Business Summary

Ausgold Limited is an Australia-based gold exploration and development company. The Company holds a suite of projects located in some of Australia’s mineral provinces. The Company’s primary focus is the 100%-owned Katanning Gold Project (KGP), which covers approximately 4,000 square kilometers (km2) of the underexplored Katanning greenstone belt in south-western Western Australia. The KGP represents an approximately 17 kilometers (km) mineralized trend with significant potential across three key zones, which include the various resource deposits and prospects. The Doolgunna Station Project is located 150 km north-east of Meekatharra in Western Australia’s Bryah Basin. It holds a 100% interest in the Cracow Project covering approximately 202 km2 in the Cracow region, 375 km north-west of Brisbane, Queensland. The Yamarna Project is located approximately 125 km north-east of Laverton in central Western Australia on Exploration Licenses E38/2129 and ELA 38/3311.