Au Gold Corp Files NI 43-101 Technical Report in Connection with Acquisition of Havelock Gold-Antimony Project in the Heart of the Victorian Gold Fields, Australia

(TheNewswire)

Vancouver, British Columbia– February 25, 2026 - TheNewswire – Au Gold Corp (TSXV:AUGC) (“AUGC” or the “Company”) is pleased to announce that it has filed on SEDAR+ a National Instrument43-101 Technical Report in connection with its acquisition of a 100%interest in the 11,663 hectare Havelock Gold-Antimony Project (the“Project”), located in the heart of the Victorian gold fields inAustralia, half-way between Bendigo and Ballarat.  On January 15,2026 the Company announced that it had entered into an agreement (the“Agreement”) with Leviathan Gold Australia (“LGA”), a whollyowned subsidiary of Leviathan Metals Corp (TSX.V: LVX) to acquire (the“Acquisition”) the Project.  The Company has received conditionalapproval from the TSX Venture Exchange for the Acquisition and isexpecting to close the transaction on or around March 4, 2026. Please refer to the Company’s January 15, 2026 press release forfurther details about the Agreement and the Project.

During the preparation of the NI 43-101 TechnicalReport, the Qualified Person visited the project and collected sevenselect rock samples from various sites along the northern half of theShaw-McFarlane Trend (SMT) and west of the trend in areas withhistoric workings.  Gold assays from these samples returned valuesranging from below detection to 12.2 g/t gold.  One sample of milkywhite quartz float with disseminated stibnite and phyllically alteredsediment selvages, returned 12.20 g/t gold and 0.18% antimony.  Thesample location is roughly 1,300 m northwest of the McFarlane Shaftwhere gold-antimony was documented historically.  The Company viewsthis as positive and is planning follow up exploration work to becarried out once the acquisition is closed.

AUGC is pleased to announce that, subject to regulatoryapproval, it has retained the services of David Jan Consulting(“Consultant”) to provide investor relations services at an hourlyrate on a month-to-month basis. The Company anticipate monthlyinvoicing will be less than $3,000 and the agreement was datedFebruary 24, 2026.  The Consultant is at arm’s length to theCompany, has no relationship with the Company except under thiscontract, and no current interest in the Company.  The consultantwill be eligible for stock options when these are granted by AUGC andthese will vest in accordance with TSX Venture Exchangepolicies.

David Jan, CPA, CA, has over 30 years of progressivelysenior financial management experience with numerous natural resourcepublic companies. For the past 18 years, he has been either anin-house or external investor relations professional helping publicmining companies, including Western Coal, Nevsun Resources, EntréeResources, Ridgeline Minerals, Element 29 Resources, and Vior Inc.,tell their investment story.

In addition, the Company announces that it has entered into anagreement with Northern Venture Group Inc. (“Northern Venture”) to providecertain investor relations services to the Company including marketresearch and digital marketing.  The agreement, which is dated 27January, 2026 is subject to the approval of the TSX Venture Exchange. The term of the agreement is 6 months expiring on July 31, 2026, andthe Company will pay Northern Venture a monthly fee of $2,000 permonth. Northern Venture is based in Prince George, and its principalis Richard Mills.  Northern Venture and its principal are arms lengthto the Company and own less than 2% of the issued share capital of theCompany.

Technical information in this press release wasprepared under the supervision of Mr. William Wengzynowski, P.Eng., aQualified Person as defined by NI 43-101.  Mr. Wengzynowski isAUGC’s Exploration Manager.

For further information, please contact:

Au Gold Corp

Marc G. Blythe, MBA, P.Eng., President & Chief Executive Officer

Sandrine Lam, Investor Relations Phone: 1-604-687-3520 Ext. 250

info@augoldcorp.com

augoldcorp.com

About Au Gold

Au Gold Corp (TSX-V: AUGC) is a gold explorationcompany focused on advancing its flagship Havelock gold-antimonyproject in the Victorian Gold Fields in Australia and the Ponderosagold project in the Spences Bridge Gold Belt in British Columbia,Canada.

Cautionary Note

This release includes certainstatements and information that may constitute forward-lookinginformation within the meaning of applicable Canadian securities laws.Forward-looking statements relate to future events or futureperformance and reflect the expectations or beliefs of management ofthe Company regarding future events. Generally, forward-lookingstatements and information can be identified by the use offorward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrasesor statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as"forward-looking statements", are not historical facts, aremade as of the date of this news release and include withoutlimitation, statements regarding discussions of future plans,estimates and forecasts and statements as to management'sexpectations and intentions with respect to, among other things, thecompletion of the Acquisition.

These forward-looking statementsinvolve numerous risks and uncertainties and actual results mightdiffer materially from results suggested in any forward-lookingstatements. Such risks and uncertainties include, among other things,the ability of the Company to obtain sufficient financing to fund itsbusiness activities and plans, delays in obtaining governmental andregulatory approvals (including of the TSX Venture Exchange), changesin laws, regulations and policies affecting mining operations,currency fluctuations, market uncertainty, as well as those factorsdiscussed in the Company's most recently filed management'sdiscussion and analysis and other filings of the Company with Canadiansecurities authorities, copies of which can be found under theCompany's profile on the SEDAR+ website atwww.sedarplus.ca.

In making the forward lookingstatements in this news release, the Company has applied severalmaterial assumptions, including without limitation, that the Companywill be able to complete the Acquisition as anticipated.

Although management of the Companyhas attempted to identify important factors that could cause actualresults to differ materially from those contained in forward-lookingstatements or forward-lookinginformation, there may be other factors that cause results not to beas anticipated, estimated or intended. There can be no assurance thatsuch statements will prove to be accurate, as actual results andfuture events could differ materially from those anticipated in suchstatements. Accordingly, readers should not place undue reliance onforward-looking statements and forward-looking information. Readersare cautioned that reliance on such information may not be appropriatefor other purposes. The Company does not undertake to update anyforward-looking statement, forward-looking information or financialout-look that are incorporated by reference herein, except inaccordance with applicable securities laws. We seek safeharbour.

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Figure 1 Havelock Project Detail Map

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