Austral Gold Limited Announces Results of Annual General Meeting

Vancouver, British Columbia--(Newsfile Corp. - November 30, 2016) - Austral Gold Limited (ASX: AGD) is pleased to announce the results of the Company's Annual General Meeting held on 30 November 2016 in accordance with ASX Listing Rule 3.13.2 and Section 251AA(2) of the Corporations Act.

We advise that:

1. A summary of valid and eligible proxies received for the above meeting was as follows:

Res No.	Resolution	For	Open	Against	Abstain
2.	Adoption of the Remuneration Report	446,943	140	12,593	20,000
3.	Re-Election of Director - Mr Pablo Vergara Del Carril	456,719,416	140	1,300	11,593
4.	Re-Election of Director - Mr Robert Trzebski	456,719,416	140	1,300	11,593
5.	Ratification of Prior Issue of Shares to Argentex Shareholders under ASX Listing Rule 7.1	456,715,709	140	16,300	300
6.	Approval of Amendment of the Company's Constitution	456,716,009	140	16,300	0
7.	Approval of 10% Capacity to Issue Equity Securities	456,702,666	140	27,593	2,050

 

2. The following ordinary resolutions were passed on a show of hands:

   Resolution 2 - Adoption of the Remuneration Report

   For the record, the show of hands and proxy position were in excess of 75% in favour of Resolution 2.

   Resolution 3 - Re-Election of Director - Mr Pablo Vergara Del Carril

   Resolution 4 - Re-Election of Director - Mr Robert Trzebski

   Resolution 5 - Ratification of Prior Issue of Shares to Argentex shareholders under ASX Listing Rule 7.1

3. The following special resolutions were passed on a show of hands:

   Resolution 6 - Approval of amendment of the Company's Constitution

   For the record, the show of hands and proxy position were in excess of 75% in favour of Resolution 6.

   Resolution 7 - Approval of 10% Capacity to Issue Equity Securities

   For the record, the show of hands and proxy position were in excess of 75% in favour of Resolution 7.

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. The Company is also 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.

On behalf of Austral Gold Limited:

"Stabro Kasaneva"

President and CEO

Further information please contact:

Alison Crealy
info@australgold.com.au
+61 (2) 9380 7233

Mike Brown
Mike.brown@australgold.com
+1 604 568 2496 ext. 21