AUGUSTA GOLD ANNOUNCES COMPLETION OF ACQUISITION BY ANGLOGOLD ASHANTI

Core Points - Augusta Gold Corp. has successfully completed its merger with AngloGold Ashanti plc, resulting in Augusta Gold becoming a wholly-owned subsidiary of AngloGold Ashanti [1][2] - Augusta Gold stockholders will receive C$1.70 in cash per share as part of the merger consideration [2] - Following the merger, Augusta Gold's common shares are expected to be delisted from the Toronto Stock Exchange and cease trading on the OTCQB [3] Summary by Sections Merger Details - The merger was approved by Augusta Gold stockholders at a special meeting on October 20, 2025 [2] - The merger agreement was established on July 15, 2025, involving Augusta Gold, AngloGold Ashanti (U.S.A.) Holdings Inc., and Exploration Inc. [1] Stockholder Information - Stockholders holding common shares in beneficial form will automatically receive the merger consideration shortly after the merger closes [2] - Registered stockholders must complete a letter of transmittal to receive their cash payment [2] Regulatory Actions - Augusta Gold has applied to cease being a reporting issuer in Canada and intends to file a Form 15 with the SEC to terminate its registration under the U.S. Securities Exchange Act [3]