(via TheNewswire)

Vancouver, British Columbia – June 15, 2026 – TheNewswire - WestGold Metals Corp. (“ WestGold ” or the “ Company ”) (CSE: WGM; OTCQB: WGMTF; FSE: V0U) is pleased to announce it has closed its previously announced non-brokered private placement, as described in the press release on May 20, 2026 and May 21, 2026 (the “ Offering ”), resulting in the issuance of 25,000,000 units (each, a " Unit ") at a price of C$0.08 per Unit, with each Unit comprising one common share and one common share purchase warrant (each, a " Warrant "). Each Warrant entitles the holder to acquire one additional common share at an exercise price of C$0.135 for a period of 36 months from the date of issuance.

In connection with the Offering, the Company paid finder’s fee in the amount of $ 253,176.00 and issued 1,764,000 finder warrants. Each finder’s warrant entitles the holder to acquire one common share at an exercise price of $0.08 per share for a period of 36 months from the date of issuance.  

The Company intends to use the net proceeds of the Offering to advance its exploration and acquisition strategy, including planned work programs on the Idaho Portfolio.

James Hocking, Chief Executive Officer and Director of WestGold, commented:

“Closing this financing is an important step for WestGold as we advance our strategy in Idaho. We appreciate the support shown by investors and are pleased to have strengthened the Company’s balance sheet as we move toward planned technical work at Amie, our flagship asset. Our focus now is on disciplined and methodical execution, the objective being to lay the groundwork for a future drilling program at Amie and to build value across the Idaho Portfolio.”

All securities issued in connection with the Offering are subject to a statutory hold period of four month plus one day in accordance with Canadian securities legislation.

The securities referred to in this news release have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent registration under the U.S. Securities Act and applicable state securities laws, unless an exemption from such registration is available. This news release does not constitute an offer for sale of securities for sale, nor a solicitation for offers to buy any securities. Any public offering of securities in the United States must be made by means of a prospectus containing detailed information about the Company and management, as well as financial statements. "United States" and "U.S. person" have the respective meanings assigned in Regulation S under the U.S Securities Act.

About WestGold Metals Corp.

WestGold Metals Corp. is a Canadian mineral exploration company focused on the identification, acquisition, and advancement of precious metal exploration opportunities in established North American mining districts. The Company is building a portfolio of high-quality assets in politically stable, mining-friendly jurisdictions, led by an experienced management team with backgrounds in equity capital markets, commercial development, and technical exploration. WestGold’s common shares are listed on the Canadian Securities Exchange under the symbol WGM, quoted on the OTCQB under the symbol WGMTF, and traded on the Frankfurt Stock Exchange under the symbol V0U. For more information, investors are encouraged to review the Company’s public filings available at www.sedarplus.ca .

For more information, investors are encouraged to review the Company’s public filings available at www.sedarplus.ca .

ON BEHALF OF THE BOARD OF DIRECTORS

James Hocking, CEO & Director

For further information regarding WestGold Metals contact:

James Hocking

Chief Executive Officer & Director

E: investors@westgoldmetals.com

Forward-Looking Statements

This news release may contain certain forward-looking statements and forward-looking information (collectively, “ Forward-Looking Statements ”) within the meaning of the applicable securities laws. All statements, other than statements of historical fact, included herein including, without limitation, statements with respect to the Offering and the anticipated use of the proceeds therefrom, are forward-looking statements. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. Such statements represent the Company's current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

The Canadian Securities Exchange has not reviewed and does not accept responsibility for the accuracy or adequacy of this release.

Copyright (c) 2026 TheNewswire - All rights reserved.