Mr. Quentin Mai reports

WEST POINT GOLD STRATEGICALLY EXPANDS FOOTPRINT IN NEVADA WITH AGREEMENT TO ACQUIRE THE BAXTER SPRING PROJECT

West Point Gold Corp. has entered into a share purchase agreement, dated Sept. 15, 2025, to acquire a 100-per-cent interest in the Baxter Spring project, through the acquisition of Baxter Gold Corp., a private Canadian corporation, and its U.S. subsidiary. The Baxter Spring project is located in the Manhattan mining district, approximately 40 kilometres south of Kinross's Round Mountain mine and West Point Gold's Jefferson Canyon project, in Nye county, Nevada.

Historical exploration at Baxter Spring includes 128 drill holes, including approximately 11,000 metres of reverse circulation (RC) drilling and 1,850 m of core drilling, along with surface geochemical and geophysical surveys.

Historical drilling on the project is highlighted by:

• 24.4 m at 2.49 grams per tonne gold (BS-22, Homestake Mining, 1982);
• 12.2 m at 60.3 g/t Au, including 3.0 m at 240 g/t Au (BS-8, Homestake Mining, 1982);
• 27.4 m at 1.46 g/t Au (BX-1, Naneco, 1988);
• 7.6 m at 8.81 g/t Au (BX-13, Naneco, 1988);
• 69.0 m at 0.71 g/t Au (BCS-1, Homestake Mining, 1984).

Quentin Mai, chief executive officer, stated: "While Gold Chain remains our flagship asset, Baxter Spring provides an attractive opportunity to acquire an advanced exploration project in a premier location that strengthens our position in the region. Baxter Spring features historical mining, extensive drilling with impressive results, as well as geophysical and geochemical surveys. We believe the replacement cost of the work completed to date far exceeds the value of the shares West Point Gold is paying to acquire the project. This opportunity is largely the result of Baxter Spring being a secondary project held by several other companies, where it had not seen recent work. We continue to expect the majority of our time and capital to be spent on the Gold Chain project going forward, and there are several simple, low-cost programs at Baxter Spring that we plan to complete in Q4 2025, in preparation for drilling in 2026."

Baxter Spring project

Baxter Spring is an advanced-stage exploration project in Nye county, Nevada, and is located approximately 40 km south of Kinross's Round Mountain mine and the company's Jefferson Canyon property, which is optioned to Kinross. The project is approximately 40 km north of Tonopah and is accessible through a paved road. Baxter Spring consists of 137 unpatented federal lode claims covering approximately 2,830 acres (1,145 hectares). The claims are on land administered by both the U.S. Bureau of Land Management (southern half) and the U.S. Forest Service (northern half). The majority of historical exploration work has been completed on the southern portion of the project, where West Point Gold will initially concentrate its efforts.

Historical exploration work includes 128 historical drill holes, including approximately 11,000 m of RC drilling and 1,850 m of core drilling, along with surface geochemical and geophysical surveys.

Historical work identified multiple zones of mineralization, with shallower drilling identifying vein structures within the zone of oxidation and within 300 m of the surface. Gold mineralization is contained in quartz/adularia/iron oxide (pyrite) veinlets associated with localized decalcification and pervasive silicification. Gold mineralization has been identified along a northwest-trending package of Ordovician sediments, which dip southwesterly beneath felsic volcanic rocks, which are locally mineralized. The intersection of this rock package with northeast-trending structures provides a preliminary vector for downplunge exploration. Radiometric dating of adularia suggests an age of approximately 15 million years, corresponding to the Miocene epoch.

Additionally, deeper drilling intersected Lower Plate rocks of the Roberts Mountain formation at depths of 400 to 700 m, including those exhibiting hydrothermal alteration features associated with Carlin-type epithermal gold mineralization. Neither the shallow nor the deeper drilling has defined a resource or established a geologic model for these gold occurrences.

The Baxter Spring project is subject to a 2-per-cent net smelter return royalty payable to Pilot Gold (USA) Inc., a wholly owned subsidiary of Liberty Gold Corp.

Historical exploration results, database and next steps

Baxter Spring comes with a historical database compiled from exploration conducted from 1980 to 2012. Despite the significance of past exploration work completed, much of it predated the current National Instrument 43-101 standards.

The data presented in this release for the Baxter Spring project were sourced from a private report prepared for Baxter Gold by Avrom Howard, MSc, PGeo, dated Nov. 30, 2023. Additional data were received from Pilot Gold (USA).

In 2025, West Point Gold plans to complete the following activities for the Baxter Spring project:

• Compile all historical exploration work, geological mapping and, in particular, drilling data;
• Generate a series of digital layers, allowing West Point Gold to view lithology, structure, alteration and rock geochemistry;
• Combine the above digital models with the drill hole data for 3-D modelling;
• Select field studies following the modelling to better define the lithologies, structures, alteration and geochemistry associated with surface-subsurface gold mineralization;
• Design follow-up and stepout drill holes to confirm and expand gold mineralization;
• Commence permitting for a 5,000-metre drill program in 2026.

Agreement to acquire Baxter Spring Mining (U.S.) Corp. and the Baxter Spring project

West Point Gold has entered into a share purchase agreement, dated Sept. 15, 2025, to acquire all of the issued and outstanding shares of Baxter in exchange for 13.5 million common shares of the company valued at 43.5 cents per common share. Baxter holds a 100-per-cent interest in the Baxter Spring project through its wholly owned U.S. subsidiary, Baxter Spring Mining (U.S.). The parties to the share purchase agreement are at arm's length. No finders' fees are payable in connection with this transaction.

All share consideration to be provided to the shareholders of Baxter will be subject to a statutory hold period of four months plus one day from the closing date of the transaction. Further voluntary contractual hold periods have been agreed to with the shareholders of Baxter, resulting in no shares being free trading after the statutory hold period has elapsed. These voluntary hold periods are: 25 per cent (3,375,000 shares) six months from the closing date; 25 per cent (3,375,000 shares) 12 months from the closing date; 25 per cent (3,375,000 shares) 18 months from the closing date; and 25 per cent (3,375,000 shares) 24 months from the closing date.

This acquisition remains subject to the approval of the TSX Venture Exchange.

Gold Chain share payment

Further to its press release dated Aug. 29, 2025, the company announces that it has issued 129,698 common shares of the company at 34.1 cents per share in connection with a $32,000 (U.S.) ($44,227) share payment due under the option agreement covering a portion of the company's landholdings for the Gold Chain project. The common shares issued have a statutory hold period until Jan. 13, 2026.

Qualified person

Robert Johansing, MSc (economic geology), PGeo, the company's vice-president of exploration, is a qualified person as defined by NI 43-101 and has reviewed and approved the technical content of this press release. The qualified person has not completed sufficient work to verify the historical information on the Baxter Spring property, particularly in regard to historical drill results. However, the qualified person believes that prior drilling and analytical results were completed to industry-standard practices at the time they were completed.

About West Point Gold Corp.

West Point Gold (formerly Gold79 Mines Ltd.) is a publicly listed company focused on gold discovery and development at four prolific Walker Lane trend projects covering Nevada and Arizona, United States. West Point Gold is focused on developing a maiden resource at its Gold Chain project in Arizona while joint venture partner Kinross is advancing the Jefferson Canyon project in Nevada.

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