An anonymous director reports

AUGUSTA GOLD ANNOUNCES COMPLETION OF ACQUISITION BY ANGLOGOLD ASHANTI

Augusta Gold Corp. has successfully completed the previously announced merger (as defined below) which resulted in the acquisition of Augusta Gold by AngloGold Ashanti PLC (New York Stock Exchange: AU) (JSE: ANG). Pursuant to that certain agreement and plan of merger, dated as of July 15, 2025, by and among Augusta Gold, AngloGold Ashanti (U.S.A.) Holdings Inc., a Delaware corporation (Parent), Exploration Inc., a Nevada corporation and a wholly owned subsidiary of Parent (merger sub), and joined by AngloGold Ashanti Holdings PLC, a public limited company existing under the laws of the Isle of Man (HoldCo), for the limited purposes specified in the merger agreement, Parent, merger sub and Augusta Gold effected a merger of merger sub with and into Augusta Gold, with Augusta Gold surviving the merger as a wholly owned subsidiary of Parent. Parent and merger sub are indirect wholly owned subsidiaries of AngloGold Ashanti and HoldCo is a direct wholly owned subsidiary of AngloGold Ashanti.

As previously announced, the merger was approved by Augusta Gold stockholders at a special meeting held on Oct. 20, 2025. Under the terms of the merger, stockholders of Augusta Gold will receive $1.70 in cash per share of common stock of Augusta Gold. Augusta Gold stockholders who hold their common shares in beneficial form will automatically have such common shares exchanged for the merger consideration shortly following closing of the merger. Augusta Gold stockholders who hold their common shares in registered form will need to complete the form of letter of transmittal for the merger, and return the letter of transmittal and certificate(s) or DRS Advice(s) for their common shares to Computershare Trust Company of Canada in accordance with the instructions in the letter of transmittal. The form of letter of transmittal will be mailed to registered Augusta Gold stockholders within five business days of closing of the merger. The form of letter of transmittal will also be available on the company's website and on Augusta Gold's profile on both SEDAR+ and EDGAR.

As previously announced, Augusta Gold expects the common shares to be delisted from the Toronto Stock Exchange (TSX) and to cease to be quoted on the OTCQB. Augusta Gold has made an application to the relevant securities regulatory authorities in Canada to cease to be a reporting issuer in each of the provinces and territories of Canada in which it is a reporting issuer, and assuming receipt of an order granted under Canadian securities laws that it has ceased to be a reporting issuer, will no longer be subject to the disclosure requirements of a reporting issuer under Canadian securities laws. Augusta Gold intends to file a Form 15 with the U.S. Securities and Exchange Commission (the SEC) to terminate the registration of the Augusta Gold shares under the U.S. Securities Exchange Act of 1934, as amended, and to suspend its reporting obligations under the U.S. Exchange Act. Augusta Gold expects that its obligation to file reports with the SEC will be suspended immediately upon the filing of the Form 15. Augusta Gold reserves the right to delay the filing of the Form 15 or withdraw it for any reason prior to its effectiveness.

Further information regarding the merger is available in the definitive proxy statement/management information circular of Augusta Gold dated Sept. 17, 2025, which is available on Augusta Gold's profile on both SEDAR+ and EDGAR.

About Augusta Gold Corp.

Augusta Gold is an exploration and development company focused on its Reward and Bullfrog gold projects located in the prolific Bullfrog mining district approximately 120 miles northwest of Las Vegas, Nev., and just outside of Beatty, Nev.

We seek Safe Harbor.