Austin Gold Corp. provided the following projects updates. Austin has received gold assay results for the drilling program at its Miller Project located at the southern end of the Carlin gold trend in Elko County, Nevada.

Four holes totaling 6,565 feet ("ft") (2,001 meters ("m")) were drilled to target Carlin-type gold mineralization hypothesized to occur beneath Quaternary gravels and Tertiary volcanic rocks. The primary purpose of this drilling program was to determine if suitable Carlin-type host rocks occurred at reasonable depth in areas with gold and multi-element biogeochemical anomalies. Some of the sample intervals in the Paleozoic rocks contained detectable gold up to 0.099 grams per tonne ("g/t"), whereas high values of 0.116 and 0.208 g/t gold are hosted by volcanic rocks interpreted to be Eocene in age.

A thorough evaluation of data from the drilling program is pending receipt of multi-element geochemistry results and check samples. At the Stockade Mountain Project, Malheur County, Oregon, the Exploration Permit application has been approved by the Oregon Department of Geology and Mineral Industries to drill up to sixteen holes. Approval by the United States Bureau of Land Management of the "Notice" to conduct exploration activities was previously received and, therefore, all permits necessary to construct access roads and initiate drilling are in hand.

Stockade Mountain is a gold and silver exploration-stage project with a history of significant exploration work, most notably by BHP- Utah, Phelps Dodge and Placer Dome in the 1990s, followed by twenty years of little to no work. Austin's drilling program is designed to test beneath the known high-level gold/silver-bearing stockworks mineralization for high-grade vein deposits formed deeper in the hydrothermal system. Historical near-surface drill intercepts include 260 ft (79.2 m) averaging 0.937 g/t Au from 150 - 410 ft (45.7 - 125 m).

Numerous other drill holes returned long intercepts of >0.2 g/t Au. Austin plans to initiate the drilling of ten holes at Stockade Mountain as soon as practicable, subject to drill rig availability. Austin continues data compilation, evaluation, and planning of a geophysics program on its Lone Mountain Project, Elko County, Nevada.

The Lone Mountain property exposes one of about a dozen lower-plate carbonate windows through the regional Roberts Mountains thrust and related faults.