Mr. Derek Macpherson reports

WEST POINT GOLD ANNOUNCES PROCEEDS OF $3.0 MILLION FROM WARRANT EXERCISES; EXPANDS ONGOING DRILL PROGRAM AT GOLD CHAIN TO 15,000M BY ADDING A SECOND DRILL RIG

West Point Gold Corp. has provided an update on recent warrant exercises and has expanded its drill program to 15,000 metres by adding a second drill rig.

Highlights of this release:

• Since Sept. 30, 2025, a total of 6,271,071 warrants have been exercised for proceeds of $3.0-million.
• As at Dec. 15, 2025, the company's cash balance is $7.2-million, up from $6.4-million at Sept. 30, 2025.
• The company has drilled 3,229 metres since drilling resumed in September, 2025. Results are pending for 1,594 m.
• The company has decided to expand the continuing drill program to 15,000 m (was 10,000 m).
• A second drill rig is expected at site in early January, 2026.

"The combination of our ongoing drilling success and better-than-expected balance sheet at this point in the program has us well positioned to drill more aggressively in 2026. Our plan is to test Tyro South, a 1.2-kilometre extension of the one-kilometre Tyro Main zone, expand the Tyro Main zone to depth and test many of the other high-potential targets at Gold Chain," stated Derek Macpherson, president and chief executive officer. "We would like to thank our many supportive shareholders who have exercised warrants over the last few months, putting us in this strong financial position."

Warrant exercise update

Since Sept. 30, 2025, a total of 6,271,071 warrants have been exercised for proceeds of $3.0-million. As at Dec. 15, 2025, the company's cash balance is $7.2-million, and shares outstanding are 108,072,448. The remaining warrants outstanding with expiries are detailed in table 1.

Expanded drill program at Gold Chain

Since September, the company has completed 3,229 m of drilling at the Tyro Main zone. Initial drilling focused on infill drilling of the near-surface portion of the deposit (1,178 m) and expanding the high-grade zone at northeast Tyro (2,051 m). Assays are pending for 1,594 m.

With the addition of a second drill rig, the company plans to drill an additional 5,000 m in this program for a total of 15,000 m (was 10,000 m). The addition of a second drill and expansion of the drill program are expected to enable the company to test more stepout targets at Gold Chain and to expand the Tyro Main zone to depth.

Targets that may be tested include Tyro South, Sheep Trail mine, Black Dyke mine, Gold Chain Hill and Union Pass Corridor targets, along with follow-up drilling at the Frisco graben. Additional permitting work is under way to test targets, not on the patented claims.

The addition of the second drill rig allows the company to systematically test these targets while continuing to advance the Tyro Main zone toward a maiden resource.

Qualified person

Robert Johansing, MSc, economic geology, PGeo, the company's vice-president, exploration, is a qualified person as defined by National Instrument 43-101, and has reviewed and approved the technical content of this press release.

About West Point Gold Corp.

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

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