Augusta Gold Corp. announced that it is advancing on its plan to complete a Feasibility Study at its 100% owned Reward Project and continues to push forward environmental studies to support advanced permitting activities and support a mine plan of operations at its Bullfrog Project, both located in the Walker Lane district of southern Nevada. Augusta Gold is advancing completion of the final Feasibility Study on its 100% owned Reward open pit/heap leach project in the Walker Lane district of southern Nevada.

Reward has all major federal and state permits in place, sufficient water rights for construction and operation, and existing power supply to the project site. Prices for goods and services have stabilized sufficiently allowing the Company to advance completion of the Feasibility Study. Kappes, Cassiday and Associates, based in Reno, NV is the primary contractor for the study, which is scheduled for completion in Q4/2023.

Other contractors contributing to the Feasibility Study are Respec, Newfields, Apex Geosciences, Knight Piésold and SRK. In addition to the Feasibility Study, drill plans are in place to test additional mineral resource growth potential extending adjacent to and below the current pit shell Environmental studies continue on the project to support planned development schedules.