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Austral Gold Announces Filing of Q3 2021 Quarterly Activity Report

Financials

Austral Gold Announces Filing of Q3 2021

Quarterly Activity Report

Sydney, Australia--(Newsfile Corp. - October 28, 2021) - Austral Gold Limited (ASX: AGD) (TSXV:

AGLD) (the "Company") is pleased to announce that it has filed its Q3 2021 Quarterly Activity Report.

The complete 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 gold and silver mining, development and exploration company

whose strategy is to expand the life of its cash generating assets in Chile, restart its Casposo mine in

Argentina and build a portfolio of quality assets in Chile, the USA and Argentina organically through a

Tier 1 or 2 exploration strategy and via acquisitions and strategic partnerships. Austral owns a 100%

interest in the Guanaco/Amancaya mine in Chile and the Casposo Mine (currently on care and

maintenance) in Argentina, a non-controlling interest in the Rawhide Mine in Nevada, USA and a

non-controlling interest in Ensign Gold which holds the Mercur project in Utah, USA.

In addition, Austral owns an attractive portfolio of exploration projects in the Paleocene Belt in Chile

(including those acquired in the recent acquisition of Revelo Resources Corp), a noncontrolling

interest in Pampa Metals and a 100% interest in the Pingüino project in Santa Cruz, Argentina.

Austral Gold Limited is listed on the TSX Venture Exchange (TSXV: AGLD) and the Australian

Securities Exchange. (ASX: AGD). For more information, please consult Austral's website at

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/101249