Mr. Darcy Marud reports

WESTERN EXPLORATION COMMENCES GRID POWER FEASIBILITY STUDY FOR DOBY GEORGE PROJECT WITH EXPANDABILITY FOR GRAVEL CREEK

Raft River Rural Electric Co-operative Inc. (RRREC) has commenced a feasibility study to evaluate the supply of grid power to Western Exploration Inc.'s Doby George gold project, as well as the future expandability for the Gravel Creek project, both located within the Aura district in northeastern Nevada.

The study will be completed by WSP of Hailey, Idaho, and will evaluate the existing capability of RRREC's Riddle Substation and existing feeders in proximity to Doby George to serve an additional 3.5-megawatt peak load and potential five MW motor start load. Following an assessment of available system capacity and constraints, WSP will present options to serve the load through system extensions and upgrades.

Once identified, WSP will also determine material upgrades that could prepare the system for an additional six MW load in support of future development of the Gravel Creek project. WSP will develop a Level 4 engineering and equipment cost estimate for the identified upgrades. Class 4 estimates carry an accuracy range generally between negative 15 per cent and plus 30 per cent, and are appropriate for project screening, feasibility determination, concept evaluation and preliminary budget approval.

RRREC currently serves the local community of Mountain City, Nev. -- the location of Western's field offices and core shack -- as well as surrounding ranches. The existing RRREC infrastructure passes approximately five kilometres south of Gravel Creek and terminates approximately five kilometres east of Doby George. The extension of the existing line to Doby George is expected to follow current road infrastructure right-of-ways, a significant advantage given that the existing line already holds a permitted right-of-way.

"This is another important milestone for the development of the Doby George project," said Darcy Marud, president and chief executive officer of Western Exploration. "The feasibility study will also look to incorporate power line and infrastructure upgrades that could be beneficial to the future development of the Gravel Creek project. Taken together, this work represents another meaningful step in derisking and advancing a new precious metals district in northeastern Nevada."

In addition to the commencement of the power feasibility study, Western continues to work with Stantec Consulting and Kappes, Cassidy & Associates on baseline environmental and cultural studies for Doby George and the completion of the mine plan of operations (MPO) for the Doby George project. The company is still working with its contractors and consultants towards an MPO submitted by the end of Q2 2026.

About Western Exploration Inc.

Western Exploration is a Nevada-focused gold and silver developer advancing its 100-per-cent-owned Aura project, located approximately 120 kilometres north of Elko, Nev. The Aura project hosts two primary assets: Doby George, a near-surface oxide heap-leach project with a positive 2025 preliminary economic assessment; and the Gravel Creek/Wood Gulch corridor, a high-grade gold-silver epithermal system. Combined, the Aura district hosts approximately 1.5 Moz (million ounces) AuEq (gold equivalent) in indicated and inferred mineral resources. Western trades on the TSX Venture Exchange under the symbol WEX and on the OTCQX Market under the symbol WEXPF.

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