AUGC.V · 2024-05-28 12:00:00

Au Gold Corp Announces Extension to Option Agreement

Mergers & Acquisitions Property Options & Staking

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Au Gold Corp

NR3-2024

Vancouver, British Columbia – May 28, 2024 – Au Gold Corp (TSXV:AUGC) (“ AUGC ” or the “ Company ”)

announces that it has agreed to an extension of the option agreement covering part of its Ponderosa

project, located near Merritt, BC.

The extension allows the Company a further three ye ars to complete $1M in exploration work on three

claims which surround its wholly owned central clai m. AUGC has agreed to issue 150,000 shares to the

claim optionor in exchange for this extension.

Management remains highly encouraged by the discove ry potential along the newly interpreted

Ponderosa Structural Corridor (PSC) and has designed a low cost reverse circulation (RC) drill program to

test the highest priority targets along the 1,800 m trend. Historical diamond drilling was restricted to a

140 m portion of the PSC with five scissor-style ho les while the most recent drill campaign targeted

epithermal vein mineralization associated with para llel secondary structures. Company personnel

recently began detailed mapping and reconnaissance work along the southern portion of the PSC to

expand the target trend and fine tune the proposed exploration plan.

For further information, please contact:

Au Gold Corp

Marc G. Blythe, MBA, P.Eng., President & Chief Executive Officer

Sandrine Lam, Investor Relations Phone: 1-604-687-3520 Ext. 250

To learn more visit: https://augoldcorp.com

Cautionary Note

NEITHER THE 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. STATEMENTS IN THIS NEWS RELEASE, OTHER THAN PURELY

HISTORICAL INFORMATION, INCLUDING STATEMENTS RELATI NG TO THE COMPANY'S FUTURE PLANS

AND OBJECTIVES OR EXPECTED RESULTS, MAY INCLUDE FOR WARD-LOOKING STATEMENTS. FORWARD-

LOOKING STATEMENTS ARE BASED ON NUMEROUS ASSUMPTION S AND ARE SUBJECT TO ALL OF THE

RISKS AND UNCERTAINTIES INHERENT IN RESOURCE EXPLOR ATION AND DEVELOPMENT. AS A RESULT,

ACTUAL RESULTS MAY VARY MATERIALLY FROM THOSE DESCR IBED IN THE FORWARD-LOOKING

STATEMENTS.