Mr. Stabro Kasaneva reports

AUSTRAL GOLD ANNOUNCES FILING OF 2026 HALF YEAR REPORT

Austral Gold Ltd. has filed its half-year 2026 report for the six months ended June 30, 2026.

The complete report is available under the company's profile at the Australian Securities Exchange website, SEDAR+ and the company's website.

HY 2026 highlights:

• Production: nearly doubled to 11,648 gold equivalent ounces (HY 2025: 5,996 GEO), reflecting the restart of Casposo alongside Guanaco;
• Profitability: revenue of $66.6-million (U.S.) (equals three times HY 2025) delivered gross profit of $33.3-million (U.S.) (50-per-cent margin) and net profit after tax of $15.5-million (U.S.) (23-per-cent margin), a turnaround from a net loss in HY 2025;
• Liquidity: cash and cash equivalents rose to $20.3-million (U.S.) (Dec. 31, 2025: $10.5-million (U.S.)) while total financial debt was reduced to $22.0-million (U.S.) (Dec. 31, 2025: $26.6-million (U.S.)); net financial debt fell to $1.7-million (U.S.) (Dec. 31, 2025: $16.0-million (U.S.)), and net assets increased to $50.6-million (U.S.);
• Technical report (subsequent to period-end): an updated National Instrument 43-101 technical report extended Guanaco's life of mine to 14 years with an after-tax net present value of $192.1-million (U.S.) (10-per-cent discount; $3,135 (U.S.) per ounce) (1).

(1) "Technical Report on the Guanaco Mine, Antofagasta Region, Chile," with an effective date of May 31, 2026, is available under the company's profile on SEDAR+ and on the ASX website. Austral Gold is not aware of any new information or data that materially affect the original market announcement.

Competent person's statement

The information in this announcement and half-year report that relates to mineral resources and ore reserves for the Guanaco project is extracted from the company's ASX announcement dated July 23, 2026, entitled "Austral Gold Announces Updated Guanaco Technical Report."

The company confirms that it is not aware of any new information or data that materially affect the information included in the original market announcement or technical report and that all material and technical assumptions underpinning the estimates continue to apply and have not materially changed.

The company confirms that the form and context in which the competent person's findings are presented have not been materially modified from the original market announcement and/or technical report.

For the purposes of listing Rule 5.22, the company confirms that the updated mineral reserve and mineral resource estimates were based on work reviewed or compiled by Marcos Valencia, Guillermo Valdes and Francisco Pavez, each a non-independent qualified person as defined by National Instrument 43-101 and a competent person as defined in the Joint Ore Reserves Committee (2012) Code, either as a member of the Australian Institute of Geoscientists, or members in good standing of recognized professional organizations in Canada and the United States.

Each competent person is an employee of the company.

Each competent person consents to the inclusion in this announcement and half-year report of the matters based on his information in the form and context in which it appears.

Each competent person has sufficient experience which is relevant to the style of mineralization and type of deposits under consideration and to the activities undertaken to qualify as a competent person as defined in the JORC (2012) Code.

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.