Westward Gold raises $5M via non-brokered private placement

Vancouver, British Columbia, September 9, 2026 – TheNewswire - Westward Gold Inc. (CSE: WG, OTCQB: WGLIF, FSE: IM50) ( “Westward” or the “Company” ) is pleased to announce that it intends to complete a non-brokered private placement (the “Offering” ) of up to 20,000,000 units (each, a “Unit” ) at a price of C$0.25 per Unit (the “Offering Price” ), for aggregate gross proceeds to the Company of approximately C$5,000,000. Each Unit will be comprised of one common share of the Company (each, a “Common Share” ) and one-half of one common share purchase warrant (each whole warrant, a “Warrant” ). Each Warrant will entitle the holder thereof to purchase one Common Share of the Company at a price of C$0.40 for a period of 24 months following the closing date of the Offering.

Current strategic investors Crescat Capital LLC ( “Crescat” ) and Concept Capital Management Ltd. ( “Concept Capital” ) have advised the Company that they intend to participate in the Offering for combined gross proceeds of $2,500,000. Crescat has advised that they intend to subscribe for 6,000,000 Units for gross proceeds of $1,500,000, and Concept Capital has advised that they intend to subscribe for 4,000,000 Units for gross proceeds of $1,000,000.

Kevin Smith, Crescat Founder & CEO, commented: “Seeing the high-grade gold drill results last month is a testament to Toiyabe Hills’ Carlin-type gold potential, and we were very encouraged by these results. I’m pleased to announce Crescat’s third investment into Westward, maintaining our position as the largest shareholder supporting the Company.”

The net proceeds from the Offering will be used primarily (i) to fund ongoing drilling at the Company’s flagship Toiyabe Hills Property along the Cortez Trend in Nevada, in addition to further trenching, detailed geological mapping, rock-chip and soil sampling programs, and geophysical surveys, (ii) to increase cash bonding in relation to Westward’s existing Plan of Operations with the U.S. Bureau of Land Management to allow for expanded ground disturbance, and (iii) for general working capital purposes. Closing of the Offering is subject to receipt of all necessary regulatory approvals, including from the Canadian Securities Exchange (the “CSE” ). The Common Shares and Warrants issued in relation to the Offering will be subject to a hold period of four months and one day, in accordance with applicable securities laws and the requirements of the CSE. In connection with the Offering, the Company expects to pay finder’s fees up to 7% of the gross proceeds of the Offering, which may be paid in Units issued at the Offering Price, and to issue finder’s warrants up to 7% of the number of Units issued in the Offering, which will be exercisable at a price of $0.30 per Common Share for a period of 24 months.

Certain insiders of the Company intend to acquire Units in the Offering. The participation by such insiders in the Offering will constitute a “related party transaction” as defined under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ( “MI 61-101” ). Such participation is expected to be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, based on the fact that neither the anticipated fair market value of the Units subscribed for by the insiders, nor the consideration for the Units to be paid by such insiders, will exceed 25% of the Company’s current market capitalization.

The securities being offered have not, nor will they be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. 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 the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

About Westward Gold

Westward Gold is a mineral exploration company focused on developing the consolidated Toiyabe Hills Project located in the Cortez Hills area of Lander County, Nevada, and the Coyote and Rossi Projects located along the Carlin Trend in Elko County, Nevada. From time to time, the Company may also evaluate the acquisition of other mineral exploration assets and opportunities.

For further information contact:

Andrew Nelson

Chief Financial Officer

Westward Gold Inc.

+1 (604) 828-7027

andrew@westwardgold.com

www.westwardgold.com

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.

This news release contains or incorporates by reference “forward-looking statements” and “forward-looking information” as defined under applicable Canadian securities legislation. All statements, other than statements of historical fact, which address events, results, outcomes, or developments that the Company expects to occur are, or may be deemed, to be, forward-looking statements. Forward-looking statements are generally, but not always, identified by the use of forward-looking terminology such as "expect", "believe", "anticipate", "intend", "estimate”, “potential”, “on track”, “forecast", "budget", “target”, “outlook”, “continue”, “plan” or variations of such words and phrases and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved or the negative connotation of such terms.

Such statements include, but may not be limited to, information as to completion of the Offering, payment of finder’s fees, use of proceeds and other matters relating to the Offering, strategy, plans or future financial or operating performance, such as the Company’s expansion plans, project timelines, expected drilling targets and results, and other statements that express management’s expectations or estimates of future plans and performance.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company’s properties; the effect of changes in commodity prices; regulatory risks that development of the Company’s material properties will not be acceptable for social, environmental or other reasons, availability of equipment (including drills) and personnel to carry out work programs, that each stage of work will be completed within expected time frames, that current geological models and interpretations prove correct, the results of ongoing work programs may lead to a change of exploration priorities, and the efforts and abilities of the senior management team. This list is not exhaustive of the factors that may affect any of the Company’s forward-looking statements or information. These and other factors may cause the Company to change its exploration and work programs, not proceed with work programs, or change the timing or order of planned work programs. Additional risk factors and details with respect to risk factors that may affect the Company’s ability to achieve the expectations set forth in the forward-looking statements contained in this news release are set out in the Company’s latest management discussion and analysis under “Risks and Uncertainties”, which is available under the Company’s SEDAR+ profile at www.sedarplus.ca. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations, and opinions of management as of the date of this press release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.

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September 9, 2026 - 2:10 PM PDT

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