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AGLD.V ·

Austral Gold Announces Filing of Annual Report for the

Financials

Austral Gold Announces Filing of Annual Report for the

Financial Year Ended 31 December 2019

Sydney, Australia--(Newsfile Corp. - March 5, 2020) - Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (the "Company") is

pleased to announce that it has filed its Annual Report for the Financial Year ended 31 December 2019. The Annual Report is

available at

http://www.asx.com.au

,

www.sedar.com

and the Company's website at

www.australgold.com

.

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/Amancaya project in Chile is a gold and silver

producing mine with further exploration upside. The company also holds the Casposo Mine (San Juan, Argentina), a

~23.62% interest in the Rawhide Mine (Nevada, USA) and an attractive portfolio of exploration projects including the

Pingüino project in Santa Cruz, Argentina (100% interest) and the San Guillermo and Reprado projects near Amancaya

(100% interest). 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.

Release approved by the Chief Executive Officer, Stabro Kasaneva.

For additional information please contact:

Jose Bordogna

Chief Financial Officer

Austral Gold Limited

[email protected]

+54 (11) 4323 7558

David Hwang

Company Secretary

Austral Gold Limited

[email protected]

+61 (2) 9698 5414

Austral Gold Limited

ABN 30 075 860 472

ASX: AGD TSXV: AGLD

Level 5 126-130 Phillip St, Sydney NSW 2000 |

T

+61 2 9380 7233 |

F

+61 2 9251 7455 |

[email protected]

|

www.australgold.com

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/53217