Austin Gold Appointment of Director and Corporate Update

Vancouver, British Columbia--(Newsfile Corp. - September 20, 2024) - Austin Gold Corp. (NYSE American: AUST) ("Austin" or the "Company") announces the appointment of Sandra R. MacKay to the Board of Directors.

Sandra brings over 30 years of corporate commercial legal experience to the Company. She has acted as a board member and been an advisor on governance and legal matters to the boards of several public companies. Sandra is Global Vice President, Legal for Copperleaf Technologies Inc., a global supplier of AI-empowered asset investment planning software; Copperleaf was recently acquired in an acquisition valued at $1 billion.

Previously, Sandra was Senior Vice President, Legal of Uranerz Energy Corporation, a leading integrated producer of uranium in the United States, and Vice President, Legal of Chemetics Inc., an international engineering technology company. She held senior legal counsel positions with QLT Inc., a dual-listed biotechnology company, and Chevron Canada Limited. Sandra has a wealth of legal experience including securities law, employment law, and intellectual property law matters. She holds a Juris Doctor from the University of British Columbia and is a member of the Law Society of British Columbia.

"We are pleased to welcome Sandra as a member of the Board of the Company. She brings over three decades of legal and governance expertise to this role and her tremendous knowledge and business acumen will make her a valuable addition to the Board," stated Joe Ovsenek, Chair of the Board.

Corporate Update - Marketing Agreement

The Company has recently entered into a Marketing Agreement with i2i Marketing Group, LLC ("i2i"), a Florida-based company, for the purpose of providing various marketing services to the Company. i2i will create an advertising campaign and utilize their physical marketing program strategy with the aim of increasing investor awareness through various online platforms and methods of engagement, including the direct mailing of advertising materials to potentially interested parties. The contract is on a month-to-month basis, and fees for the services will vary, up to $750,000, according to the program(s) being employed. The Company will not issue any securities to i2i as compensation for its marketing services. As of the date hereof, to the Company's knowledge, i2i (including its directors and officers) does not own any securities of the Company and is arm's length with the Company.