Mr. James Hocking reports

WESTGOLD METALS CLOSES NON-BROKERED PRIVATE PLACEMENT

Westgold Metals Corp. has closed its previously announced non-brokered private placement, as described in the news releases on May 20, 2026, and May 21, 2026, resulting in the issuance of 25 million units at a price of eight cents per unit, with each unit comprising one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share at an exercise price of 13.5 cents for a period of 36 months from the date of issuance.

In connection with the offering, the company paid finders' fees in the amount of $ 253,176 and issued 1,764,000 finders' warrants. Each finder's warrant entitles the holder to acquire one common share at an exercise price of eight cents per share for a period of 36 months from the date of issuance.

The company intends to use the net proceeds of the offering to advance its exploration and acquisition strategy, including planned work programs on the Idaho portfolio.

James Hocking, chief executive officer and director of Westgold, commented:

"Closing this financing is an important step for Westgold as we advance our strategy in Idaho. We appreciate the support shown by investors and are pleased to have strengthened the company's balance sheet as we move toward planned technical work at Amie, our flagship asset. Our focus now is on disciplined and methodical execution, the objective being to lay the groundwork for a future drilling program at Amie and to build value across the Idaho portfolio."

All securities issued in connection with the offering are subject to a statutory hold period of four month plus one day in accordance with Canadian securities legislation.

About Westgold Metals Corp.

Westgold Metals is a Canadian mineral exploration company focused on the identification, acquisition and advancement of precious metal exploration opportunities in established North American mining districts. The company is building a portfolio of high-quality assets in politically stable, mining-friendly jurisdictions, led by an experienced management team with backgrounds in equity capital markets, commercial development and technical exploration. Westgold's common shares are listed on the Canadian Securities Exchange under the symbol WGM, quoted on the OTCQB under the symbol WGMTF, and traded on the Frankfurt Stock Exchange under the symbol V0U.

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