Effective at opening on Monday, Sept. 9, 2024, the company's unsecured gold-linked notes and common share purchase warrants will commence trading on the TSX Venture Exchange. The company is classified as a mining company.

Corporate jurisdiction:  British Columbia

Warrant capitalization:  19,287,598 warrants, authorized by a warrant indenture dated March 19, 2024, of which 19,287,598 warrants are issued and outstanding

Transfer agent:  Odyssey Trust Company

Trading symbol:  WRLG.WT.A (new)

Cusip No.:  95556L 13 5 (new)

Warrant exercise terms:  Each warrant entitles the holder thereof to purchase one common share of the company at an exercise price of 95 cents per share, until March 19, 2029.

Corporate jurisdiction:  British Columbia

Note capitalization:  27,165,631 notes, authorized by a trust indenture dated March 19, 2024, of which 27,165,631 notes are issued and outstanding

Transfer agent:  TSX Trust Company

Trading symbol:  WRLG.NT.U (new)

Cusip No.:  95556L AA 9 (new)

Redemption:  The company may, at any time and from time to time, purchase notes in the market by private purchase, by tender, by contract or otherwise, at any price. If, upon an invitation for tenders, noteholders of not less than 90 per cent of the aggregate principal amount of the outstanding notes accept such tender offer and the company purchases all of the notes held by such holders, the company will have the right, upon not less than 15 nor more than 60 days of prior written notice to the transfer agent and the remaining holders, given not more than 30 days following the purchase pursuant to such tender offer, to redeem all of the notes that remain outstanding following such purchase at a redemption price equal to the price offered under the tender offer plus, to the extent not included therein, accrued and unpaid interest on the notes that remain outstanding, to, but excluding, the date of redemption (subject to the right of holders of record on the relevant record date to receive interest due on an interest payment date that is on or prior to the redemption date).

Interest:  Interest is accrued at a rate of 12.00 per cent per annum, payable in equal quarterly amounts, provided that for any interest period that is shorter than a full monthly interest period, interest shall be calculated on the basis of a year of 365 days and the actual number of days elapsed in that period. The interest start date is as of March 19, 2024.

Upcoming interest payment dates:  Sept. 30 , 2024, Dec. 30 , 2024, March 30, 2025, June 30, 2025, and on a quarterly basis thereafter

Maturity date:  Dec. 31, 2029 (maturity date)

Subordination:  The notes will be unsecured obligations of the issuer, ranking pari passu with all other current and future unsecured debt of the company, subordinated to all current and future secured debt and other liabilities of the company, and senior to any future debt and other liabilities of the company that are expressly subordinated to the notes.

Note terms:  Commencing Jan. 1, 2026, the company will cause gold to be placed in escrow on a quarterly basis into a gold trust account. The aggregate principal of the notes outstanding will be reduced by the company on a quarterly basis (subject to exchange approval), commencing on March 31, 2026, through the final payment on the maturity date. The notes will amortize based on a guaranteed floor price of $1,800 (U.S.) per gold ounce and any excess proceeds by which the gold price exceeds the floor price will be paid to holders as a premium.

Clearing and settlement:  The debentures will clear and settle through CDS Clearing and Depository Services Inc.

Board lot:  The debentures will trade in a board lot size of $1,000 (U.S.) face value.

Public disclosure:  Refer to the news releases dated Feb. 27, 2024, March 1, 2024, March 20, 2024, April 4, 2024, and Sept. 5, 2024.