Austral Gold Announces Notice of Annual General Meeting

Vancouver, British Columbia--(Newsfile Corp. - October 27, 2017) - Austral Gold Limited (TSXV: AGLD) (ASX: AGD) ('the Company" or "Austral") is pleased to advise that the following documents will be dispatched to shareholders today:

• 2017 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 sample Proxy Forms will be filed on Sedar under the company's profile and will be available on the Company's website at 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"
CEO

For more information please contact:

Alison Crealy
Austral Gold Limited, Australia
info@australgold.com.au
61 (2) 9380 7233

Jose Bordogna
Austral Gold Argentina SA, South America
jbordogna@australgold.com.au
54 (11) 4323-7558

Austral Gold Limited ABN 30 075 860 472 (ASX: AGD) (TSXV: AGLD)

Suite 203, 80 William St, Sydney NSW 2011 | T +61 2 9380 7233 | F +61 2 8354 0992 | info@australgold.com.au | www.australgold.com.au