Austral Gold Limited — Proxy Solicitation & Information Statement 2026

Apr 24, 2026

Notice of Annual General Meeting

Explanatory Statement | Proxy Form

Austrial Gold Limited
ACN 075 860 472

Notice is given that the Annual General Meeting (AGM or the Meeting) of Shareholders of Austral Gold Limited (ASX: AGD)(Austral Gold or the Company) will be held as follows:

Date	Thursday, 28 May 2026
Time	9:00am (AEST)
Venue Location	Six Degrees, Sydney Office. Level 7, 60 Pitt Street, Sydney NSW 2000

This Notice of Meeting should be read in its entirety. If Shareholders have doubts as to how they should vote, they should seek advice from their professional advisers prior to voting.

Austral Gold Limited – Notice of Annual General Meeting
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Canadian Shareholder Disclosure

In accordance with Canadian National Instrument 71-102 Continuous Disclosure and Other Exemptions Relating to Foreign Issuers ("NI 71-102"), Austral Gold Limited confirms that it is a Designated Foreign Issuer for the purposes of Canadian securities laws and is subject to the regulatory requirements of the Australian Securities Exchange Limited ("ASX"). As a result, this Notice of Meeting and accompanying materials have been prepared in accordance with Australian law and ASX requirements and pursuant to Section 3.2 of NI 71-102, have been sent to Canadian registered shareholders and Canadian beneficial shareholders, including Non-Objecting Beneficial Owners ("NOBOs") and Objecting Beneficial Owners ("OBOs") in the same manner and at the same time, or as soon as practicable after it was sent to holders of securities of that class in the Company's local jurisdiction, being Australia.

Record Dates and Voting Entitlement

The Directors have determined under Regulation 7.11.37 of the Corporations Regulations 2001 (Cth) that the persons eligible to vote at the Meeting are those who are registered Shareholders of the Company that are quoted on the ASX at 7:00pm (AEST) on Tuesday, 26 May 2026.

In addition, for the purposes of Canadian securities laws, the Company will prepare a list of persons who are registered holders of Shares listed on the TSX Venture Exchange as at the close of business on 1 April 2026 (Toronto time) (the "Record Date"), together with the number of Shares registered in the name of each such holder at that time.

Beneficial Ownership in Canada

In Canada, most shareholders hold their Shares through a broker, bank, trust company, or other intermediary and are therefore considered "beneficial owners." Beneficial owners may be classified as either Non-Objecting Beneficial NOBOs or OBOs under Canadian securities laws.

In accordance with applicable Canadian requirements, the Company or its transfer agent will request a list of NOBOs from the relevant intermediaries and will send meeting materials directly to those holders. Meeting materials for beneficial owners who are OBOs will be provided to the relevant intermediaries, who are responsible for forwarding the materials to those beneficial owners.

Beneficial owners are not registered shareholders and, accordingly, are not entitled to vote directly at the Meeting. Beneficial owners who wish to vote must do so by following the voting instructions provided by their intermediary, including, where permitted, by appointing themselves or another person as proxyholder in accordance with those instructions.

Each Shareholder is entitled to one vote for each Share in that Shareholder's name as it appears on the list.

Should you wish to discuss the matters in this Notice of Meeting, please do not hesitate to contact the Company Secretary, using the contact details on page 20.

Austral Gold Limited – Notice of Annual General Meeting
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