Established gold producer Austral Gold Limited (Austral or the Company) (ASX: AGD; TSX-V: AGLD; OTCQB: AGLDF) announces the expiry of the option agreement entered into with Pampa Metals announced on 28 July 2021, whereby it could acquire up to an 80% interest in the Cerro Blanco and Morros Blancos projects located in Chile. Since the start of the agreement, Austral conducted exploration activities that cost approximately US$1.6 million of on the projects.

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