AuStar Gold Limited (ASX: AUL) (Austar Gold or the Company) refers to its Prospectus lodged with ASIC on 12 December 2019 and released to ASX on 13 December 2019.

Austar advises that due to release of the Prospectus to ASX after market close on 12 December 2019, the Record Date for the Prospectus has been revised to 7pm (AEDT) 18 December 2019 and the following dates in the Prospectus timetable are now as follows

Opening Date under the Entitlement Offer 19 December 2019

Dispatch of Prospectus to Shareholders 19 December 2019

The revised timetable for the Prospectus is set out below

Announcement of the Placement, Entitlement Offer, Subscription Offer and intention to call the General Meeting 5 December 2019

Lodgement of this Prospectus with ASIC Notices sent to Optionholders and Ineligible Shareholders 12 December 2019

Release of Prospectus on ASX 13 December 2019

Notice of the General Meeting dispatched to Shareholders 13 December 2019

Entitlement Offer 'Ex' Date 17 December 2019

Record Date for the Entitlement Offer 7pm (AEDT) 18 December 2019

Opening Date for acceptances of the Entitlement Offer 19 December 2019

Prospectus and personalised acceptance forms sent to Eligible Shareholders under the Entitlement Offer 19 December 2019

Last day to extend the Entitlement Offer Closing Date 6 January 2020

Closing Date for acceptances of the Entitlement Offer 5pm (AEDT) 9 January 2020

Settlement of the Placement Offer 9 January 2020

Entitlement Offer securities quoted on a deferred settlement basis 10 January 2020

Announcement of results of Entitlement Offer and notification of Entitlement Offer Shortfall 13 January 2020

General Meeting to approve issue of Securities1 13 January 2020

Settlement of Subscription Offer 13 January 2020

New Shares and New Options trading on a normal basis2 15 January 2020

Completion under the DOCA3 On or before 24 January 2020

Last day for issue of New Shares and New Options under the Shortfall Offer 9 April 2020

Dates and times in the Prospectus are indicative only and subject to change. Any material changes will be notified to ASX. The Company reserves the right to amend any or all of these dates and times subject to the Corporations Act, the Listing Rules and other applicable laws.

Notes

Issue of New Shares and New Options under the Placement Offer and the Subscription Offer, the issue of the Underwriter Options and the issue of Additional Consideration Shares to the Centennial Vendors are each subject to shareholder approvals at the General Meeting. Refer to Section 5.1 and Section 5.2 of the Prospectus for further details regarding the General Meeting and the Shareholder Approvals.

The Company intends to seek Official Quotation of the New Options offered pursuant to this Prospectus, however, Official Quotation of the New Options will be subject to meeting the requirements for quotation of additional securities under Listing Rule 2.5. If the New Options issued under the Offers do not satisfy these requirements the New Options will be unlisted. Refer to Sections 2.9 and 3.7 of the Prospectus for further details.

The date of completion under the DOCA to be adjusted as necessary in accordance with the agreed timetable for the DOCA. Refer to Section 5.1 of the Prospectus for further details in relation to the DOCA.

Contact:

Mr Frank Terranova

Tel: + 61 3 5777 8268

Email: info@austargold.com

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