Au Gold Corp Samples 40 g/t and 22 g/t Gold from the Harvey's Reef Complex Defining Additional High-Priority Drill Targets and Engages Prestige Drilling at the Havelock Gold-Antimony Project

Au Gold Corp. (AUGC) released an exploration update for its Havelock Gold-Antimony Project in Victoria, Australia, highlighting high-grade surface grab samples from the Harvey's Reef Complex. Grab samples returned up to 40.10 g/t gold from Ant Reef and 22.00 g/t gold from historic mining waste piles on the northern reef trend. Historical RC drilling intersected 1.5 m at 9.24 g/t gold on a parallel reef structure, reinforcing the target's potential.

The company has engaged Prestige Drilling Services to conduct diamond drilling along a 700 m portion of the Harvey's Reef Complex, primarily on Crown Land. Assays were processed by On Site Laboratory Services using fire assay (PE01S method) with ISO 9001 and NATA quality systems. Technical information was supervised by Qualified Person William Wengzynowski, P.Eng. CEO Marc Blythe emphasized the high-grade nature of the surface samples and the company's readiness to advance the target with its first modern drill testing.

AU Gold Corp. (AUGC) has engaged a drilling contractor, marking a standard operational milestone in its exploration timeline. This move follows the identification of multiple high-priority targets in September and the closing of a $3.5 million financing in October. The company is now shifting its exploration program from target generation to execution, deploying capital as planned in alignment with prior management guidance and its stated work plan.

Recent grab samples returned 40.10 g/t and 22.00 g/t, providing encouraging surface indicators that validate the geological model and support the drilling commitment. However, these grab samples do not define subsurface continuity, thickness, or economic potential, as they are not drill intercepts. The engagement of a drilling service provider does not introduce unexpected catalysts, alter the risk profile, or provide resource definition. The market has already priced in the exploration upside through recent price appreciation and the oversubscribed financing.

Au Gold Corp. (AUGC) is a junior exploration company focused on the Havelock Gold-Antimony Project in Victoria, Australia, and the Ponderosa Gold-Silver Project in British Columbia, Canada.

The Havelock property covers 11,663 hectares and hosts the 9 km Shaw-McFarlane Trend (SMT), an epizonal gold-antimony system with historical hard-rock production of approximately 17,097 ounces at an average grade of 28.7 g/t gold. Historical workings reached depths of 152–274 meters, leaving significant depth potential untapped. Modern exploration has not been conducted on the SMT until now. The company is reconstructing historical mine records, conducting surface sampling, and preparing for diamond drilling to test down-plunge continuations and parallel reef structures.

Ponderosa is in the pre-discovery stage, with low-sulphidation epithermal gold-silver targets and initial prospecting samples returning up to 46.9 g/t gold.