Austral Gold Announces Change of Year End

Vancouver, British Columbia--(Newsfile Corp. - November 8, 2017) - Austral Gold Limited (ASX: AGD) (TSXV: AGLD) ('Company" or "Austral") wishes to advise of a change to its financial year end from 30 June to 31 December.The purpose of this change is to align the Company's financial year with that of its operating subsidiaries.

As a result of the change, the current financial year will be a six month period from 1 July 2017 to 31 December 2017.The Company's subsequent financial year will commence from 1 January 2018 for a period of 12 months, ending on 31 December 2018.

On behalf of Austral Gold Limited,
Andrew Bursill
Company Secretary

For Further Information Please Contact:
Mike Brown, VP Corporate Development
Mike.brown@australgold.com
Canada: +1 604 568 2496
Argentina: + 54 11 4323 7558

About Austral Gold

Austral Gold Limited is a growing precious metals mining, development and exploration company building a portfolio of quality assets in Chile and Argentina. The Company's flagship Guanaco project in Chile is a low-cost gold and silver producing mine with further exploration upside. Austral commenced open-pit mining operations at Amancaya in 2017.The Company also owns 70% and is operator of the underground silver-gold Casposo mine in San Juan, Argentina. With an experienced local technical team and highly regarded major shareholder, Austral's goal is to continue to strengthen its asset base through acquisition and discovery. Austral Gold Limited is listed on the TSX Venture Exchange (TSXV: AGLD), and the Australian Securities Exchange (ASX: AGD). For more information, please consult the company's website: 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.