Acquisition Agreement Of Augusta Gold

LONDON – AngloGold Ashanti plc and certain of its affiliates have entered into a definitive agreement with Augusta Gold Corp. to acquire all issued and outstanding shares of common stock of Augusta Gold.

The Transaction allows AngloGold Ashanti to further consolidate its footprint in the Beatty District by acquiring Reward, a permitted, feasibility stage project, the Bullfrog deposit, and all tenements surrounding each of these properties. The acquired properties are adjacent to AngloGold Ashanti’s claims in the Beatty District and will provide additional Mineral Resources to AngloGold Ashanti’s inventory.

“This acquisition reinforces the value we see in one of North America’s most prolific gold districts,” said AngloGold Ashanti CEO Alberto Calderon. “We believe that securing these properties will not only solidify our leading position in the most important new gold district in the U.S., but will also improve our ability to develop the region under an integrated plan – with more flexibility, greater access, better infrastructure sharing, and cohesive engagement with all stakeholders”.