Material Agreement - Form 8-K

On April 26, 2024, Augusta Gold Corp. a Nevada corporation (the "Company"), executed an amended Schedule A (the "Amended Schedule A") to its amended and restated secured promissory note issued to Augusta Investments Inc. (the "Purchaser") on September 13, 2022, as amended and restated on March 27, 2024 (the "Amended and Restated Note").

In connection with entering into the Amended Schedule A, the Purchaser loaned the Company an additional $1,500,000 pursuant to the terms and conditions of the Amended and Restated Note (the "Additional Loan"). As amended by the Amended Schedule A, the Amended and Restated Note is for a principal amount of $24,318,852.62.

Outside of adding the Additional Loan to the principal amount of the Amended and Restated Note, the Amended Schedule A did not amend, alter, restated or otherwise change the principal terms and conditions of the Amended and Restated Note as described in Item 1.01 of the Company's Current Reports as filed on March 28, 2024 and September 19, 2023, which disclosure is incorporated herein by reference.