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AGLD.V ·

Austral Gold Announces its Annual General Meeting Results

Shareholder Meetings

Austral Gold Announces its Annual General

Meeting Results

Sydney, Australia--(Newsfile Corp. - May 26, 2022) - Austral Gold Limited (ASX: AGD) (TSXV: AGLD)

(the "Company") is pleased to announce that its shareholders passed all resolutions in the Notice of

Meeting dated 22 April 2022 at the General Meeting held today at 8.00am (AEST) by way of poll.

A summary of proxy votes and the number of votes cast on each poll is attached, in accordance with

ASX Listing Rule 3.13.2 and Section 251AA(2) of the Corporations Act.

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 2021 acquisition of Revelo Resources Corp), a noncontrolling interest in

Pampa Metals and a 100% interest in the Pingüino project and a 51% interest in the Sierra Blanca

project, both 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]

+61 4666 892 307

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 Phillip St, Sydney NSW 2000 |

T

+61 2 9380 7233 |

F

+61 2 9251 7455 |

[email protected]

|

www.australgold.com

AUSTRAL GOLD LIMITED

ANNUAL GENERAL MEETING

Friday, 27 May 2022

Results of Meeting

The following information is provided in accordance with section 251AA(2) of the Corporations Act 2001 (Cth) and ASX Listing Rule 3.13.2.

Resolution details

Instructions given to validly appointed proxies (as at

proxy close)

Number of votes cast on the poll (where

applicable)

Resolution

Result

Resolution

Resolution

Type

For

Against

Proxy's

Discretion

Abstain

For

Against

Abstain*

Carried / Not

Carried

1 - Adoption

of the

Remuneration

Report

Ordinary

14,531,247

2,425,805

160,143

433,262,286

14,691,390

2,425,805

433,262,286

Carried

84.89%

14.17%

0.94%

85.83%

14.17%

2 - Re-

election of

Director - Mr

Benjamin

Jarvis

Ordinary

449,889,195

141,951

167,489

180,846

450,306,684

141,951

180,846

Carried

99.94%

0.03%

0.03%

99.97%

0.03%

3 - Re-

election of

Director - Mr

Eduardo

Elsztain

Ordinary

449,864,617

173,876

160,143

180,846

450,274,760

173,876

180,846

Carried

99.93%

0.04%

0.03%

99.96%

0.04%

4 - Re-

election

Director - Mr

Pablo Vergara

Del Carril

Ordinary

449,852,277

186,215

160,143

180,846

450,262,420

186,215

180,846

Carried

99.93%

0.04%

0.03%

99.96%

0.04%

5 - Re-

election of

Director - Mr

Robert

Trzebski

Ordinary

449,879,105

159,388

160,143

180,846

450,289,248

159,388

180,846

Carried

99.93%

0.04%

0.03%

99.96%

0.04%

6 - Re-

election of

Director - Mr

Saul Zang

Ordinary

449,861,633

176,860

160,143

180,846

450,271,776

176,860

180,846

Carried

99.93%

0.04%

0.03%

99.96%

0.04%

7 - Re-

election of

Director - Mr

Wayne Hubert

Ordinary

447,781,354

2,257,138

160,143

180,846

448,191,497

2,257,138

180,846

Carried

99.47%

0.50%

0.03%

99.50%

0.50%

8 - Approval

of 10%

Capacity to

Issue Equity

Securities

Special

449,876,955

172,129

160,143

170,255

450,287,098

172,129

170,255

Carried

99.93%

0.04%

0.03%

99.96%

0.04%

* Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.

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

https://www.newsfilecorp.com/release/125519