Au Gold Corp Samples 54.20 g/t Gold from the Shaw's Main Mine Dump and Adds Two Additional Drill Targets at Havelock Gold-Antimony Project

Au Gold Corp (AUGC) announced two new high-priority diamond drill targets at its Havelock Gold-Antimony project in Victoria, Australia: Shaw’s Main and Rob Roy. Grab samples from the Shaw’s Main mine waste dump returned high-grade gold intercepts up to 54.20 g/t Au, alongside 25.10 g/t and 16.70 g/t samples. Historical records describe an 80 m section of continuous reef mineralization at the lowest level (152 m), with descriptions of freely showing gold.

The company plans to initiate diamond drilling beneath historical workings at both targets, focusing on untested continuations of high-grade shoots and structural hinges. Rob Roy is described as the down-plunge continuation of ultra high-grade shoots, with historical production of 293 ounces at an average grade of 52 g/t. Samples were analyzed by On Site Laboratory Services using fire assay; QA/QC was handled by the lab, with no additional samples inserted by AUGC. No mineral resources currently exist on the project, and drill sites are planned on Crown Land with preparatory work underway.

AU Gold Corp. (AUGC) released results showing incremental progress in its exploration phase at Havelock. The company’s grab sample results, while encouraging, were taken from surface waste dump material and do not constitute modern drill intercepts or resource definitions. This announcement aligns with the company's stated roadmap of identifying targets following the completion of historical reconstruction and surface sampling earlier in 2026.

The company remains in the pre-drilling exploration stage with zero revenue, meaning there is no immediate financial or valuation impact from the news. The announcement is consistent with prior management commentary and does not alter the near-term risk profile or capital requirements.

Au Gold Corp (TSXV: AUGC) is an exploration-stage company focused on the Havelock Gold-Antimony Project in Victoria, Australia. The project covers 11,663 hectares and features an epizonal gold-antimony quartz reef system along the ~9 km Shaw-McFarlane Trend. Historical production between 1864 and 1891 totaled approximately 17,097 ounces at an average grade of 28.7 g/t gold.

The company completed a historical long-section reconstruction in August 2026, identifying high-grade/thickness targets for modern drilling. Management is led by Founder & CEO Marc Blythe (P.Eng, MBA) and Exploration Manager William Wengzynowski (P.Eng), who serves as the Qualified Person. The project remains in the exploration phase with no modern diamond drilling completed to date.