Austin gold projects update

Summary aust has received approval from the bureau of land management ("blm") for its planned drilling program at its miller project located at the southern end of the carlin gold trend in elko county, nevada; aust plans to drill the miller project in july, subject to weather conditions and drill rig availability; aust is continuing to work with the state of oregon to process the exploration permit for the stockade mountain project, malheur county, oregon; aust plans to drill stockade mountain in late spring or early summer, subject to permitting, weather conditions, and drill rig availability; aust continues data compilation, evaluation, and drill targeting on its lone mountain project, elko county, nevada; aust has renegotiated the terms of the option to joint venture agreement on the kelly creek project, humboldt county, nevada, reducing the expenditures to earn a 51% interest to c$2,500,000 from c$4,750,000, and total expenditures of c$5,000,000 to earn a 70% interest; the company has terminated the mineral lease and option agreement for the fourmile basin project as it no longer meets the objectives of the company; and aust is fully funded for the planned exploration programs discussed herein. vancouver, british columbia--(newsfile corp. - may 4, 2023) - austin gold corp.  (nyse american: aust)  ("austin" or the "company") provides the following projects updates.
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