Austral Gold Limited Annual General Meeting

Sydney, Australia--(Newsfile Corp. - April 27, 2020) - Austral Gold Limited (ASX: AGD) (TSXV: AGLD) ('the Company" or "Austral")  is pleased to advise that the following documents were dispatched to shareholders today for its Annual General Meeting to be held on Wednesday 27 May 2020 at 8:00am AEST in Sydney Australia:

• Notice of Annual General Meeting

• Shareholder proxy for shares traded on the ASX (if applicable)

• Shareholder proxy for shares traded on the TSX.V (if applicable)

• Annual Report (to those shareholders who have requested it)

The Notice of Annual General Meeting and the two sample Proxy Forms will be available at http://www.asx.com.au, on the Company's website at www.australgold.com and will be filed on Sedar under the company's profile.

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 in Argentina. Austral's flagship Guanaco/Amancaya project in Chile is a gold and silver producing mine with further exploration upside. Austral also holds the Casposo Mine (San Juan, Argentina), a ~23.62% interest in the Rawhide Mine (Nevada, USA) and an attractive portfolio of exploration projects including the Pingüino project in Santa Cruz, Argentina (100% interest) and the San Guillermo and Reprado projects near Amancaya, Chile (100% interest). 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 is listed on the Australian Securities Exchange (ASX: AGD) and the TSX Venture Exchange (TSXV: AGLD). For more information, please consult Austral's website www.australgold.com.

Neither the 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.

Release approved by the Chief Executive Officer of Austral Gold, Stabro Kasaneva

For additional information please contact:

Jose Bordogna
Chief Financial Officer
Austral Gold Limited
jose.bordogna@australgold.com
+54 (11) 4323 7558

David Hwang
Company Secretary
Austral Gold Limited
info@australgold.com
+61 (2) 9698 5414

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/54992