Austral Gold Limited Annual General Meeting 30 November 2011 - PowerPoint PPT Presentation

Austral Gold Limited Annual General Meeting 30 November 2011

Guanaco Gold and Silver Mine, Chile Paleocene-Eocene Belt, Northern Chile Caracoles San Cristóbal Antofagasta El Peñón El Soldado Cachinal de la Sierra GUANACO Taltal Vaquillas Amancaya LEGEND Sierra Overa Sierra Juncal Gold Deposits Silver Deposits Paleocene-Eocene Belt

AMINSA Project � San Juan, Argentina

ARGENTINA EXPLORATION POTENTIAL 8 de Julio Project � Santa Cruz, Argentina AGD has a large property position in Santa Cruz Province, Argentina AGD has a large property position in Santa Cruz Province, Argentina

8 de Julio � Geological Map Barroso Grande - 5 -

Barrossa Grande Geology 8 de Julio Project � Santa Cruz, Argentina Barroso Grande Magnetic Response Barroso Grande Vein System - 6 -

8 DE JULIO � SAMPLING ASSAYS 8 de Julio � Sampling Assays 0.283 1.218 0.157 0.548 - 7 -

Guanaco in the porphyry copper belt Guanaco lies directly on trend with some of the largest copper and gold deposits in the world GUANACO - 8 -

Guanaco properties in the paleocene belt 42,631 Ha Mine Property Escondida Cerro Islote Salvadora Veta Blanca Guanaco Orebody Location Cerro Quillota Fortuna Llano Guanaquito Herradura - 9 -

2011 Exploration: drilled targets (Au + Ag) Llano Guanaquito 1 GUANACO Herradura 3 2 4 Herradura Eureka-Palermo C ° Guanaquito Guanaco Minex - 10 -

Guanco Gold Mine - 11 -

Proxies Resolution Total Proxies Proxies Proxies Proxies At the received FOR AGAINST ABSTAINING Proxies eligible to Discretion vote ITEM 2 626,008 593,870 27,310 - 4,828 Adoption of Remuneration Report ITEM 3 Re-Election of Mr Saul Zang 120,029,129 119,996,991 - 25,000 7,138 ITEM 4 121,464,797 121,432,659 - 25,000 7,138 Re-Election of Dr Robert Trzebski ITEM 5 Re-Election of Mr Ben Jarvis 121,464,797 121,432,659 - 25,000 7,138

Proxies Resolution Total Proxies Proxies Proxies Proxies At the received FOR AGAINST ABSTAINING Proxies eligible to Discretion vote ITEM 6 Re-Election of Mr Wayne Hubert 121,464,797 121,432,659 - 25,000 7,138 ITEM 7 Amendments to Austral Gold Limited 121,464,797 121,442,656 15,003 - 7,138 Constitution ITEM 8 Approve Total Aggregate Annual Directors � Fees to Non-Executive 626,008 578,867 42,313 - 4,828 Directors