Austral Gold announces TSXV approval for share issuance

Austral Gold Limited (ASX: AGD,OTC:AGLDF) (TSXV: AGLD) (OTCQB: AGLDF) (“Austral” or the “Company”), an established gold producer, is pleased to announce that the TSX Venture Exchange (the “TSXV”) has approved the issuance of 1,025,077 fully paid ordinary shares of the Company (the “Shares”) to one investor pursuant to the repayment of accrued interest under previously issued convertible banknotes.

This issuance follows the Company’s press release dated November 13, 2025, announcing the conversion of the principal amount of the notes into common shares. The accrued interest has been converted into shares at the same conversion price of AUD$0.118 per share. The Shares will be issued in the existing capacity of the Company in accordance with ASX Listing Rule 7.1

The Shares issued in respect of interest are subject to a statutory four-month hold period under Canadian securities laws. There is no holding period applicable under Australian securities laws.

About Australasian gold

Austral Gold is a 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 production and exploration assets.

For more information, please visit the company’s website: www 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 Austral Gold Chief Executive Officer Stabro Kasaneva.

Forward-Looking Statements

Statements in this press release that are not historical facts are forward-looking statements. Forward-looking statements are statements that are not historical and consist primarily of projections and statements regarding future plans, expectations and developments. Words such as “expects,” “intends,” “plans,” “may,” “could,” “potential,” “should,” “anticipates,” “likely,” “believes” and words with similar expressions are intended to identify forward-looking statements. The forward-looking statements in this press release include, but are not limited to, the Company’s equity issuance and the Company’s growth strategy, including plans to expand its portfolio of production and exploration assets.

All of these forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that may cause actual events or results to differ from those expressed or implied, including, but not limited to, uncertainty of exploration programs, development plans and cost estimates, fluctuations in commodity prices; political or economic instability and regulatory changes; currency fluctuations, the condition of capital markets, uncertainty in the measurement of mineral resources and reserves; and other risks and hazards associated with the exploitation and development of mineral properties, as well as the availability of capital. You are cautioned that the foregoing list is not exhaustive of all factors and assumptions that may have been used. Austral cannot assure you that actual events, performance or results will be consistent with these forward-looking statements and management’s assumptions may prove to be incorrect. Austral’s forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof, and Austral assumes no obligation to update any forward-looking statements if circumstances or management’s beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, you should not place undue reliance on forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275679