Austral Gold’s Quarterly Report July 31, 2009

Austral Gold Limited (ASX: AGD) has announced the following activity for the quarter ended 30 June 2009.

HIGHLIGHTS:

• Successful drill campaigns and geostatistical analysis completed
• Significant increase to Gold Resources at Guanaco Project
• Completed revised Funding Agreement increasing the facility amount to US$9 million

Click here to view the full announcement.

For further information, please contact:

Catherine Lloyd
Company Secretary/CFO
(02) 9380 7233
info@australgold.com.au