Summary
AUST has received gold assay results from the first two drillholes at its Stockade Mountain Project, Malheur County, Oregon, including an intercept of 8.19 g/t over 4 feet (1.2 m);

The gold intercepts in the first two holes confirm that the mineralizing system at Stockade Mountain is robust and contains significant gold grades;

Drilling continues on the third core hole;

AUST is fully funded for the planned exploration programs discussed herein.

Vancouver, British Columbia--(Newsfile Corp. - January 30, 2024) - Austin Gold Corp. (NYSE American: AUST) ("Austin" or the "Company") announces that the Company has received gold assay results from the first two drillholes at its Stockade Mountain Project located in Malheur County, Oregon. These holes confirm that the mineralizing system at Stockade Mountain is robust and contains significant gold grades, with the strongest intercept of 8.19 g/t over 4 feet (1.2 m) and several other gold intercepts of interest.

Significant intervals are tabulated in the following chart:

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