Mr. Wayne Bramwell reports

WESTGOLD RECOMMENCES MINING AT GREAT FINGALL

Westgold Resources Ltd. has successfully fired the first high-grade stope at its iconic Great Fingall mine -- now accessing virgin areas of the famous gold reef last mined more than a century ago.

Located near the town of Cue in Western Australia, the Great Fingall mine produced an astonishing 1.2 million ounces (oz) of gold between 1891 and 1918 -- from just 1.9 million tonnes (t) of ore, notably without the benefit of modern mining technology.

At steady-state production from 2027, Great Fingall will deliver approximately 500,000 tonnes per annum of high-grade ore to Westgold's Cue processing hub, supplementing ore feed from its nearby plus-one-million-tonne-per-annum Big Bell mine.

Highlights:

• Reef mining has recommenced at the historically significant Great Fingall mine near Cue;
• First stope firing delivered grades averaging between three and four grams per tonne (g/t) gold (Au);
• Great Fingall high-grade ore to boost production at Cue processing hub -- complementing Big Bell's volume contribution;
• Ramp-up under way toward steady-state production of 40,000 tpm from Great Fingall and Golden Crown by late FY (fiscal year) 2027;
• Underground drilling continues -- targeting mine life extensions and new targets beyond the current six-year plan.

Westgold managing director and chief executive officer Wayne Bramwell commented:

"The recommencement of stoping at Great Fingall is a proud achievement for all at Westgold and the Western Australian underground mining community.

"This historic mine, which produced over 1.2 million ounces of gold at outstanding grades in the early 1900s, has now been revitalized as a modern, high-grade operation through our strategic investment in the Murchison portfolio. The high-grade output from Great Fingall will complement the volume from Big Bell, strengthening our operations and creating lasting value for our shareholders."

First production from virgin stopes at Great Fingall

Westgold is pleased to advise that mining of the first virgin stopes at the Great Fingall underground mine near Cue, Western Australia, has commenced. This achievement aligns with the company's FY 2026 guidance, which anticipated first ore from higher-grade stopes in Q2 (second quarter) FY 2026.

Gold grades from initial stopes are in line with expectations, averaging over three g/t. This milestone represents the transition from development to production at Great Fingall, a cornerstone asset within Westgold's Murchison operations.

The Great Fingall mine is forecast to ramp up steadily through FY 2026 toward a combined steady-state production rate of approximately 40,000 tonnes per month by late FY 2027. Ore from Great Fingall will provide high-grade feed to the Cue processing hub, complementing Big Bell's contribution of bulk tonnage and underpinning improved operating margins.

Westgold continues to drill the lower open extents of the multiple lodes at Great Fingall from underground, targeting extensions to the current six-year mine life. The mine is supported by high-quality infrastructure and operated under a three-year underground mining contract with Barminco.

Great Fingall -- an iconic mine of historical significance

The Great Fingall and Golden Crown mines are two of Western Australia's most storied gold producers.

Historically operated as separate mines, they collectively contributed significantly to the Day Dawn goldfield's reputation as one of the richest in the Murchison region. Great Fingall alone produced more than 1.2 million oz at an average grade of 19.5 g/t between 1891 and 1918, while Golden Crown added further ounces at similarly high grades, including 288,000 oz from 648,000 tonnes at 13.8 g/t Au during its underground campaigns.

Westgold is now reviving these iconic assets as a single integrated operation accessed via one modern underground portal. This approach maximizes efficiency and unlocks the remaining high-grade potential of both deposits, extending their legacy.

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