Austral Gold’s Quarterly Report September 2009 October 30, 2009

Austral Gold Limited (ASX:AGD) is pleased to advise the following activity for the quarter ended 30 September 2009.

HIGHLIGHTS:

• Commencement of Bankable Feasibility Study at Guanaco, Chile
• Commencement of 2009/10 drilling campaign at Guanaco
• Mr Stabro Kasaneva, Chief Operating Officer of Guanaco Mining Company appointed as an Executive Director to the Board
• Key management appointments
• 2009 Annual Report released

Click here to view the full announcement.

For further information, please contact:

Catherine Lloyd
CFO & Company Secretary
+61 2 9380 7233

Media Enquiries:
Bill Kemmery
Fortbridge
+61 2 9331 0655
+61 400 122 449
bill.kemmery@fortbridge.com