(via TheNewswire)
Vancouver, BC – TheNewswire - January 26, 2026 – West Mining Corp. (“West ” or the “ Company ”) (CSE: WEST) (OTC: WESMF) (FRA: 1HL) is pleased to provide a corporate update respecting certain Company matters. First, West announces Mr. Rachit “Shaun” Saini to Company’s Board of Directors. Shaun has over 10 years of experience helping businesses scale their operations to improve customer satisfaction and drive revenue growth. His expertise lies in creating innovative solutions that address complex business challenges and has a proven record of delivering measurable results. Mr. Saini has also successfully raised significant capital for various start-up ventures.
West also announces that the option agreement (the “Upside Option Agreement”) with Upside Gold Corp. (the “Optionee” or “Upside”) dated as of January 20, 2025, pursuant to which West granted Upside an option to acquire a 100% interest in and to the Company’s Kena Property (subject to certain underlying net smelter return royalties), has been amended. Under the amended Upside Option Agreement, the aggregate cash payments ($2,000,000), share issuances (aggregate deemed value of $3,000,000 of Upside shares) and exploration expenditures ($3,500,000 on or before January 20, 2028) are unchanged. However, the timing of certain of the cash payments and share issuances have changed, with the amended timing being as follows:
aggregate cash payments of $2,000,000: $398,750 on or before September 1, 2025; an additional $851,250 on or before January 20, 2027; and an additional $750,000 on or before January 20, 2028; and
issuance of an aggregate of $3,000,000 worth of common shares of Upside to West: 100,000 Upside Shares at a deemed price of $0.20 per share, having an aggregate deemed value of $20,000 on September 1, 2025; an additional $500,000 worth of shares on or before January 20, 2026; an additional $980,000 worth of shares on or before February 19, 2026; an additional $500,000 worth of shares on or before January 20, 2027; and an additional $1,000,000 worth of shares on or before January 20, 2028).
The Company also advises that it has relinquished its option to acquire two mineral claims pursuant to an option agreement dated as of October 15, 2024 (see the Company’s news releases dated October 15 and 21, 2024, and April 16, 2025 for further details). West confirms that, despite this surrender of its option to these two ancillary claims, the Company continues to hold a 100% interest in and to the mineral claims comprising its Junkers Property in north-central British Columbia and its Spanish Mountain West Property in central British Columbia.
About West Mining Corp.
West Mining Corp. is a mineral exploration company currently exploring for copper, gold and silver on its 100% owned Junkers Property in north-central British Columbia and its 100% owned Spanish Mountain West Property in central British Columbia. West Mining also holds a 100% interest in the Kena Property, which it has optioned to Upside Gold Corp.
For additional information, please refer to the Company’s public disclosure record available on SEDAR+ at www.sedarplus.com .
West Mining Corp.
Nader Vatanchi
778-881-4631
nadervatanchi@hotmail.com
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The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release .
Certain statements contained in this press release constitute “forward-looking information” as such term is defined in applicable Canadian securities legislation. The words “may”, “would”, “could”, “should”, “potential”, “will”, “seek”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions as they relate to the Company, are intended to identify forward-looking information. All statements other than statements of historical fact may be forward-looking information. Such statements reflect the Company’s current views and intentions with respect to future events, and current information available to them, and are subject to certain risks, uncertainties and assumptions, including, without limitation: the potential of the Company’s mineral properties; the estimation of capital requirements; the estimation of operating costs; the timing and amount of future business expenditures; and the availability of necessary financing. Many factors could cause the actual results, performance or achievements that may be expressed or implied by such forward-looking information to vary from those described herein should one or more of these risks or uncertainties materialize. Such factors include but are not limited to: changes in economic conditions or financial markets; increases in costs; litigation; legislative, environmental and other judicial, regulatory, political and competitive developments; and exploration or operational difficulties. This list is not exhaustive of the factors that may affect forward-looking information. These and other factors should be considered carefully, and readers should not place undue reliance on such forward-looking information. Should any factor affect the Company in an unexpected manner, or should assumptions underlying the forward-looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward- looking information is expressly qualified in its entirety by this cautionary statement. Moreover, the Company does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release and the Company undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law.
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