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United States securities and exchange commission logo





                              July 8, 2021

       Dennis L. Higgs
       President
       Austin Gold Corp.
       1021 West Hastings Street, 9th Floor
       Vancouver, BC
       Canada V6C 0C3

                                                        Re: Austin Gold Corp.
                                                            Draft Registration
Statement on Form S-1
                                                            Submitted June 11,
2021
                                                            CIK No. 0001817740

       Dear Mr. Higgs:

              We have reviewed your draft registration statement and have the
following comments. In
       some of our comments, we may ask you to provide us with information so
we may better
       understand your disclosure.

              Please respond to this letter by providing the requested
information and either submitting
       an amended draft registration statement or publicly filing your
registration statement on
       EDGAR. If you do not believe our comments apply to your facts and
circumstances or do not
       believe an amendment is appropriate, please tell us why in your
response.

             After reviewing the information you provide in response to these
comments and your
       amended draft registration statement or filed registration statement, we
may have additional
       comments.

       Draft Registration Statement submitted June 11, 2021

       Caution Regarding Forward-Looking Statements, page iv

   1.                                                   Please note that
reliance upon the safe harbor protections for forward-looking statements
                                                        under the Private
Securities Litigation Reform Act is not applicable in initial public
                                                        offerings. See Section
27A of the Securities Act. Please either delete any references to the
                                                        Private Securities
Litigation Reform Act or make clear that the safe harbor does not apply
                                                        to this offering.
  Dennis L. Higgs
FirstName
Austin GoldLastName
              Corp. Dennis L. Higgs
Comapany
July 8, 2021NameAustin Gold Corp.
July 8,2 2021 Page 2
Page
FirstName LastName
Use of Proceeds, page 22

2.       We note your disclosure that you intend to use the net proceeds from
this offering for
         exploration expenditures, working capital and general corporate
purposes, which may
         include funding capital expenditures, acquisitions, and investments.
Please revise to state
         the approximate amount intended to be used for each such purpose. See
Item 504 of
         Regulation S-K.
Description of Properties, page 38

3.       Please disclose the internal controls related to your exploration
program as required by
         Item 1305 of Regulation S-K.
Stock Option Plans and Other Incentive Plans, page 72

4.       We note your disclosures that your stock option plan was approved by
the Board
         and shareholders on December 1, 2020 and implemented on that same
date. Please
         reconcile these disclosures with disclosure elsewhere that your Equity
Plan will be
         effective upon the completion of this offering. To the extent
references to the "Option
         Plan," the "Plan," the "Compensation Plan," and the "Equity Plan" all
refer to your single
         stock option plan, please clarify this throughout. If your Equity Plan
differs from your
         stock option plan, please file a copy of the Equity Plan.
5.       We note your stock option plan at Exhibit 10.1 authorizes issuance of
up
         to 2,800,000 Option Shares; however, your tabular disclosures at page
72 appear to
         contemplate issuance of 2,855,100 Option Shares. Please revise or
advise.
Financial Statements
Report of Independent Registered Public Accounting Firm, page F-25

6.       We note your auditor Manning Elliott LLP   s opinion stating that
the consolidated
         financial statements present fairly   .in conformity with
International Financial Reporting
         Standards (IFRS).    Please have your auditor clarify whether it meant
to express in
         conformity with IFRS as issued by the International Accounting
Standards Board (IASB),
         and if yes, revise the audit report as appropriate. If not by the
IASB, please have your
         auditor identify the jurisdiction of origin of the framework for its
opinion and explain
         reason for such jurisdiction instead of the IASB. In this regard, we
note your disclosure
         on page F-31 stating that your consolidated financial statements have
been prepared in
         accordance with IFRS as issued by the IASB.
  Dennis L. Higgs
FirstName
Austin GoldLastName
              Corp. Dennis L. Higgs
Comapany
July 8, 2021NameAustin Gold Corp.
July 8,3 2021 Page 3
Page
FirstName LastName
Note 4 - Exploration and Evaluation Asset, page F-39

7.       We note your disclosure in Note 6b on page F-46 stating that during
the period ended
         December 31, 2020, stock-based compensation of $293,100 was
capitalized to mineral
         interests, and your inclusion of such amount in the Exploration and
Evaluation Assets
         table under this Note 4 heading. Please clarify why this amount was
not included in your
         Consolidated Statement of Cash Flows on page F-29 as a non-cash
investing activity.
        You may contact Mark Wojciechowski, Staff Accountant, at (202) 551-3759
or Lily
Dang, Staff Accountant, at (202) 551-3867 if you have questions regarding
comments on the
financial statements and related matters. For questions regarding engineering
comments, you
may contact John Coleman, Mining Engineer, at (202) 551-3610. Please contact
Liz Packebusch,
Staff Attorney, at (202) 551-8749 or Laura Nicholson, Special Counsel, at (202)
551- 3584 with
any other questions.



                                                             Sincerely,

                                                             Division of
Corporation Finance
                                                             Office of Energy &
Transportation
cc:      Jason Brenkert
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