Austral Gold Announces 2025 Annual General Meeting Results

Rhea-AI Summary

Austral Gold Limited (OTCQB: AGLDF), a well-established gold producer, held its Annual General Meeting on May 29, 2025, at 9:00am (AEST). During the meeting, shareholders successfully passed all resolutions outlined in the Notice of Meeting dated April 28, 2025. A key highlight was the shareholders' approval of BDO Audit Pty Ltd as the Company's new auditor, following the Board's previous announcement on April 14, 2025. The appointment of BDO Audit was made in accordance with the Corporations Act 2001(Cth).

Sydney, Australia--(Newsfile Corp. - May 29, 2025) - Established gold producer Austral Gold Limited (ASX: AGD) (TSXV: AGLD) (OTCQB: AGLDF) ("Austral" or the "Company") advises that shareholders of the Company passed all resolutions in the Notice of Meeting dated 28 April 2025 at the General Meeting held today at 9:00am (AEST) by way of poll.

As previously announced to the market on 14 April 2025, the Board resolved to appoint BDO Audit Pty Ltd as the Company's auditor, subject to shareholder approval at the Annual General Meeting. In accordance with the Corporations Act 2001(Cth), shareholders approved the appointment of BDO Audit Pty Ltd at today's Annual General Meeting.

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.

For more information, please visit 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.

Release approved by the Joint Company Secretary, David Hwang.

For additional information please contact:

David Hwang Joint Company Secretary Austral Gold Limited david@confidantpartners.com +61 433 292 290

Jose Bordogna Chief Financial Officer and Joint Company Secretary Austral Gold Limited jose.bordogna@australgold.com +61 466 892 307

Forward-Looking Statements

Statements in this news release that are not historical facts are forward-looking statements. Forward-looking statements are statements that are not historical and consist primarily of projections - statements regarding future plans, expectations and developments. Words such as "expects", "intends", "plans", "may", "could", "potential", "should", "anticipates", "likely", "believes" and words of similar import tend to identify forward-looking statements. Forward-looking statements in this news release include Austral continues to lay the foundation for its growth strategy by advancing its attractive portfolio of producing and exploration assets.

All of these forward-looking statements are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those expressed or implied, including, without limitation, uncertainty of exploration programs, development plans and cost estimates, commodity price fluctuations; political or economic instability and regulatory changes; currency fluctuations, the state of the capital markets especially in light of the effects of the novel coronavirus, uncertainty in the measurement of mineral resources and reserves and other risks and hazards related to the exploration of a mineral property, and the availability of capital. You are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. Austral cannot assure you that actual events, performance or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. Austral's forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof and Austral does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, you should not place undue reliance on forward-looking statements.

Austral Gold Limited
Annual General Meeting
Thursday, 29 May 2025
Results of Meeting

The following information is provided in accordance with section 251AA(2) of the Corporations Act 2001 (Cth) and ASX Listing Rule 3.13.2.

Resolution details		Instructions given to validly appointed proxies (as at proxy close)				Number of votes cast on the poll (where applicable)			Resolution Result
Resolution	Resolution Type	For	Against	Proxy's Discretion	Abstain	For	Against	Abstain*	Carried / Not Carried
1 Adoption of the Remuneration Report	Ordinary	18,392,510 86.56%	2,757,919 12.98%	97,874 0.46%	281,370,183	18,490,384 87.02%	2,757,919 12.98%	281,370,183	Carried
2 Re-election of Director - Mr Eduardo Elsztain	Ordinary	301,835,636 99.75%	620,522 0.21%	124,874 0.04%	59,028	302,560,510 99.80%	620,522 0.20%	59,028	Carried
3 Re-election of Director - Mr Saul Zang	Ordinary	301,835,755 99.77%	575,829 0.19%	124,874 0.04%	103,602	302,560,629 99.81%	575,829 0.19%	103,602	Carried
4 Re-election of Director Mr Pablo Vergara Del Carril	Ordinary	301,829,500 99.77%	575,384 0.19%	124,874 0.04%	110,302	302,554,374 99.81%	575,384 0.19%	110,302	Carried
5 Re-election of Director - Mr Robert Trzebski	Ordinary	301,880,055 99.79%	524,829 0.17%	124,874 0.04%	110,302	302,604,929 99.83%	524,829 0.17%	110,302	Carried
6 Re-election of Director - Mr Ben Jarvis	Ordinary	301,920,526 99.80%	491,058 0.16%	124,874 0.04%	103,602	302,645,400 99.84%	491,058 0.16%	103,602	Carried
7 Appointment of BDO Audit Pty Ltd	Ordinary	306,271,065 99.80%	471,020 0.15%	149,638 0.05%	159,532	307,020,703 99.85%	471,020 0.15%	159,532	Carried
8 Grant of Security Interest (As part of a Loan Agreement) to a Substantial Holder and Related Party	Ordinary	18,192,512 84.40%	3,213,690 14.91%	149,638 0.69%	281,084,220	18,942,150 85.50%	3,213,690 14.50%	281,084,220	Carried
9 Approval of 10% Capacity to Issue Equity Securities	Special	297,945,155 99.57%	1,135,527 0.38%	149,638 0.05%	3,409,740	298,694,793 99.62%	1,135,527 0.38%	3,409,740	Carried

* Votes cast by a person who abstains on an item are not counted in calculating the required majority on a poll.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/253816

FAQ

What resolutions were passed at Austral Gold's (AGLDF) 2025 Annual General Meeting?

All resolutions outlined in the Notice of Meeting dated April 28, 2025, were passed by shareholders, including the appointment of BDO Audit Pty Ltd as the company's new auditor.

Who is the new auditor for Austral Gold (AGLDF) in 2025?

BDO Audit Pty Ltd was approved by shareholders as Austral Gold's new auditor at the May 29, 2025 Annual General Meeting.

When was Austral Gold's (AGLDF) 2025 Annual General Meeting held?

Austral Gold's Annual General Meeting was held on May 29, 2025, at 9:00am (AEST).

When did Austral Gold (AGLDF) announce the appointment of its new auditor?

Austral Gold initially announced the Board's resolution to appoint BDO Audit Pty Ltd on April 14, 2025, subject to shareholder approval.