HIGHLIGHTS

Casposo enhances Austral Gold’s production profile, with two active mines now operating in Argentina and Chile.

Commercial production has resumed at the Casposo Mine following completion of the plant refurbishment.

Q4 2025 Casposo production is forecasted to be approximately 4,000 to 6,000 gold equivalent ounces (GEOs 1 ), including 230 GEOs 1 produced during the commissioning phase.

Sydney, Australia–(Newsfile Corp. – October 13, 2025) – Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (OTCQB: AGLDF) (“Austral” or the “Company”), an established gold producer, is pleased to announce that commercial production has resumed at its 100%-owned Casposo Mine in Argentina.

The refurbishment of the Casposo Plant has been successfully completed, including the commissioning phase,

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