Exploration Activities At The Stockade Mountain Project

VANCOUVER – Austin Gold Corp. reported its exploration activities at its Stockade Mountain Project in Oregon, and Lone Mountain project in Nevada. At the Stockade Mountain Project, an in-depth review and modeling of a historical gradient-array IP-resistivity survey suggests that it was not suitable for imaging potential vein-hosting structures at the depths of 200-300 metres, which are the target depths for this project. Accordingly, the Company has designed a detailed geophysical CSAMT survey to acquire better imaging of target structures. The Company is in the queue with a contractor for this survey and expects it will be completed this year, subject to weather and ground conditions. The reverse circulation (“RC”) drilling program anticipated for 2025 is being deferred until 2026 to allow incorporation of the CSAMT results into drill targeting.

The Company has received permission from the Oregon Water Resources Department to drill a water well to produce water for exploration drilling and is planning to drill the well in the fourth quarter of 2025 to ensure water is available for future drilling campaigns.