Augusta Gold Corp. Strengthens Financial Position Through Loan Amendments and Extensions

Augusta Gold Corp., trading under the ticker symbols TSX: G, OTCQB: AUGG, and FSE: 11B, has recently made significant strides in enhancing its financial stability by amending existing loan agreements. This strategic financial maneuver was officially announced on December 31, 2024, and is key in positioning the company for further growth.

The company has announced an additional loan of $250,000 from Augusta Investments Inc., which acts as the lender in this agreement. This new funding is expected to reinforce the company's capital structure as it progresses with its ongoing projects in the mining sector. Notably, the latest amendment also signifies that there is no need for Augusta Gold to seek disinterested shareholder approval for the interest payable from October 1, 2024, to the loan's maturity date. This alleviates a procedural hurdle that could have complicated the financial landscape for the company.

Furthermore, Augusta Gold has successfully extended a separate loan agreement with Donald Taylor, which will now run through to June 30, 2025. Such measures reflect not only the company's commitment to fostering sound financial management but also its focus on sustaining relationships with key financial stakeholders. This is particularly crucial as Augusta Gold aims to develop its Reward and Bullfrog gold projects, located approximately 120 miles northwest of Las Vegas, Nevada, and just outside Beatty, Nevada.

The company's strategic planning underscores a proactive approach to securing the necessary funding that supports growth while simultaneously adhering to the regulations set forth by the Toronto Stock Exchange. Being able to navigate these requirements without disruption demonstrates Augusta Gold's robust governance framework.

Leadership at Augusta Gold believes that these amendments reflect its commitment to delivering stakeholder value. With a management team and board of directors featuring a proven track record in financing and developing mining assets, Augusta Gold is well-positioned to capitalize on growth opportunities, including potential mergers and acquisitions within the mining industry.

About Augusta Gold: Augusta Gold is an exploration and development company that focuses on creating long-term value for its stakeholders through successful project development and effective management strategies. Its target projects, Reward and Bullfrog, are both seen as pivotal in driving future success and positioning the company as a competitive player in the mining sector.

In summary, the recent amendments and loan extensions demonstrate Augusta Gold's strategic commitment to financial resilience in an increasingly challenging environment. As the company continues its operational agenda, these financial adjustments will likely play a key role in its ability to execute plans and undertake new initiatives.

Forward-Looking Statements

It is important to note that some statements in this announcement are considered 'forward-looking statements.' These are based on current expectations and involve known and unknown risks that might cause actual results to deviate from expectations considerably. Stakeholders are encouraged to remain cautious and reference periodic filings with Canadian securities regulators for detailed information on the company's performance and prospects.