The Board of Ausgold Limited announced the appointment of Mr. Timothy Kestell to the Board as a Non-Executive Director of the Company. Mr. Kestell has over 25 years of capital markets experience including working for HSBC, Paterson Securities Limited and Euroz Securities Limited. He played a key role in a number of transactions including Indago Resources Limited's spin out of Tusker Resources Limited, which was subsequently acquired by Barrick Gold Corporation, as well as the recent purchase of the Kaylekera Uranium asset from Paladin Energy Ltd. by Lotus Resources Ltd.