The Private Placement is subject to the approval of the TSX Venture Exchange (the “Stock exchange“). The securities issued in connection with the Private Placement are subject to a four-month hold period, in accordance with applicable securities laws.
The company intends to use the proceeds from the private placement for exploration drilling programs and related work on its mining properties and for general and administrative expenses.
The Company may pay a commission or finder’s fee to eligible parties in connection with the Private Placement, subject to approval by the Exchange and compliance with applicable securities laws.
About western gold exploration
The Company is a mineral exploration company listed on the TSX Venture Exchange under the symbol “WGLD”. The company focuses on the exploration of mineral properties in Scotland and discovering new opportunities in the underdeveloped Caledonian Appalachians and identifying locations of gold and critical metal deposits. The company’s main focus is on the Lorne project, which includes the Lagalochan copper-gold porphyry property in Argyll, Scotland (the “Lagalochan property“), and the adjacent and nearby properties along the Lorne Fault Zone.
The company recently announced that its wholly owned subsidiary, Lorne Resources Ltd., has entered into a joint venture with Acrux Gold Limited, to explore for gold, silver and key minerals as part of the Caledonian Gold Project in central Scotland. See the Company’s press release dated November 25, 2025 for additional information.
On November 29, 2022, the company filed a National Instrument 43-101 – Mineral Project Disclosure Standards compliant, independent technical report (the “Technical report“) about the Lagalochan property. The technical report and additional information about the company are available on SEDAR+ at www.sedarplus.ca under the company profile and on the company website: www.westerngoldexploration.com.
This press release does not constitute an offer of the Company’s securities for sale in the United States. The Company’s securities may not be offered or sold in the United States absent registration or an available exemption from the registration requirements of the US Securities Act of 1933, as amended (the “US Securities Act”) and applicable US securities laws. The Company will not make a public offering of its securities in the United States. The Company’s securities have not been and will not be registered under the United States Securities Act.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
CAUTIONARY STATEMENTS REGARDING FORWARD-LOOKING STATEMENTS: This press release contains certain “forward-looking statements” under applicable Canadian securities laws. Forward-looking statements include, but are not limited to, statements regarding approvals from the TSX Venture Exchange with respect to the Private Placement, completion of the Private Placement, the expected use of proceeds from the Private Placement, timing and completion of any drilling and work programs on the Company’s properties, estimates of mineralization from drilling, geological information projected from drilling results, mineral and/or mineral resource potential, and statements about the Company’s plans, intentions, beliefs and current expectations with regard to the future. business activities and operating performance of the Company that may be described herein. Forward-looking statements consist of statements that are not purely historical, including statements regarding beliefs, plans, expectations or intentions regarding the future. Such information generally can be identified by the use of forward-looking language such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variants. Readers are cautioned not to place undue reliance on forward-looking statements as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur.
By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and the capital markets in particular, the accuracy of test results, geological interpretations of drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services, future operating costs and the historical basis for current estimates of potential quantities and qualities of target areas, as well as the risk factors discussed or referenced in the Company’s Management’s Discussion and Analysis for the year ended December 31, 2024 and the period ended September 30, 2025, available at www.sedarplus.camany of which are outside the company’s control. Forward-looking statements in this press release are expressly qualified by this cautionary statement.
The forward-looking statements in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. In addition, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties regarding the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
NOT FOR DISTRIBUTION OR DISTRIBUTION IN THE UNITED STATES. FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF US SECURITY LAWS
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