AUGUSTA GOLD ANNOUNCES RESULTS OF ITS ANNUAL SHAREHOLDER MEETING

Rhea-AI Summary

Augusta Gold Corp. (TSX: G; OTCQB: AUGG; FSE: 11B) announced the approval of all matters presented at its annual shareholder meeting on June 20, 2024. Key resolutions included the election of the company’s five director nominees, re-appointment of Davidson & Company LLP as auditors, and approval of unallocated options under the current stock option plan.

All five director nominees received overwhelming support, with Richard Warke garnering 99.75% of votes, Donald Taylor 99.86%, Lenard Boggio 99.88%, John Boehner 99.41%, and Daniel Earle 99.76%. The re-appointment of Davidson & Company LLP and the authorization for directors to fix their remuneration were also sanctioned.

Positive

• All board nominees received over 99% approval, indicating strong shareholder confidence.
• Davidson & Company LLP re-appointed as auditors, ensuring continuity in financial oversight.
• Approval of all unallocated options under the current stock option plan, signaling potential for future employee incentive alignment.

Negative

• None.

VANCOUVER, BC, June 20, 2024 /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 for the Meeting (the "Proxy Statement"), have been approved. These matters included:

• Electing each of the Company's five 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;
• Approving all unallocated options under the Company's current stock option plan, as described in the Proxy Statement; and

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	%
Richard Warke	38,827,841	99.75 %	95,694	0.25 %
Donald Taylor	38,870,454	99.86 %	53,081	0.14 %
Lenard Boggio	38,876,812	99.88 %	46,723	0.12 %
John Boehner	38,692,461	99.41 %	231,074	0.59 %
Daniel Earle	38,828,488	99.76 %	95,047	0.24 %

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 June 20, 2024?

All matters presented were approved, including the election of five director nominees, re-appointment of auditors, and approval of unallocated options.

Which directors were elected at Augusta Gold’s June 2024 shareholder meeting?

Richard Warke, Donald Taylor, Lenard Boggio, John Boehner, and Daniel Earle were elected.

How did shareholders vote on the election of Augusta Gold's directors?

The directors were overwhelmingly supported with over 99% of votes in favor.

What is the stock symbol of Augusta Gold?

The stock symbol of Augusta Gold is AUGG.

Who was re-appointed as the auditor for Augusta Gold in 2024?

Davidson & Company LLP was re-appointed as the auditor.

Were the stock options plan proposals approved in the Augusta Gold shareholder meeting?

Yes, all unallocated options under the current stock option plan were approved.