Austral Gold revises production guidance for Guanaco

Mr. Stabro Kasaneva reports AUSTRAL GOLD PROVIDES UPDATE ON GUANACO OPERATIONS Austral Gold Ltd.'s production guidance for the Guanaco mine in Chile has been revised to 11,000 to 12,000 gold equivalent ounces (GEOs), compared with the 14,000 to 16,000 GEOs previously disclosed in the June, 2025, quarterly report. Guanaco mine, Chile The revised production guidance reflects no production from the agitation leaching circuit following the workplace fatality reported on Aug. 26, 2025. The tailings filter section of the processing facility has been suspended. However, Chilean authorities have now granted access to implement improvements requested during their inspection of the plant. Despite this progress, the agitation leaching circuit remains temporarily offline. Guanaco continues to operate the heap leaching circuit and is actively reprocessing historical heaps. Production is expected to stabilize by November, 2025, with monthly output expected to exceed 1,200 GEOs. Equity investments proceeds To help offset the cash shortfall resulting from reduced production at Guanaco, a portion of Austral's equity portfolio in publicly listed companies was sold. These transactions generated approximately $1.3-million (U.S.) in proceeds during September, 2025. Additionally, the company received the final instalment of $1-million (U.S.) from Unico Silver, relating to the 2023 sale of SCRN Properties Ltd., owner of the Pinguino property. About Austral Gold Ltd. Austral Gold is a 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. We seek Safe Harbor.