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Austral Gold Announces Filing of Q1 2020 Quarterly Activity Report

Financials

Austral Gold Announces Filing of Q1 2020 Quarterly

Activity Report

Sydney, Australia--(Newsfile Corp. - April 29, 2020) - Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (the "Company") is

pleased to announce that it has filed its Q1 2020 Quarterly Activity Report. The 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 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 of Austral Gold, 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

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

https://www.newsfilecorp.com/release/55076