Austral Gold Limited Annual General Meeting

Sydney, Australia--(Newsfile Corp. - April 26, 2018) - Austral Gold Limited (ASX: AGD) (TSXV: AGLD) ('the Company" or "Austral") is pleased to advise that the following documents will be dispatched to shareholders on 27 April 2018:

• 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 Argentina. The Company's flagship Guanaco project in Chile is a 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.

For additional information please contact:

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

Andrew Bursill
Company Secretary
Austral Gold Limited
info@australgold.com.au
+61 (2) 9299 9690