AUGUSTA GOLD ANNOUNCES RESULTS OF ITS ANNUAL SHAREHOLDER MEETING

Rhea-AI Summary

On September 29, 2022, Augusta Gold Corp. announced successful outcomes from its annual shareholder meeting, with all proposed matters approved. This includes the election of six nominees to the board of directors, re-appointment of Davidson & Company LLP as auditors, and approval for repricing certain stock options. Election results showed overwhelming support for nominees, with votes for ranging from 99.67% to 99.98%. Augusta Gold is focused on developing its gold projects in Nevada and aims to enhance stakeholder value.

Positive

• All proposed matters approved at the annual shareholder meeting.
• Strong board support with over 99% votes for nominees.
• Re-appointment of established auditors, indicating continuity.

Negative

• None.

VANCOUVER, B.C., Sept. 29, 2022 /PRNewswire/ - Augusta Gold Corp. (TSX: G) (OTCQB: AUGG) (FSE: 11B) ("Augusta Gold" or the "Company") announces that all matters presented for approval at Augusta Gold's annual shareholder meeting held today, as more particularly set out in the Company's Management Information Circular and Proxy Statement dated August 15, 2022, have been approved. These matters included:

• Electing each of the Company's six nominees as directors of the Company;
• Re-appointing Davidson & Company LLP as auditors of the Company for the ensuing year and authorizing the directors to fix their remuneration; and
• Approving the repricing of certain Company stock options.

A summary of the results for the election of the Company's directors is provided below:

Name of Nominee	Votes For		Votes Withheld
	Number	%	Number	%
John Boehner	40,280,915	99.98 %	8,529	0.02 %
Lenard Boggio	40,158,112	99.67 %	131,332	0.33 %
Daniel Earle	40,158,407	99.67 %	131,037	0.33 %
Poonam Puri	40,162,485	99.68 %	126,959	0.32 %
Donald R. Taylor	40,158,252	99.67 %	131,192	0.33 %
Richard Warke	40,279,592	99.98 %	9,852	0.02 %

About Augusta Gold

Augusta Gold is an exploration and development company focused on building a long-term business that delivers stakeholder value through developing the Reward and Bullfrog gold projects and pursing accretive M&A opportunities. The Reward and Bullfrog gold projects are located in the prolific Bullfrog mining district approximately 120 miles north-west of Las Vegas, Nevada and just outside of Beatty, Nevada. The Company is led by a management team and board of directors with a proven track record of success in financing and developing mining assets and delivering shareholder value. For more information, please visit www.augustagold.com.

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SOURCE Augusta Gold Corp.

FAQ

What were the results of Augusta Gold's annual shareholder meeting on September 29, 2022?

All matters presented for approval were approved, including the election of six nominees, re-appointment of auditors, and repricing of stock options.

Who were elected as directors during Augusta Gold's annual meeting?

The six elected directors were John Boehner, Lenard Boggio, Daniel Earle, Poonam Puri, Donald R. Taylor, and Richard Warke.

What percentage of votes supported the nominees in Augusta Gold's shareholder meeting?

Votes for the nominees ranged from 99.67% to 99.98%.

What is Augusta Gold's focus and strategy following the annual meeting?

The company is focused on developing its Reward and Bullfrog gold projects and pursuing accretive M&A opportunities.

What firm was re-appointed as auditors for Augusta Gold?

Davidson & Company LLP was re-appointed as the auditors for the ensuing year.