $2,000,000 through the issuance of 13,333,333 units of
the Company (each, a “Unit”) at an issue price of $0.15 per Unit.
Each Unit consists of one common share in the capital of the Company (a “ Share”) and
one-half of one common share purchase warrant (each whole warrant, a “ Warrant”). Each
Warrant entitles the holder to purchase one Share for a period of thirty-six (36) months from
the date of issuance at an exercise price of $0.30.
The Units issued pursuant to the Private Placement are subject to a four-month hold period
from the closing date of the Private Placement under applicable Canadian securities laws.
The Company intends to use the net proceeds of the Private Placement primarily for
general corporate purposes and exploration on the Company’s mineral exploration
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properties. There may be circumstances, however, where, for sound business reasons, a
reallocation of funds may be necessary.
There are no finder’s fees payable in connection with the Private Placement.
Please refer to the Company’s press release dated February 5 , 2026 for further details
about the Private Placement.
For further information, please contact:
Au Gold Corp
Marc G. Blythe, MBA, P .Eng., President & Chief Executive Officer
Sandrine Lam, Investor Relations Phone: 1-604-687-3520 Ext. 250
augoldcorp.com
About Au Gold
Au Gold Corp (TSXV: AUGC) is a gold exploration company focused on advancing its
flagship Havelock gold -antimony project in the Victorian Gold Fields in Australia and the
Ponderosa gold project in the Spences Bridge Gold Belt in British Columbia, Canada.
Cautionary Note
This release includes certain statements and information that may constitute forward -
looking information within the meaning of applicable Canadian securities laws. Forward -
looking statements relate to future events or future performance and reflect the
expectations or beliefs of management of the Company regarding future events. Generally,
forward-looking statements and information can be identified by the use of forward -looking
terminology such as “intends” or “anticipates”, or variations of such words and phrases or
statements that certain actions, events or results “may” , “could” , “should” , “would” or
“occur”. This information and these statements, referred to herein as "forward -looking
statements" , are not historical facts, are made as of the date of this news release and
include without limitation, statements regarding discussions of future plans, estimates and
forecasts and statements as to management’s expectations and intentions with respect to,
among other things, the use of proceeds from the Private Placement and future exploration
activities including drilling on the Project.
These forward -looking statements involve numerous risks and uncertainties and actual
results might differ materially from results suggested in any forward -looking statements.
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Such risks and uncertainties include, among other things, the ability of the Company to
obtain sufficient financing to fund its business activities and plans, delays in obtaining
governmental and regulatory approvals (including of the TSX Venture Exchange), changes in
laws, regulations and policies affecting mining operations, currency fluctuations, market
uncertainty, as well as those factors discussed in the Company's most recently filed
management's discussion and analysis and other filings of the Company with Canadian
securities authorities, copies of which can be found under the Company's profile on the
SEDAR+ website at www.sedarplus.ca.
In making the forward looking statements in this news release, the Company has applied
several material assumptions, including without limitation, that the Company will be able to
obtain sufficient financing to carry out its planned exploration activities.
Although management of the Company has attempted to identify important factors that
could cause actual results to differ materially from those contained in forward -looking
statements or forward -looking information, there may be other factors that cause results
not to be as anticipated, estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future events could differ
materially from those anticipated in such statements. Accordingly, readers should not
place undue reliance on forward -looking statements and forward -looking information.
Readers are cautioned that reliance on such information may not be appropriate for other
purposes. The Company does not undertake to update any forward -looking statement,
forward-looking information or financial out-look that are incorporated by reference herein,
except in accordance with applicable securities laws. We seek safe harbour.