Austin Metals Limited announced results from recent surface sampling, geophysical programs and drilling being conducted recently as part of the first material exploration programs at the Project to date on the Austin Gold Project in Western Australia. Austin Metals recently completed a total of 12 RC holes for 1,671 metres as well as 2 diamond holes for 223 metres at Brunswick Hill. The primary aim of the program was to focus on two areas of known gold mineralisation in order to acquire critical information to better understand and explore the highly prospective 175 square kilometer license package. Preliminary assay results have been returned from all RC holes and highlight results have been returned from the strongly pyrite-altered Banded Iron Formation (BIF) with associated quartz veining. Gold mineralisation >1 g/t Au has now been defined by drilling continuously now for over 200m strike. Highlight assays results returned are: 1m at 8.9 g/t Au within an interval of 8m at 1.5 g/t Au from 64m in SCI016; 8m at 1.0 g/t Au from 90 m in SCI017 (1m assay result pending); 4m at 1.3 g/t Au from 56m in SCI012 (1m assay result pending); and 4m at 1.1 g/t Au from 52m in SCI035 (1m assay result pending); Review of the results and geology to date have significantly enhanced the Company's understanding of the Project. As an example, significant widths of gold mineralisation, with high grades in places up to 8.9 g/t Au, are hosted in the upper portion of the BIF and mineralisation is open at depth and along strike. Assays for 2 diamond holes at Brunswick Hill remain outstanding that can also add further information to assist exploration efforts on the prospect in 2022. In addition to drilling, Austin Metals engaged external consultant geophysics consultant Mappitt Geosolutions and Vortex Geophysics to conduct an IP survey across the Brunswick Hill as well as the Mt Sandy and Shadow prospect areas. The aim of the program was to identify disseminated pyrite sulphide and/or silica alteration and veining at each prospect area (NB: details of the SAM survey are outlined in Section 2 of the JORC Table). The results of the gradient array IP geophysics survey at Brunwick Hill are compelling, and several implications are suggested from the chargeability data and images that are specifically designed to identify zones of strongly disseminated sulphide. A positive correlation has been determined between strong pyrite-alteration ssociated with significant gold assays in drilling and the occurrence in particular of larger IP chargeability anomalies 100-150m. At least 5 new chargeability anomalies >100 m in diameter have been identified in he IP chargeability images that have never been drill tested. Historic gold-in-soil nomalies >10 ppb Au confirms these newly defined targets are all highly prospective for further gold mineralisation and will be incorporated into the 2022 exploration plans. Austin Metals also recently completed a reconnaissance rock sampling program that comprised 39 rock samples at the Old Granites prospect area located 15 km south of Brunswick Hill. The primary objective of the program was to investigate the gold bearing veins at surface exposed in several historic pits and workings that occur over a 1.3 km strike. The aim of the field program is to identify drill targets since there is no historic drilling at the prospect. The results of the rock sampling program are extremely encouraging and strongly support a 1.3 km trend of gold mineralisation partly exposed at surface with assays that average 1.3 g/t Au with peak assays up to 15.3 g/t Au and 7.6 g/t Au at the southern end of the trend and up to 5.7 g/t Au at the northern end. A review of the historic soil data in the area was also completed by Austin Metals. The survey was completed by Doray Minerals in 2012 and the results confirm a significant gold-in-soil anomaly >5ppb and up to 50 ppb coincident with the 1.3 km strike of historic workings and outcropping gold-rich veins. A second significant gold-in-soil anomaly >4ppb and up to 11 ppb is located along strike to the south that effectively extends the strike potential of the target to 2.5 km. In addition, a new gold-in- soil anomaly over 5ppb and up to 262 ppb also occurs to the east that extends over an area of 600m by 700m and is open to the south. Interestingly, the eastern anomaly appears to occur within a northwestern trending corridor between two interpreted structures from the airborne magnetic images that may also continue some 5-10 km to the northwest into the Shadow target area.