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AGLD.V ·

Austral Gold Reports Expiry of Option with Pampa Metals

Mergers & Acquisitions

Austral Gold Reports Expiry of Option with

Pampa Metals

Sydney, Australia--(Newsfile Corp. - July 27, 2023) -

Established gold producer Austral Gold

Limited's

(ASX: AGD) (TSXV: AGLD) (Austral or the Company) announces the expiry of the option

agreement entered into with Pampa Metals announced on 28 July 2021, whereby it could acquire up to

an 80% interest in the Cerro Blanco and Morros Blancos projects located in Chile. Since the start of the

agreement, Austral conducted exploration activities that cost approximately US$1.6 million of on the

projects.

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

Gareth Quinn

Media and Investor Relations

Republic PR

[email protected]

+61 417 711 108

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

https://www.newsfilecorp.com/release/175063