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AGLD.V ·

Austral Gold Limited Annual General Meeting

Shareholder Meetings

Austral Gold Limited Annual General Meeting

Sydney, Australia--(Newsfile Corp. - April 26, 2018) - Austral Gold Limited (ASX: AGD) (TSXV: AGLD) ('the Company" or

"Austral") is pleased to advise that the following documents will be dispatched to shareholders on 27 April 2018:

Notice of Annual General Meeting

Shareholder proxy for shares traded on the ASX (if applicable)

Shareholder proxy for shares traded on the TSX.V (if applicable)

Annual Report (to those shareholders who have requested it)

*The Notice of Annual General Meeting and the two sample Proxy Forms

will be available at

http://www.asx.com.au

,

on the

Company's website at

www.australgold.com

and

will be filed on Sedar under the company's profile.

About Austral Gold

Austral Gold Limited is a growing precious metals mining, development and exploration company building a portfolio of

quality assets in Chile and Argentina. The Company's flagship Guanaco project in Chile is a gold and silver producing mine

with further exploration upside. The Company is also operator of the underground silver-gold Casposo mine in San Juan,

Argentina. With an experienced local technical team and highly regarded major shareholder, Austral's goal is to 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.

For additional information please contact:

Jose

Bordogna

Chief Financial Officer

Austral Gold Limited

[email protected]

+54 (11) 4323 7558

Andrew Bursill

Company Secretary

Austral Gold Limited

[email protected]

+61 (2) 9299 9690