Mr. Stabro Kasaneva reports

AUSTRAL GOLD PROVIDES 2026 PRODUCTION GUIDANCE

Austral Gold Ltd. has prepared consolidated production guidance for the fiscal year ending Dec. 31, 2026, for its two wholly owned producing mines in Argentina and Chile.

Highlights:

• Consolidated fiscal 2026 production guidance: 26,000 to 30,000 gold equivalent ounces (GEOs);
• Guanaco mine (Chile): 15,000 to 17,000 GEOs primarily from the heap-reprocessing project;
• Casposo mine (Argentina): 11,000 to 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.

Guanaco mine (Chile) -- fiscal 2026 production guidance

Production for fiscal 2026 is forecast at 15,000 to 17,000 GEOs, primarily from mineralized material sourced from the heap-reprocessing project, which is expected to be the main feed source for the year.

Casposo mine (Argentina) -- fiscal 2026 production guidance

Casposo, which recommenced operations in October, 2025, is forecast to produce 11,000 to 13,000 GEOs in fiscal 2026, 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 FY 2026, supported by stabilized operations at Guanaco and the restart of operations at Casposo."

About Austral Gold Ltd.

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 Australian Securities Exchange-listed Unico Silver, as previously disclosed in the September, 2025, quarterly report.

We seek Safe Harbor.