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AGLD.V ·

Austral Gold Announces TSXV Approval to Issue Shares

Share Capital & Compensation

Austral Gold Announces TSXV Approval to

Issue Shares

Sydney, Australia--(Newsfile Corp. - November 24, 2025) -

Austral Gold Limited

(ASX: AGD) (TSXV:

AGLD) (OTCQB: AGLDF) ("Austral" or the "Company"), an established gold producer, is pleased to

announce that the TSX Venture Exchange (the "TSXV") has approved the issuance of 1,025,077 fully

paid ordinary shares of the Company (the

"Shares"

) to one investor pursuant to the repayment of

accrued interest under previously issued convertible notes.

This issuance follows the Company's news release dated 13 November 2025, which announced the

conversion of the principal amount of the notes into ordinary shares. The accrued interest has been

converted into Shares at the same conversion price of AUD$0.118 per Share. The Shares will be issued

under the Company's existing capacity pursuant to ASX Listing Rule 7.1

The Shares issued in respect of interest will be subject to a four-month statutory hold period under

Canadian securities laws. No hold period applies under Australian securities laws.

About Austral Gold

Austral Gold is a gold and silver mining producer building a portfolio of quality assets in the Americas

based on three strategic pillars: production, exploration, and equity investments. Austral continues to lay

the foundation for its growth strategy by advancing its attractive portfolio of producing and exploration

assets.

For more information, please visit the Company'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 Company's Chief Executive Officer of Austral Gold, Stabro Kasaneva.

For additional information please contact:

David Hwang

Joint Company Secretary

Austral Gold Limited

[email protected]

+61 433 292 290

Jose Bordogna

Chief Financial Officer and Joint Company

Secretary

Austral Gold Limited

[email protected]

+61 466 892 307

Forward-Looking Statements

Statements in this news release that are not historical facts are forward-looking statements. Forward-

looking statements are statements that are not historical, and consist primarily of projections and

statements regarding future plans, expectations and developments. Words such as "expects", "intends",

"plans", "may", "could", "potential", "should", "anticipates", "likely", "believes" and words of similar

expressions are intended to identify forward-looking statements. The forward-looking statement in this

news release include, but are not limited to the issuance of the Company's shares, and the Company's

growth strategy, including plans to advance its portfolio of producing and exploration assets.

All of these forward-looking statements are subject to a variety of known and unknown risks,

uncertainties and other factors that could cause actual events or results to differ from those expressed or

implied, including, without limitation, uncertainty of exploration programs, development plans and cost

estimates, commodity price fluctuations; political or economic instability and regulatory changes;

currency fluctuations, the state of the capital markets, uncertainty in the measurement of mineral

resources and reserves; and other risks and hazards related to the exploitation and development of

mineral properties, as well as the availability of capital. You are cautioned that the foregoing list is not

exhaustive of all factors and assumptions which may have been used. Austral cannot assure you that

actual events, performance or results will be consistent with these forward-looking statements, and

management's assumptions may prove to be incorrect. Austral's forward-looking statements reflect

current expectations regarding future events and operating performance and speak only as of the date

hereof and Austral does not assume any obligation to update forward-looking statements if

circumstances or management's beliefs, expectations or opinions should change other than as required

by applicable law. For the reasons set forth above, you should not place undue reliance on forward-

looking statements.

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

https://www.newsfilecorp.com/release/275679