Au Gold Corp Identifies High-Grade Gold Targets at its Havelock Project, Victoria, Australia

• Date: 8 April 2026 – Exploration update announcing “Harvey’s Reef,” a newly identified high‑grade drill target on the Havelock Gold‑Antimony Project in Victoria, Australia.
• Historic workings (1906) produced ~16 oz/ton Au; recent reverse‑circulation (RC) hole returned 9.24 g/t Au over 1.5 m at 34.5 m depth.
• Quartz‑stibnite sample from the 2025 technical report showed 12.2 g/t Au and 1,800 ppm Sb.
• The target lies ~1.3 km NW of the historic McFarlane Shaft on the Shaw‑McFarlane Trend (SMT) and is accessible via two‑wheel‑drive roads.
• Company plans to add Harvey’s Reef to its 2026 drill‑testing list, pending consent from Parks Victoria and traditional owners (Dja Dja Wurrung).

• Expectation vs. reality: The Havelock acquisition was announced in January 2026 with the intent to test “high‑quality” targets later in 2026. Identifying a specific off‑trend target with historic >9 g/t Au results is an incremental step, not a surprise breakthrough.
• Market reaction: Share price has risen from $0.14 (mid‑Jan) to $0.22 (early Apr), reflecting the cumulative effect of acquisition, financing and early exploration updates. The new target adds modest upside but does not materially alter valuation assumptions.
• Risk considerations: Drilling is still contingent on regulatory consents; no drilling results have been released yet. The grade is based on a single RC hole and historic surface sampling – high uncertainty until diamond drilling confirms continuity.

Conclusion: The news is positive but routine relative to prior expectations; it does not constitute a material catalyst that would dramatically shift the stock’s risk‑adjusted outlook.

Au Gold Corp. is a Canadian junior focused on gold‑antimony epizonal systems in Victoria’s historic goldfields. Its flagship Havelock Gold‑Antimony Project (11,663 ha) hosts legacy underground workings with historic grades of 1–10 oz/ton Au and documented antimony mineralization. The project is fully owned via Havelock Gold Pty Ltd., sits on well‑served infrastructure, and offers shallow epizonal targets that have not been modernly drilled.