Ann: Pathfinder Project Update, page-2

Further progress and development underway at Austin’ s flagship property in Colorado
• Colorado Niobrara and Pierre well access road has been completed that permits Austin access to 6 x 640 acre sections
The Board of Austin Exploration (“Austin” or “the Company”) (ASX:AKK) is pleased to announce that the Company has completed the construction of a road that permits access to approximately 3800 acres (six 640 acre blocks) at its 100% controlled 11,560 acre project in Fremont County, Colorado. Mr Aaron J. Goss, VP of Texas and Lands and Property for Austin, secured Right of Ways and approvals with Surface Use Agreements that allowed construction to start and to be completed.
“This road allows for easy access to several well locations, and is an important development for our flagship Pathfinder oil and gas field as we prepare for our next stage of drilling,” said Mr. Goss.
Ms. Ola Akrad, VP of Engineering, said that after several months of significant planning, engineering, EPC and permit work, construction of the road has been completed.
Eleven culverts were installed, banks were taken out, hill sides leveled, road leveled, and hard rock put down.
“We are very pleased with the construction of this road as it helps to unlock the value of our Pierre and Niobrara property,” said Ms. Akrad.