12 December 2017

ASX Market Announcements Level 6, Exchange Centre 20 Bridge Street

Sydney NSW 2000 ASX: ZML

Dear Sir/Madam

SHARE ISSUE: SECTION 708A CLEANSING NOTICE

For the purposes of section 708A(5)(e) of the Corporations Act 2001 (Cth) (the "Corporations Act"), Austral Gold Limited (the "Company") hereby provides notice that today the Company has issued 5,189,832 fully paid ordinary shares to Stabro Kasaneva at Nil consideration as a performance bonus approved by shareholders at the Annual General Meeting held on 29 November 2017.

Please refer to the Appendix 3B for further details on this share issue.

Pursuant to the provisions of section 708A(5)(e) of the Corporations Act 200, the Company states that:

  • (a) The securities were issued without disclosure under Part 6D.2 of the Corporations Act;

  • (b) This notice is being given under section 708A(5)(e) of the Corporations Act;

  • (c) As at the date of this notice, the Company has complied with:

    • (i) The provisions of Chapter 2M of the Corporations Act as they apply to the Company; and

    • (ii) Section 674 of the Corporations Act; and

(d)As at the date of this notice, there is no excluded information as defined in Sections 708A(6)(e), 708A(7) and 708A(8) of the Corporations Act.

For and on behalf of the Board,

Andrew Bursill

Company Secretary

Austral Gold Limited ABN 30 075 860 472 ASX:AGD

Suite 203, 80 William St, Sydney NSW 2011 | T +61 2 9380 7233 | F +61 2 8354 0992 |info@australgold.com.au|www.australgold.com.au

Austral Gold Limited published this content on 12 December 2017 and is solely responsible for the information contained herein.
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