Australian Gold and Copper Ltd. announced the appointment of Dr. Adam McKinnon to the Company as a Non-Executive Director, effective 12 August 2022. Dr. McKinnon is an exploration and mining professional with an extensive record of discovery in central western New South Wales. Dr. McKinnon is currently Managing Director of Magmatic Resources Limited, which is AGC's second largest holder with 5.61% of the shares on issue.

Dr. McKinnon has more than 18 years of industry and academic experience in gold and base metal exploration, evaluation, development, mining, metallurgy and approvals. His previous role as General Manager ­ Exploration and Business Development at Aurelia Metals saw him manage a +$20M yearly exploration budget, including the discovery and subsequent growth of the exceptionally high-grade Federation deposit in the south-eastern Cobar Basin. Adam has also previously held roles with CBH Resources and KBL Mining in the Central West, which includes the discovery of the high grade Pearse gold-silver deposit at the Mineral Hill Mine near Condobolin, New South Wales.

Mr. Ranko Matic has provided his resignation as Non-Executive Director, effective 12 August 2022. Mr. Matic joined the Board in November 2020 and has played an active role in developing and executing the Company's corporate strategies.