Austral Gold Limited (the 'Company') (ASX: AGD; TSX-V: AGLD) is pleased to announce that it has filed its Q3 2021 Quarterly Activity Report.

The complete Report is available under the Company's profile at www.asx.com.au/, www.sedar.com/ and on the Company's website at www.australgold.com/.

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 recent acquisition of Revelo Resources Corp), a noncontrolling interest in Pampa Metals and a 100% interest in the Pinguino project in Santa Cruz, Argentina. Austral Gold Limited is listed on the TSX Venture Exchange (TSX-V: AGLD) and the Australian Securities Exchange. (ASX: AGD).

Contact:

Jose Bordogna

Tel: +54 (11) 4323 7558

Email: jose.bordogna@australgold.com

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