An anonymous director reports

AUGUSTA GOLD ANNOUNCES LOAN EXTENSION

Augusta Gold Corp. has extended the maturity date of its loan with Augusta Investments Inc. to April 30, 2025. The company also agreed to pay an extension fee to the lender of $71,748 (U.S.).

In connection with the extension, the lender will loan to the company $5,479,941.03 (U.S.), an amount equal to all interest and fees payable on the loan under the loan through Sept. 30, 2024 (including the amount of the extension fee), which the company will immediately repay to the lender in full satisfaction of all interest and fees payable through Sept. 30, 2024.

All interest payable from Oct. 1, 2024, through the maturity date will not become due and payable under the loan until the company obtains approval for the payment of such interest from the disinterested shareholders of the company in accordance with the requirements of the Toronto Stock Exchange. If the company does not obtain the necessary approval from the company's disinterested shareholders by April 30, 2025, then at any time immediately following such date until such approval from the company's disinterested shareholders is obtained, the principal amount outstanding under the loan will become immediately due and payable in full upon delivery of written notice by the lender to the company making demand for immediate payment of the loan.

About Augusta Gold Corp.

Augusta Gold is an exploration and development company focused on building a long-term business that delivers stakeholder value through developing the Reward and Bullfrog gold projects and pursing accretive M&A (mergers and acquisitions) opportunities. The Reward and Bullfrog gold projects are located in the prolific Bullfrog mining district, approximately 120 miles northwest of Las Vegas, Nev., and just outside of Beatty, Nev. The company is led by a management team and board of directors with a proven record of success in financing and developing mining assets and delivering shareholder value.

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