Ausgold Limited announced appointment of Mr. Ben Stockdale as Chief Financial Officer. Mr. Stockdale is a seasoned finance and commercial executive with extensive resources industry experience including the completion of numerous project and corporate debt and equity financings, mergers & acquisitions and metals and concentrates marketing and logistics. Most recently, Ben was the CFO of ASX- listed Sunrise Energy Metals Limited.

Of particular relevance to Ausgold and the development of the KGP, is Ben's success in delivering project finance facilities for the Sepon Copper-Gold Mine in Laos and the Golden Grove and Prominent Hill mines in Australia while at Oxiana Limited, as well as the financing of the Jabal Sayid Copper-Gold Mine in Saudi Arabia for Citadel Resources Limited. In addition, Ben has held senior finance and commercial roles at MPI Mines Limited, OZ Minerals Limited, Tigers Realm Group and Unity Mines Limited. Entities associated with Ben subscribed for $100,000 in the recently announced placement.