Austral Gold Limited advises that although the high-pressure grinding roll equipment (HRC 800) was initially expected to be operational at the Company's Heap Reprocessing Project in May 2024, as reported in First Quarter 2024, repairs have taken longer than anticipated. Consequently, the installation of the equipment is now projected to occur near the end of June 2024. Due to this delay, production for Second Quarter 2024 has been lower than expected, leading to a revision of production guidance for 2024 from 24,000-28,000 gold equivalent ounces (GEOs) to 18,000-20,000 GEOs.