Mr. Kasun Liyanaarachchi reports

WESTGOLD DELIVERS $122M IN FY26 SHAREHOLDER CAPITAL RETURNS

Westgold Resources Ltd. has declared a 10-cent-per-share fully franked dividend for fiscal 2026, representing a total dividend payment of approximately $95-million. Together with approximately $27-million invested in on-market share buybacks to June 30, 2026, Westgold's capital returns to shareholders in respect of fiscal 2026 total approximately $122-million.

Highlights:

• 10-cent-per-share fully franked fiscal 2026 dividend declared:
  • Total payment of approximately $95-million, representing 16 per cent of fiscal 2026 free cash flow of $602-million;
  • This is 400 per cent above the minimum annual dividend commitment of two cents per share;
• $122-million returned to shareholders for fiscal 2026:
  • Capital returns comprise $95-million in dividends and $27-million in share buybacks, up 329 per cent on fiscal 2025;
• New fiscal 2027 shareholder capital return policy adopted:
  • Minimum annual shareholder returns increase to three cents per share, through dividends and share buybacks;
• Fiscal 2027 share buyback program approved:
  • The board has approved a $50-million on-market share buyback program for fiscal 2027.

Westgold managing director and chief executive officer Wayne Bramwell commented: "In FY26, Westgold returned a record $122-million to shareholders, including $95-million in fully franked dividends. This is an outstanding result for shareholders and reflects the stronger cash flow now being generated by the business.

"Westgold is now a larger, stronger business. We can invest in organic growth while also returning capital to shareholders. Our approach remains disciplined: We will fund high-return growth opportunities, maintain a strong balance sheet, and return surplus cash through sustainable dividends and share buybacks. This strategy is expected to lift gold production over our three-year outlook, and we are fully funded to deliver our growth plans.

"In FY27, we will continue to use share buybacks alongside sustainable annual dividends to deliver value for both international and domestic shareholders. Cash remains king, and Westgold enters FY27 with strong financial and production momentum."

Fiscal 2026 dividend of $95-million (10 cents per share fully franked)

In recognition of the record operating and financial outputs achieved in fiscal 2026 and after considering Westgold's forecast cash flows, Westgold's board of directors has approved a 10-cent-per-share fully franked final dividend for fiscal 2026, 400 per cent above the minimum annual dividend commitment of two cents per share.

The total dividend of $95-million represents 16 per cent of free cash flow generated in fiscal 2026 and will be paid out on Oct. 8, 2026. The ex dividend date for Australian Securities Exchange purposes is Sept. 15, 2026, with the record date being Sept. 16, 2026 (and for Toronto Stock Exchange purposes, the ex dividend date and record date is Sept. 16, 2026, in Canada).

Since the inception of Westgold's dividend policy in fiscal 2024, Westgold has paid a total of $161-million in capital returns, including $134-million in dividends.

New shareholder capital return policy

Westgold has adopted a new shareholder capital return policy for fiscal 2027, which supersedes the fiscal 2026 dividend policy. The shareholder capital return policy establishes an improved framework for the disciplined return of capital to shareholders while continuing to self-finance growth and maintaining balance sheet strength. The policy provides for a combination of ordinary dividends and on-market share buybacks financed from free cash flow generation.

Under the policy, Westgold will target a minimum annual shareholder capital return of three cents per share, comprising a minimum ordinary dividend of two cents per share, with the balance returned through share buybacks or additional dividends. Total shareholder returns will be capped at 30 per cent of annual free cash flow and remain subject to Westgold board discretion.

The Westgold board will determine the appropriate mix of dividends and buybacks having regard to Westgold's financial performance, cash flow generation, treasury position, commodity price outlook, growth investment opportunities and broader capital allocation priorities.

Fiscal 2027 share buyback

The company is pleased to announce that the Westgold board has approved the extension of the current on-market share buyback program, which was due to expire on Sept. 11, 2026.

The Westgold board has approved the extension of the current share buyback to Sept. 10, 2027, to allow Westgold to buy back up to $50-million of fully paid ordinary shares in Westgold for fiscal 2027, subject to an overall limit of 5 per cent of the issued share capital of Westgold on Sept. 11, 2026 (being the commencement of the extension to the share buyback). The share buyback will be undertaken in compliance with Australian and Canadian securities laws with all purchases made through the facilities of the Australian Securities Exchange.

The number of Westgold shares purchased, if any, will depend on prevailing market conditions and share prices, and will be undertaken at the company's discretion through on-market purchases, within the company's available buyback capacity.

Westgold has notified ASIC under Section 257F of the Corporations Act 2001 of its intention to extend the current share buyback through to Sept. 10, 2027.

An updated Appendix 3C in relation to the share buyback extension will be lodged immediately following this announcement. Canaccord Genuity (Australia) Ltd. continues to act as broker for the share buyback.

We seek Safe Harbor.