Austin Gold Business Summary

Austin Gold Corp. is a mineral exploration company focused on the acquisition and advancement of high-potential gold targets within the Great Basin of Nevada. As a junior explorer, the company does not currently generate operational revenue; its business model is predicated on capital appreciation through the discovery and de-risking of district-scale assets, specifically focusing on its Stockade Mountain, Kelly Creek, and Lone Mountain projects. The company operates as a single-segment entity, leveraging geological expertise to identify hydrothermal systems near prolific trends like the Carlin and Battle Mountain-Eureka. Austin Gold competes directly with other Nevada-focused junior explorers such as Nevada King Gold Corp., NuLegacy Gold Corporation, and Ridgeline Minerals. Relative to these peers, Austin Gold occupies a niche as a high-conviction explorer led by a team with a history of multi-billion dollar exits, focusing on under-drilled targets with significant scale potential. The leadership team is composed of industry veterans known for their roles in major mining successes. Executive Chairman Dennis Higgs, a co-founder of Uranium One, provides strategic guidance alongside CEO James Anderson, the former CEO of NuLegacy Gold with extensive experience in resource finance. The technical strategy is spearheaded by Vice President of Exploration Ken McNaughton, a co-founder of Pretium Resources and Silver Standard Resources, who brings over 35 years of global exploration expertise. President Darcy Krohman and CFO Sandra McArthur manage corporate development and financial operations, respectively. The company’s board and advisory structure benefit from the involvement of Robert Giustra, linking the firm to the successful Pretium/Silver Standard pedigree, which remains a key draw for institutional investors seeking exposure to Nevada’s gold sector.