Mr. Ken MacNeill reports

WESCAN GOLDFIELDS INC. ANNOUNCES CLOSING OF SECOND AND FINAL TRANCHE OF PRIVATE PLACEMENT

Wescan Goldfields Inc. has closed the second and final tranche of its private placement of flow-through common shares in the capital of the company at a price of six cents per flow-through share and units of the company at a price of five cents per unit, which was previously announced on Sept. 1, 2023, and subsequently upsized on Sept. 29, 2023.

The final tranche consisted of the issuance of 400,000 units, for gross proceeds of $20,000. Together with the closing of the first tranche, which was previously announced on Sept. 29, 2023, the company issued: (i) 600,000 flow-through shares; and (ii) three million units, for aggregate gross proceeds of $186,000.

As previously announced, each unit consists of one common share in the capital of the company and one common share purchase warrant of the company. Each warrant entitles the holder thereof to purchase one common share at an exercise price of six cents for a period of 12 months from the date of issuance thereof.

All securities issued pursuant to the offering are subject to a statutory hold period of four months and one day in accordance with applicable securities legislation and Exchange regulations. The offering remains subject to receipt of final approval of the TSX Venture Exchange.

The company intends to use the proceeds from the offering to incur Canadian exploration expenses on the company's gold properties and for general working capital purposes. Wescan will renounce the qualifying expenditures to subscribers of the flow-through shares.

About Wescan Goldfields Inc.

Wescan is a Canadian-based corporation engaged in the acquisition, exploration and development of mineral properties. Shares of Wescan trade on the exchange under the trading symbol WGF.

We seek Safe Harbor.