Maiden Resource Estimate At Bullfrog Gold Project

VANCOUVER - Augusta Gold Corp. reported the results of the maiden Mineral Resource estimate for its Bullfrog Gold Project located in Nevada. Maiden Mineral Resource estimate for Bullfrog Gold project in Nevada supported by large dataset, including 254,542 meters of drilling in 1,287 holes, underpins brownfield heap leach development opportunity and sets baseline for expansion. Measured and Indicated Mineral Resources of 880,000 ounces (95% oxide), along with Inferred Mineral Resources of 130,000 ounces (92% oxide). Future drill testing will target potential high-grade structurally-controlled vein material adjacent to historical underground mining. Augusta continues to collect necessary data for geotechnical, metallurgical and hydrological characterization for accelerated permitting activities of this brownfield site.

Scott Burkett, VP Exploration, said, "The robust resource, with over 85% of the mineralized material categorized as Measured and Indicated, represents a large pit-constrained mineralized resource that is amenable to low-cost heap leaching.  Additionally, there are several exploration targets under evaluation which were not included in the current Mineral Resource estimate, and which have the potential to increase the Mineral Resource."