Mr. Peter Laipnieks reports

WESTKAM GOLD CORP. INCREASES NON-BROKERED PRIVATE PLACEMENT TO UP TO $500,000

Further to Westkam Gold Corp.'s news release of Jan. 23, 2026, it has received overwhelming interest above the previously announced non-brokered private placement offering of up to $300,000. Accordingly, the company is increasing this offering such that it now proposes to sell up to 7,142,857 units at a price of seven cents per unit to raise total gross proceeds of up to $500,000. Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will be exercisable for one common share at a price of 10 cents for a period of three years. The proceeds received from the sale of the units will be used to pay outstanding trade payables, legal fees, audit fees, transfer agent fees and for general working capital.

The units are being offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation. The company may pay a finder's fee to eligible finders as permitted under applicable securities laws and TSX Venture Exchange policies. All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance. Completion of the offering and the payment of any finders' fees in relation thereto remain subject to the receipt of all necessary regulatory approvals, including the approval of the TSX-V.

About Westkam Gold Corp.

Westkam Gold is focused on acquiring and developing mineral properties, with strong potential to host significant resources, in Western Canada. The company is looking for additional projects that are in an established mining district with highly prospective geology that could host significant resources.

We seek Safe Harbor.