Au Gold begins exploration at Havelock

Executive Summary

• Au Gold Corp. has commenced exploration activities at its Havelock gold-antimony project in central Victoria, Australia, focusing on the Shaw-McFarlane and newly identified Oxonian trends.
• Historical sampling along the Oxonian trend returned gold grades up to 26.3 g/t Au, with the company targeting diamond drilling in the second half of 2026.
• The company simultaneously granted 4,275,000 incentive stock options to directors, officers, advisers, and consultants at an exercise price of $0.20 per option.

Key Details

• Commenced field exploration at the Havelock gold-antimony project in central Victoria, Australia.
• Field activities include inspections of historical workings, geological mapping, rock chip sampling, and follow-up on recent and historical anomalies.
• Exploration focus is concentrated along the Shaw-McFarlane trend and a newly identified eastern trend named the Oxonian trend.
• Historical sampling along the Oxonian trend (spanning three kilometres) returned gold grades ranging from below detection limit to 26.3 g/t Au.
• Company plans to conduct diamond drilling on Havelock targets in the second half of 2026.
• Granted 4,275,000 incentive stock options to directors, officers, advisers, and consultants.
• Option exercise price: $0.20 per option.
• Option term: 5 years from the grant date (March 20, 2026).
• Vesting schedule: Investor relations personnel options vest in four equal tranches over 12 months; all other grantees' options vest immediately.
• Company is actively engaging with the local community and private landowners to establish working relationships ahead of field operations.

Notable Quotes

• Marc Blythe, Founder and CEO: "Au Gold plans to be diamond drilling targets on Havelock in the second half of 2026. With historical production and no modern exploration drilling on key structures at Havelock, it presents exceptional opportunity for new discoveries."
• Marc Blythe, Founder and CEO: "Despite over a century of mining in one of the most productive gold fields in the world, the region is seeing renewed exploration activity and success exploring high-grade gold systems, some of which are associated with critical minerals such as antimony. We hope to follow in the footsteps of highly successful Southern Cross Gold, building a bright future for Victorian gold mining."