Reward Project Mineral Resource Estimate

VANCOUVER - Augusta Gold Corp. reported results of its mineral resource estimate at the Reward Project located in Nevada. Closing of the  acquisition of the Reward Project is expected imminently.

Don Taylor, President and CEO, said, "Reward is a fully permitted, low-risk heap leach project located in a top mining jurisdiction.  The recently completed pit constrained resource is indicative of what we can expect in terms of production from the property.  In tandem with our work at Reward we will be completing the required studies for a Mine Plan of Operations for the Bullfrog project scheduled for submission to the regulatory agencies by H1 2023 requesting permits to begin mining operations. It is anticipated that Reward will be the first production in the district followed by the larger planned production from Bullfrog."

A technical report supporting the Reward mineral resource estimate will be filed. The Bullfrog mineral resource estimate is derived from the technical report titled "NI 43-101 Technical Report Mineral Resource Estimate, Bullfrog Gold Project, Nye County, Nevada".