Austin Metals Raises $1.25M to Accelerate High-Grade Gold and Copper Exploration

• Completed $1.25 million capital raise via placement of 250 million shares at $0.005 each
• High-grade gold intercepts confirmed at Austin Gold Project’s Brunswick Hill and Mt Sandy prospects
• Maiden 21-hole RC drilling program underway at Ashburton Gold-Copper Project’s Donnelly’s Prospect
• Quarterly exploration expenditure of $108,000 with $438,000 cash at quarter end