Mr. Andrew Nelson reports

WESTWARD GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FINANCING

Westward Gold Inc. intends to complete a non-brokered private placement of up to 12.5 million units at a price of eight cents per unit, for aggregate gross proceeds to the company of up to $1-million. Each unit will comprise one common share of the company and one common share purchase warrant. Each warrant will entitle the holder thereof to purchase one common share of the company at a price of 12 cents for a period of 24 months following the closing date of the offering.

The net proceeds from the offering will be used primarily (i) to finance advanced drill-targeting efforts at the company's consolidated land package on the Cortez trend, including detailed geological mapping, rock-chip and soil sampling programs, and geophysical surveys (further described in Westward's press release dated Feb. 27, 2024), (ii) to finance continuing due diligence of potential M&A (merger and acquisition) opportunities, and (iii) for general working capital purposes. The company may expand the scope of exploration activities at the properties to include potential drilling, based on the results of the aforementioned programs and depending on capital availability. 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. Certain finders' fees may also be payable to qualifying parties in accordance with the policies of the CSE.

Andrew Nelson, chief financial officer, commented: "The future is as bright as ever for Westward -- we now own 100 per cent of all five of our projects on major Nevada gold trends, and we continue to attract industry-leading talent to our team. The value proposition at these levels is compelling; our asset base is robust, and we have the technical expertise to advance them in a meaningful and cost-effective way. The challenging market environment has also presented certain external opportunities for growth, which we will look to capitalize on in 2024."

About Westward Gold Inc.

Westward Gold is a mineral exploration company focused on developing the Toiyabe, Turquoise Canyon and East Saddle projects 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.

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