Mr. Marc Blythe reports

AU GOLD CORP ENGAGES GEOMORPHIC AI TO INDEPENDENTLY VALIDATE DRILL TARGETING AT ITS HAVELOCK GOLD-ANTIMONY PROJECT AND GENERATE NEW PROJECTS IN VICTORIA, AUSTRALIA

Au Gold Corp has engaged Geomorphic AI Corp., private North American artificial-intelligence-driven minerals prospect generator with a proprietary geoscience platform, to independently validate drill targeting at the company's 100-per-cent-owned Havelock gold-antimony project in Victoria, Australia. In addition to reviewing the Havelock project, Geomorphic will use its proprietary AI (artificial intelligence) agents to identify other high potential gold projects in the Victorian Goldfields which AUGC may elect to acquire.

Havelock covers 11,663 hectares in the Victorian Goldfields, approximately half way between Bendigo and Ballarat. The Victorian Goldfields have produced more than 80 million ounces of gold and host Agnico Eagle's Fosterville mine, Southern Cross Gold Consolidated's Sunday Creek discovery and Alkane Resources' Costerfield gold-antimony mine. Gold-antimony systems in the region have been shown to persist well below the depth of historical mining.

The project contains the nine-kilometre Shaw-McFarlane trend (SMT), which has never been drilled, together with the Leviathan-Mariner's and Oxonian trends. Historical records compiled by the company show recorded hard-rock production from the SMT of approximately 17,097 ounces of gold at an average grade of 28.7 grams per tonne gold between 1864 and 1891, with the deepest workings at Shaw's Main reaching only 500 feet (152 m) and all other mines on the trend worked to less than 350 feet (107 m) (press release dated Aug. 31, 2026). This historical information predates National Instrument 43-101, and no mineral resources exist on the Project.

Au Gold founder and chief executive officer Marc Blythe said: "Havelock is well described in historic mining records that date back a century and a half. The company recently reconstructed long sections for the main historical mines along the central portion of Shaw-McFarlane trend to guide its upcoming drill campaign. Geomorphic gives us a way to combine and validate all project information, old and new, in one consistent, auditable framework and to rank targets with the evidence attached. That is exactly the discipline we want behind our first modern drill holes at Havelock. Geomorphic's platform will enable us to test the historical record rigorously and sharpen our targeting parameters. We look forward to sharing results as they become available."

On the company's existing Havelock and Ponderosa projects, Geomorphic's work begins with a search for new data. Geomorphic will sweep government and other public archives for historical exploration and mining records not documented in the company's database and combine what it recovers with the company's own surface and geophysical information. Geomorphic will then prepare geological syntheses and provide Au Gold's technical team with a ranked portfolio of targets, each carrying its supporting evidence, confidence and the criteria that would disprove it, with targets reranked as new results arrive.

In parallel, Geomorphic will run a project generation program across Victoria, using its platform to screen the state's public geological, geochemical and historical mining records for new gold exploration projects on ground not currently held by the company. Each new project identified will be delivered to the company for evaluation, and the company retains sole discretion over whether to acquire it.

Geomorphic AI chief executive officer Mark Sumner said: "Havelock is the kind of project our platform was built for. The Victorian Goldfields hold an exceptional historical archive, from the mine managers' reports of the 1860s through to modern drilling on the Leviathan-Mariner's trend, but that record was produced by many separate companies to very different standards. Our job is to make it auditable, show what the evidence actually supports, and hand Au Gold's geologists targets they can question, refine and ultimately drill test."

Agreement highlights

The company has entered into a services agreement with Geomorphic under which Geomorphic will provide data compilation and validation, geological synthesis, and target generation and ranking across the company's Havelock and Ponderosa projects, together with a project generation program to identify new gold exploration projects for the company in Victoria.

Au Gold may elect to acquire any new project identified by Geomorphic by granting a 2-per-cent net smelter returns royalty on each new project acquired by Au Gold or an affiliate within five years of the project being delivered, applied to the company's attributable interest. The royalty does not apply to the Havelock or Ponderosa projects or to any other mineral rights held by the company.

In connection with the agreement, Au Gold has granted 250,000 stock options to Geomorphic, exercisable at 28 cents per share for a period of five years from the date of grant. The options are issued pursuant to the company's stock option plan and are subject to the policies of, and acceptance by, the TSX Venture Exchange.

Qualified person

Technical information in this press release was prepared under the supervision of William Wengzynowski, PEng, a qualified person as defined by NI 43-101. Mr. Wengzynowski is Au Gold's exploration manager.

Events

AUGC will be exhibiting at the following:

• 52nd Annual New Orleans Investment Conference, Oct 28 to Oct. 31, 2026;
• VRIC Vancouver, Jan. 24 to Jan. 25, 2027.

About Au Gold Corp.

Au Gold is a gold exploration company focused on advancing its flagship Havelock gold-antimony project in the Victorian Goldfields in Australia and the Ponderosa gold project in the Spences Bridge gold belt in British Columbia, Canada.

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