Mr. W. Connor MacNeill reports

WESCAN GOLDFIELDS SHAREHOLDERS APPROVE ALL MATTERS AT ANNUAL GENERAL AND SPECIAL MEETING

Wescan Goldfields Inc. has released the results of its annual general and special meeting of shareholders held on Oct. 14, 2026.

At the meeting, shareholders elected Kenneth E. MacNeill, Valerie L. Michasiw and Gary L. Billingsley as directors of the company. Shareholders also reappointed Kenway Mack Slusarchuk Stewart LLP as auditor of the company and authorized the directors to fix its remuneration, approved the continuation of the company's stock option plan, and approved a special resolution authorizing a consolidation of the company's issued and outstanding common shares on the basis of up to four preconsolidation common shares for one postconsolidation common share.

The company is not proceeding with a share consolidation at this time. The board of directors and management will determine the necessity (including whether a consolidation is needed at all) and timing of any future consolidation.

A total of 36,812,627 common shares, representing 47.71 per cent of the company's issued and outstanding shares, were represented in person or by proxy at the meeting. The shareholders of the company showed strong support for the matters brought before the meeting, with all resolutions passing with support of at least 98 per cent of the votes cast. The company is proceeding to apply for TSX Venture Exchange acceptance of the stock option plan.

About Wescan Goldfields Inc.

Wescan Goldfields is a Canadian junior exploration company focused on the exploration and development of gold projects in Northern Saskatchewan. The company holds a 100-per-cent interest in four gold projects: the Munro Lake project, located in the Pine Lake greenstone belt adjacent to the Seabee/Santoy gold camp; and, in Saskatchewan's historic La Ronge gold belt, the Jojay Lake project, which hosts the Jojay gold deposit, the Fork Lake project, which hosts the past-producing Jasper gold mine, and the recently acquired Lindsay Lake project. Shares of Wescan trade on the TSX Venture Exchange under the symbol WGF.

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