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Western Gold Exploration Ltd (2)
Symbol WGLD
Shares Issued 42,481,573
Close 2026-05-01 C$ 0.28
Market Cap C$ 11,894,840
Recent Sedar+ Documents

Western Gold grants options to buy 2.8 million shares

2026-05-01 17:14 ET - News Release

Mr. Ross McLellan reports

WESTERN GOLD GRANTS STOCK OPTIONS

Western Gold Exploration Ltd. has granted incentive stock options to acquire a total of 2.8 million common shares of the company at an exercise price of 22 cents per share. The options vest immediately. The options expire five years from the date of grant. Of these options, 2.8 million were granted to officers and directors of the company, and the remaining 800,000 were granted to consultants. The grant of the stock options is subject to approval by the TSX Venture Exchange.

About Western Gold Exploration Ltd.

The company is a mineral exploration company that is listed on the TSX Venture Exchange under the symbol WGLD. The company is focused on the exploration of gold, silver and critical minerals in Scotland.

In November, 2025, Western Gold formed the Glen Lyon joint venture with Acrux Gold Ltd. to explore for gold, silver and critical minerals as part of the Caledonian gold project in central Scotland. The JV has applied for two Crown Estates Mines Royal option agreements (exploration licences) across the Tyndrum mineral district, specifically the Orchy and Lyon licence areas, which form the Caledonian gold project. The company also operates at the Lorne project, which includes both Lagalochan and Ardlochan prospects, and are located in the highly prospective Lorne porphyry district of the wider Caledonian belt.

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