Mr. Darcy Marud reports

WESTERN EXPLORATION ANNOUNCES FULLY ALLOCATED NON-BROKERED PRIVATE PLACEMENT OF APPROXIMATELY $6 MILLION OF UNITS

Western Exploration Inc. has provided the terms of a non-brokered private placement offering of units of the company at a price of 70 cents per unit for gross proceeds of approximately $6-million. Each unit will consist of one variable voting share of the Company (each, a "Share") and one variable voting share purchase warrant of the Company (each whole variable voting share purchase warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one variable voting share of the Company (each, a "Warrant Share") at a price of $1.00 per Warrant Share at any time on or before the date which is 36 months after the closing date of the Offering (the "Closing Date"), subject to adjustment in certain events.

The Units available for purchase under the Offering have been fully allocated.

The Offering is scheduled to close on or around March 28, 2024, and remains subject to the receipt of final approval of the TSX Venture Exchange.

The Company intends to use the net proceeds raised from the Offering for exploration and development expenditures at the Aura Project in Nevada, and for general corporate purposes.

All securities issued pursuant to the Offering will be subject to a hold period in accordance with applicable Canadian securities law, expiring four months and one day following the closing date of the Offering.

About Western Exploration

Born from a 25-year history of advancing exploration projects in Nevada as a private company, today Western Exploration is composed of an experienced team of precious metals experts that aims to lead Western Exploration to becoming a premiere gold and silver development company in North America. The Company's principal asset is the 100% owned Aura gold-silver project, located approximately 120 kilometers/75 miles north of the city of Elko, Nevada, and includes three unique gold and silver deposits: Doby George, Gravel Creek, and Wood Gulch. Additional information regarding Western Exploration and the Aura Project can be found on the Company's website and on SEDAR+ (www.sedarplus.ca) under the Company's issuer profile.

We seek Safe Harbor.