AUSGOLD LIMITED — Capital/Financing Update 2021

May 4, 2021

ASX Release

4 May 2021

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Notice under Section 708A of The Corporations Act 2001 (Cth) (Act)

Further to the announcement on 26 April 2021, Ausgold Limited (“Ausgold”) gives notice of the following under section 708A (5)(e) of the Act:

1. Ausgold issued 250,000,000 fully paid ordinary shares ( Shares ) at an issue price of $0.045 per share to sophisticated investors on 4 May 2021;

2. Ausgold issued the Shares without disclosure to investors under Part 6D.2 of the Act;

3. As at the date of this notice, Ausgold has complied with:

   • a. The provisions of Chapter 2M of the Act as they apply to Ausgold; and

   • b. Section 674 of the Act;

4. As at the date of this notice, there is no information to be disclosed that is ‘excluded information’ within the meaning of sections 708A(7) and 708A(8) of the Act which is required to be disclosed under section 708A(6)(e) of the Act.

By authority of the board of directors.

On behalf of the Board,

Denis Rakich Executive Director

Ausgold Limited

For further information please visit Ausgold’s website or contact:

Denis Rakich Executive Director, Ausgold Limited T: +61 (08) 9220 9890 E: info@ausgoldlimited.com

ABN 67 140 164 496 Level 16, AMP Building, 140 St Georges Terrace, Perth WA 6000 T: 08 9220 9890 F: 08 9220 9820 E: info@ausgoldlimited.com W: www.ausgoldlimited.com

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