Austral Gold Announces Filing of Q3 2019 Quarterly Activity Report

MEDIA RELEASE

Austral Gold Limited

22 October 2019

Austral Gold Announces Filing of Q3 2019 Quarterly

Activity Report

Austral Gold Limited (the “Company”) (ASX: AGD; TSX-V: AGLD) is pleased to announce that it has

filed its Q3 2019 Quarterly Activity Report. The Report is available under the Company’s profile at

www.asx.com.au and 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 asse ts 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) 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 t o 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.

On behalf of Austral Gold Limited:

"Stabro Kasaneva" CEO

For additional information please contact:

Jose Bordogna David Hwang

Chief Financial Officer Company Secretary

Austral Gold Limited Austral Gold Limited

[email protected] [email protected]

+54 (11) 4323 7558 +61 (2) 9698 5414

Austral Gold Limited ABN 30 075 860 472 ASX: AGD TSXV: AGLD

Level 5 126 Phillip St, Sydney NSW 2000 | T +61 2 9380 7233 | F +61 2 9251 7455 | [email protected] | www.australgold.com