Announcement • Jul 17
Au Gold Corp Provides Update on Surface Sampling and Drill Targeting At Havelock Gold-Antimony Project Au Gold Corp. provided an update on exploration activities at its Havelock Gold-Antimony project in Victoria, Australia. Drill targeting is now underway including discussions with drill contractors. 144 focused rock samples collected at a range of targets driven by follow up from recent orientation sampling, historical soil geochemistry and reconstruction of historical workings. Reconstruction of historical workings on the Shaw-McFarlane Trend (SMT) is complete and providing key information for drill targeting. Approx. 1,000 soil samples are being collected and expected to be completed mid-July. During June 2026, Company personnel carried out an intensive 3-week sampling program focusing primarily on targets identified from the recent orientation sampling campaign in conjunction with newly identified areas of historical soil and/or rock geochemical responses from both the Havelock southern and northern claim blocks (SMT southern extension and Sydenham) described in NR May 21, 2026. The orientation sampling carried out in March 2026 provided key insights into the different styles of gold mineralization at Havelock, allowing the team to efficiently review and rank multiple targets optimizing discovery potential. Numerous targets sampled in June comprised in-situ vein exposures across measured widths and locally derived float samples proximal to hardrock sources. Assay results from this sampling are anticipated in August 2026. Aside from potential anomalies generated by the current soil sampling program, AUGC does not envisage significant additional surface rock sampling at Havelock. The two recent surface sampling campaigns are considered sufficient for the first phase diamond drill targeting peripheral to the main SMT reef line. The approximately 1,000 soil samples are being collected in strategic parts of the property supplementing broadly spaced historical gold-in-soil anomalies generated by prior operators. The reconstructive work carried out by Clive Willman and Associates along the SMT is now complete. This work has provided a stunning level of detail allowing AUGC to strategically design focused diamond drilling beneath the historical workings with a high degree of confidence given the absence of surficial clues. Drill targeting is also being designed for parallel and oblique structures west of the SMT reef line including Harvey’s Reef, Lund’s Reef and Ant Reef (NR08-2026). AUGC anticipates the identification of additional drill targets once the rock sample results from the most recent program are received and interpreted. Although the Company has largely completed its review of historical data, some review work continues, specifically the northern tenement block where a number of anomalous gold samples were collected from rocks by a prior operator. As previously announced (21st May, 2026), these anomalous samples comprise two trends, Sydenham Central and Sydenham East. Prospecting at Sydenham East has downgraded the prospect and no further work is planned. The Sydenham Central target is still being evaluated. AUGC will shortly complete its phase 2 work program at Havelock, comprising the collection of approximately 1,000 soil samples in strategic parts of the property and a further 144 rock samples. Follow up may be required for anomalous results received. The focus has now shifted to diamond drill target selection and ranking. Discussions with private landowners are continuing and the Company has made several presentations to the local community. The company has also commenced discussions with diamond drilling contractors. AUGC’s planned diamond drill program, which is expected to commence in the Third Quarter 2026 will constitute the first modern drilling program on the SMT. Technical information in this press release was prepared under the supervision of Mr. William Wengzynowski, P.Eng., a Qualified Person as defined by NI 43-101. Mr. Wengzynowski is AUGC’s Exploration Manager. Announcement • Jul 07
Au Gold Corp., Annual General Meeting, Sep 02, 2026 Au Gold Corp., Annual General Meeting, Sep 02, 2026. New Risk • Apr 23
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 72% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Shareholders have been substantially diluted in the past year (72% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$12.8m market cap, or US$9.35m). 
