Austral Gold Files Q2 2026 Quarterly Activities Report

Established gold producer Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (OTCQB: AGLDF) (Austral or the Company) is pleased to announce that it has filed its Q2 2026 Quarterly Activities Report. The complete Report is available under the Company's profile at www.asx.com.au , www.sedarplus.ca and on the Company's website at australgold.com . Chief Executive Officer of Austral Gold, Stabro Kasaneva, commented, " Q2 2026 was an important operational milestone for Austral Gold. Guanaco continued to improve, with production up 17% and lower unit costs following the commissioning of additional crushing capacity, while Casposo demonstrated the flexibility of our operating model, generating a new revenue stream through toll processing while continuing to mine and process its own material. With exploration advancing across both Chile and Argentina, further debt reduction and a stronger balance sheet, and an updated Guanaco Technical Report extending mine life to approximately 14 years, we are well positioned to keep delivering on our growth strategy." Q2 2026 Highlights Guanaco (Chile): production up 17% quarter-on-quarter to 3,381 GEO (Q1 2026: 2,879 GEO), with C1 and AISC lower at US$2,542/oz and US$2,954/oz respectively. Casposo (Argentina): completed a two-month Hualilan toll-processing campaign, processing 39,342 tonnes at GEO recovery above 85% and generating US$5.9 million in fee revenue; owned-material production (932 GEO in April) resumed in July. Combined revenue: US$31.8 million (Q1 2026: US$34.1 million), comprising US$25.9 million from gold and silver sales and US$5.9 million from toll processing. Balance sheet: net financial debt reduced to US$1.7 million with cash of US$20.3 million (31 December 2025: US$16.1 million net debt and US$10.5 million cash); US$2.5 million of related party debt repaid in July 2026. Updated Guanaco Technical Report: filed subsequent to quarter-end under NI 43-101, extending life of mine to 14 years (Jan 2026 - Feb 2040) with an after-tax NPV of US$192.1 million (10% discount rate; LOM gold price US$3,135/oz). Austral Gold Limited is not aware of any new information or data that materially affects the original market announcement. Competent Person's Statement For the purposes of Listing Rule 5.22, the Company confirms that the updated Mineral Reserve and Mineral Resource estimates were based on work reviewed or compiled by the Marcos Valencia, Guillermo Valdés and Francisco Pavez, each a non-independent "Qualified Person" as defined by NI 43-101 and a "Competent Person" as defined in the JORC (2012) Code, either as a Member of the Australian Institute of Geoscientists, or members in good standing of Recognised Professional Organisations in Canada and the United States. Each Competent Person is an employee of the Company. Each Competent Person consents to the inclusion in this announcement of the matters based on his information in the form and context in which it appears. Each Competent Person has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activities undertaken to qualify as a Competent Person as defined in the JORC (2012) Code. About Austral Gold Austral Gold is a growing gold and silver mining producer building a portfolio of quality assets in the Americas based on three strategic pillars: production, exploration and equity investments. Austral continues to lay the foundation for its growth strategy by advancing its attractive portfolio of producing and exploration assets. Under its equity investments pillar, Austral holds shares in ASX-listed Unico Silver.