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AGLD.V ·

Austral Gold Announces Change of Year End

Corporate Actions

Austral Gold Announces Change of Year End

Vancouver, British Columbia--(Newsfile Corp. - November 8, 2017) - Austral Gold Limited (ASX: AGD) (TSXV: AGLD)

('

C

ompan

y

" or "

Austral

") wishes to advise of a change to its financial year end from 30 June to 31 December.

The purpose of

this change is to align the Company's financial year with that of its operating subsidiaries.

As a result of the change, the current financial year will be a six month period from 1 July 2017 to 31 December 2017.

The

Company's subsequent financial year will commence from 1 January 2018 for a period of 12 months, ending on 31 December

2018.

On behalf of Austral Gold Limited,

Andrew Bursill

Company Secretary

For Further Information Please Contact:

Mike Brown, VP Corporate Development

[email protected]

Canada: +1 604 568 2496

Argentina: + 54 11 4323 7558

About Austral Gold

Austral Gold Limited is a growing precious metals mining, development and exploration company building a portfolio of

quality assets in Chile and Argentina. The Company's flagship Guanaco project in Chile is a low-cost gold and silver

producing mine with further exploration upside. Austral commenced open-pit mining operations at Amancaya in 2017.

The

Company also owns 70% and is operator of the underground silver-gold Casposo mine in San Juan, Argentina. With an

experienced local technical team and highly regarded major shareholder, Austral's goal is to continue to strengthen its asset

base through acquisition and discovery. Austral Gold Limited is listed on the TSX Venture Exchange (TSXV: AGLD), and the

Australian Securities Exchange (ASX: AGD). For more information, please consult the company's website:

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.