Austral Gold Limited — Director's Dealing 2021

Oct 25, 2021

Appendix 3Y Change of Director’s Interest Notice

Rule 3.19A.2

Appendix 3Y

Change of Director’s Interest Notice

Information or documents not available now must be given to ASX as soon as available. Information and documents given to ASX become ASX’s property and may be made public.

Introduced 30/9/2001.

Name of entity AUSTRAL GOLD LIMITED (AGD) ABN 30 075 860 472

We (the entity) give ASX the following information under listing rule 3.19A.2 and as agent for the director for the purposes of section 205G of the Corporations Act.

Name of Director	EDUARDO SERGIO ELSZTAIN
Date of last notice	10 December 2020

Part 1 - Change of director’s relevant interests in securities

In the case of a trust, this includes interests in the trust made available by the responsible entity of the trust

Note: In the case of a company, interests which come within paragraph (i) of the definition of “notifiable interest of a director” should be disclosed in this part.

Direct or indirect interest	Direct and Indirect Interest
Nature of indirect interest	Entitled to be registered Holder.
(including registered holder)Note: Provide details of the circumstances giving rise to the relevantinterest.	1. HSBC Custody Nominees (Australia) PTY Ltdon behalf of Guanaco Capital Holding Corp, ESE
	and IFISA.
	2. Citicorp Nominees Pty Limited on behalf of
	Inversiones Financieras del Sur S.A. (‘Citicorp:
	IFISA’).
Date of change	19 October 2021

• See chapter 19 for defined terms.

Appendix 3Y Page 1

Appendix 3Y Change of Director’s Interest Notice

No. of securities held prior to change	1. 35,573,716 Ordinary Shares and 6,626,274warrants Through HSBC ESE2. 47,658,462 Ordinary Shares Through CiticorpIFISA3. 332,576,152 Ordinary Shares Through HSBCIFISA and4. 35,870,730 Ordinary Shares and 2,989,226warrants Through HSBC: GCH
Class	Option shares (AGD)Ordinary Fully Paid Shares (AGD)
Number acquired	9,615,500 (Ordinary shares) through the exercise of9,615,500 options
Number disposed	NIL
Value/ConsiderationNote: If consideration is non-cash, provide details and estimated valuation	A$ 884,626 (which is equivalent to US$655,508)
No. of securities held after change	1. 42,199,990 Ordinary Shares Through HSBCESE2. 47,658,462 Ordinary Shares Through CiticorpIFISA3. 332,576,152 Ordinary Shares Through HSBCIFISA and4. 38,859,956 Ordinary Shares Through HSBC:GCH
Nature of changeExample: on-market trade, off-market trade, exercise of options, issue ofsecurities under dividend reinvestment plan, participation in buy-back	Exercise of Options

• See chapter 19 for defined terms.

Appendix 3Y Page 2

Appendix 3Y Change of Director’s Interest Notice

Part 2 – Change of director’s interests in contracts

Note: In the case of a company, interests which come within paragraph (ii) of the definition of “notifiable interest of a director” should be disclosed in this part.

Detail of contract	N/A
Nature of interest	N/A
Name of registered holder	N/A
(if issued securities)
Date of change	N/A
No. and class of securities to which	N/A
interest related prior to change
Note: Details are only required for a contract in relation
to which the interest has changed
Interest acquired	N/A
Interest disposed	N/A
Value/Consideration	N/A
Note: If consideration is non-cash, provide details and an
estimated valuation
Interest after change	N/A

Part 3 – Closed Period

Part 3 – Closed Period
Were the interests in the securities or contracts detailed above trade	No
during a closed period where prior written clearance was required?
If so, was prior written clearance provided to allow the trade to proceed	N/A
during this period?
If prior written clearance was provided, on what day was this provided?	N/A

• See chapter 19 for defined terms.

Appendix 3Y Page 3