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AGLD.V ·

Austral Gold Provides 2026 Production Guidance

Production Results

Austral Gold Provides 2026 Production

Guidance

HIGHLIGHTS

Consolidated

FY2026 production guidance: 26,000 to 30,000 gold-equivalent ounces

(GEOs)

.

Guanaco Mine (Chile):

15,000-17,000 GEOs

primarily from the heap-reprocessing project.

Casposo Mine (Argentina):

11,000-13,000 GEOs, based on six months of operations using

Casposo-owned ore.

During the other six months, the Casposo Plant is scheduled to process

Hualilan ore under quarterly toll campaigns agreed with Challenger Gold under the toll-processing-

agreement.

Sydney, Australia--(Newsfile Corp. - December 5, 2025) -

Austral Gold Limited

(ASX: AGD) (TSXV:

AGLD) (OTCQB: AGLDF) ("Austral" or the "Company"), an established gold producer, advises that it

has prepared

consolidated production guidance

for the fiscal year ending

31 December 2026

for its

two wholly owned producing mines in Argentina and Chile.

Guanaco Mine (Chile)- FY2026 Production Guidance

Production for FY2026 is forecast at

15,000-17,000

GEOs

, primarily from mineralised material sourced

from the heap-reprocessing project, which is expected to be the main feed source for the year.

Casposo Mine (Argentina)- FY2026 Production Guidance

Casposo, which recommenced operations in October 2025, is forecast to produce

11,000-13,000

GEOs in FY2026, corresponding to six months of operations using Casposo-owned ore. Under the toll-

processing agreement with Challenger Gold, the Casposo Plant is scheduled to process Hualilan

material during Q1 and Q3 2026, while Q2 and Q4 2026 are planned for processing Casposo-owned

ore.

Austral Gold's Chief Executive Officer, Stabro Kasaneva said:

"

We are pleased to present an

improved production outlook for FY2026, supported by stabilised operations at Guanaco and the

restart of operations at Casposo."

About Austral Gold

Austral Gold is a growing 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. Under its equity investments pillar, Austral holds shares and options in ASX-

listed Unico Silver, as previously disclosed in the September 2025 Quarterly Report.

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 on behalf of the Board by the Chief Executive Officer, Stabro Kasaneva.

For additional information please contact:

David Hwang

Jose Bordogna

Joint Company Secretary

Chief Financial Officer and Joint Company

Secretary

Austral Gold Limited

Austral Gold Limited

[email protected]

[email protected]

+61 433 292 290

+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, statements regarding expected production, operational

plans, the toll-processing arrangement with Challenger Gold, and Austral Gold's strategic focus on

production, exploration and equity investments".

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/277053