Austral Gold Announces its Annual General Meeting Results

Sydney, Australia–(Newsfile Corp. – May 26, 2022) – Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (the “Company”) is pleased to announce that its shareholders passed all resolutions in the Notice of Meeting dated 22 April 2022 at the General Meeting held today at 8.00am (AEST) by way of poll.

A summary of proxy votes and the number of votes cast on each poll is attached, in accordance with ASX Listing Rule 3.13.2 and Section 251AA(2) of the Corporations Act.

About Austral Gold

Austral Gold Limited is a growing gold and silver mining, development and exploration company whose strategy is to expand the life of its cash generating assets in Chile, restart its Casposo mine in Argentina and build a portfolio of quality assets in Chile, the USA and Argentina organically through a Tier 1 or 2 exploration strategy and via acquisitions and strategic partnerships. Austral owns a 100% interest in the Guanaco/Amancaya mine in Chile and the Casposo Mine (currently on care and maintenance) in Argentina, a non-controlling interest in the Rawhide Mine in Nevada, USA and a non-controlling interest in Ensign Gold which holds the Mercur project in Utah, USA.

In addition, Austral owns an attractive portfolio of exploration projects in the Paleocene Belt in Chile (including those acquired in the 2021 acquisition of Revelo Resources Corp), a noncontrolling interest in Pampa Metals and a 100% interest in the Pingüino project and a 51% interest in the Sierra Blanca project, both in Santa Cruz, Argentina. Austral Gold Limited is listed on the TSX Venture Exchange (TSXV: AGLD) and the Australian Securities Exchange. (ASX: AGD). For more information, please consult Austral’s website at www.australgold.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Release approved by the Chief Executive Officer of Austral Gold, Stabro Kasaneva.

For additional information please contact:

Jose Bordogna
Chief Financial Officer
Austral Gold Limited
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+61 4666 892 307

David Hwang
Company Secretary
Austral Gold Limited
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+61 (2) 9698 5414

Austral Gold Limited ABN 30 075 860 472 ASX: AGD TSXV: AGLD
Level 5 126 Phillip St, Sydney NSW 2000 | T +61 2 9380 7233 | F +61 2 9251 7455 | This email address is being protected from spambots. You need JavaScript enabled to view it.| www.australgold.com

AUSTRAL GOLD LIMITED
ANNUAL GENERAL MEETING
Friday, 27 May 2022
Results of Meeting

The following information is provided in accordance with section 251AA(2) of the Corporations Act 2001 (Cth) and ASX Listing Rule 3.13.2.

Resolution details		Instructions given to validly appointed proxies (as at proxy close)				Number of votes cast on the poll (where applicable)			Resolution Result
Resolution	Resolution Type	For	Against	Proxy’s Discretion	Abstain	For	Against	Abstain*	Carried / Not Carried
1 – Adoption of the Remuneration Report	Ordinary	14,531,247	2,425,805	160,143	433,262,286	14,691,390	2,425,805	433,262,286	Carried
		84.89%	14.17%	0.94%		85.83%	14.17%
2 – Re-election of Director – Mr Benjamin Jarvis	Ordinary	449,889,195	141,951	167,489	180,846	450,306,684	141,951	180,846	Carried
		99.94%	0.03%	0.03%		99.97%	0.03%
3 – Re-election of Director – Mr Eduardo Elsztain	Ordinary	449,864,617	173,876	160,143	180,846	450,274,760	173,876	180,846	Carried
		99.93%	0.04%	0.03%		99.96%	0.04%
4 – Re-election Director – Mr Pablo Vergara Del Carril	Ordinary	449,852,277	186,215	160,143	180,846	450,262,420	186,215	180,846	Carried
		99.93%	0.04%	0.03%		99.96%	0.04%
5 – Re-election of Director – Mr Robert Trzebski	Ordinary	449,879,105	159,388	160,143	180,846	450,289,248	159,388	180,846	Carried
		99.93%	0.04%	0.03%		99.96%	0.04%
6 – Re-election of Director – Mr Saul Zang	Ordinary	449,861,633	176,860	160,143	180,846	450,271,776	176,860	180,846	Carried
		99.93%	0.04%	0.03%		99.96%	0.04%
7 – Re-election of Director – Mr Wayne Hubert	Ordinary	447,781,354	2,257,138	160,143	180,846	448,191,497	2,257,138	180,846	Carried
		99.47%	0.50%	0.03%		99.50%	0.50%
8 – Approval of 10% Capacity to Issue Equity Securities	Special	449,876,955	172,129	160,143	170,255	450,287,098	172,129	170,255	Carried
		99.93%	0.04%	0.03%		99.96%	0.04%

* Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.