Augusta Gold Announces Results of its Annual Shareholder Meeting

Rhea-AI Summary

Augusta Gold Corp. announced the successful approval of all matters presented at its annual shareholder meeting on July 29, 2021. Key outcomes included the election of six directors, the re-appointment of Davidson & Company LLP as auditors, and the approval of the company’s Stock Option Plan. Voting results highlighted strong support for the nominees, with votes for each exceeding 99%. Augusta Gold is focused on developing the Bullfrog Gold Project in Nevada, controlling approximately 7,800 acres of mineral rights and pursuing additional exploration opportunities.

Positive

• All matters presented at the annual shareholder meeting were approved.
• Six nominees for the board of directors were elected with over 99% support.
• Re-appointment of Davidson & Company LLP as auditors indicates confidence in financial oversight.
• Approval of the Stock Option Plan supports employee incentives and retention.

Negative

• None.

VANCOUVER, BC, July 29, 2021 /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 June 24, 2021, 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 Company's Stock Option Plan.

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	40,466,921	99.63	149,313	0.37
Lenard Boggio	40,591,362	99.94	24,872	0.06
Daniel Earle	40,589,512	99.93	26,722	0.07
Poonam Puri	40,591,695	99.94	24,539	0.06
Donald R. Taylor	40,522,611	99.77	93,623	0.23
Richard Warke	40,524,977	99.78	91,257	0.22

About Augusta Gold
Augusta Gold is a rapidly growing exploration and development company focused on building a long-term business that delivers stakeholder value through developing the Bullfrog Gold Project and pursing accretive M&A opportunities.  The Bullfrog Gold Project is located in the prolific Bullfrog district approximately 120 miles north-west of Las Vegas, Nevada and 4 miles west of Beatty, Nevada. The Company controls approximately 7,800 acres of mineral rights including the Bullfrog and Montgomery-Shoshone deposits and has further identified significant additional mineralization around the existing pits and defined several exploration targets that could further enhance the Project.  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.

Neither the Toronto Stock Exchange nor the Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Augusta Gold Corp.

FAQ

What were the results of Augusta Gold's annual shareholder meeting on July 29, 2021?

All matters presented, including the election of directors and reappointment of auditors, were approved.

Who were the elected directors at Augusta Gold's annual shareholder meeting?

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

What is the focus of Augusta Gold Corp.?

Augusta Gold is focused on developing the Bullfrog Gold Project in Nevada and pursuing accretive M&A opportunities.

What does the approval of Augusta Gold's Stock Option Plan mean for the company?

The approval supports employee incentives, aligning their interests with shareholder value.