VANCOUVER, BC, March 28, 2024 /CNW/ - Augusta Gold Corp. (TSX: G) (OTCQB: AUGG) (FSE:11B) ("Augusta Gold" or the "Company") announces that it has increased the amount of its loan (the "Loan") with Augusta Investments Inc. (the "Lender"), the Company's largest shareholder, by $525,000 (the "Increase"). In connection with the Increase, the Company paid an origination fee to the Lender in the amount of $25,000. The Company has also extended the maturity date of the Loan to June 30, 2024 (the "Extension"). In connection with the Extension, the Company paid an extension fee to the Lender of $27,790.70.