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Austral Gold Files 2022 Annual Report

Financials

Austral Gold Files 2022 Annual Report

Sydney, Australia--(Newsfile Corp. - March 29, 2023) - Austral Gold Limited (ASX: AGD) (TSXV: AGLD)

(

"Austral" or "the Company"

) is pleased to announce that it has filed its Annual Report for the

Financial Year Ended 31 December 2022.

About Austral Gold Limited

Austral Gold Limited is a gold and silver explorer and mining producer whose strategy is to expand the

life of its cash generating assets in Chile, restart its Casposo-Manantiales mine complex in Argentina

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

via acquisitions and strategic partnerships. Austral owns a 100% interest in the Guanaco/Amancaya

mines in Chile and the Casposo-Manantiales mine complex (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), and a 51% interest in the

Sierra Blanca project in Santa Cruz, Argentina. Austral Gold Limited is listed on the TSX Venture

Exchange (TSX-V: 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]

+61 466 892 307

Ben Jarvis

Director

Austral Gold Limited

[email protected]

+61 413 150 448

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

https://www.newsfilecorp.com/release/160518