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MAJOR CONSOLIDATION TO CREATE A MULTI-MINE GOLD PRODUCTION COMPANY WITH A STRONG STRATEGIC VICTORIAN FOOTPRINT AND SUBSTANTIAL PROCESSING CAPACITY

• AuStar Gold Limited (ASX:AUL, “AUL”, “AuStar” or “the Company”) has reached agreement to acquire via merger 100% of Centennial Mining Limited (“CTL”, or “Centennial”), owner of the A1 Gold Mine near Woods Point and the Maldon CIL processing plant near Bendigo, Victoria, via implementation of a Deed of Company Arrangement (DOCA) over CTL (and subject to CTL creditor approval);
• The acquisition will deliver significant regional consolidation, substantially increasing the Company’s ore resources while delivering very substantial expected corporate synergies;