Mr. Stabro Kasaneva reports

AUSTRAL GOLD ANNOUNCES FILING OF 2025 ANNUAL REPORT

Austral Gold Ltd. has filed its 2025 annual report for the year ended Dec. 31, 2025. The complete report is available under the company's profile on the Australian Securities Exchange website, SEDAR+ and the company's website.

Fiscal year 2025 highlights:

• Reopening of the Casposo mine (Argentina) during fiscal year 2025, contributing 4,283 GEOs (gold equivalent ounces) in Q4; combined with 11,109 GEOs from the Guanaco mine complex (Chile), total fiscal year 2025 production was 15,392 GEOs;
• After-tax profit of $14.7-million (U.S.) (fiscal year 2024: loss of $27.1-million (U.S.)), representing the first net profit since fiscal year 2020;
• Net cash generated from operating activities of $9.3-million (U.S.), compared with net cash used in operating activities of $6.5-million (U.S.) in fiscal year 2024;
• Average realized price of $3,576 (U.S.) per GEO, C1 cash cost of $2,264 (U.S.) per GEO and AISC (all-in sustaining cost) of $2,501 (U.S.) per GEO;
• Cash and cash equivalents of $10.5-million (U.S.) (fiscal year 2024: $3.6-million (U.S.));
• Financial debt of $26.6-million (U.S.) (fiscal year 2024: $26.6-million (U.S.)) and net financial debt of $16-million (U.S.) (fiscal year 2024: $23-million (U.S.)).

After year-end:

• Sold 6,588,761 shares of Unico Silver for net proceeds of $4.7-million (U.S.); of this amount, $2.7-million (U.S.) were used to exercise 15 million options at 26 Australian cents per share to acquire 15 million Unico shares;
• Private placement raised gross proceeds of $8,456,000 (Australian) (approximately $5.9-million (U.S.)) with commitments received on Feb. 17, 2026, and closed on Feb. 23, 2026.

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 in ASX-listed Unico Silver.

We seek Safe Harbor.