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