Mr. Jose Bordogna reports

AUSTRAL GOLD ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING

Shareholders of Austral Gold Ltd. passed all resolutions in the notice of meeting dated April 28, 2023, at the general meeting held today at 8:30 a.m. Australian Eastern Standard Time by way of poll.

A summary of proxy votes and the number of votes cast on each poll is provided in an attached table.

About Austral Gold Ltd.

Austral Gold is a growing gold- and silver-mining producer building a portfolio of quality assets in the Americas. Austral continues to lay the foundation for its growth strategy by advancing its attractive portfolio of producing and exploration assets.

We seek Safe Harbor.