Mr. Derek Macpherson reports

KINROSS COMMENCES DRILLING AT WEST POINT GOLD'S JEFFERSON CANYON PROJECT, 7 KM FROM ROUND MOUNTAIN

Following the receipt of permits and the completion of bonding, Kinross Gold USA Inc., a wholly owned subsidiary of Kinross Gold Corp., has commenced drilling at West Point Gold Corp.'s Jefferson Canyon project in Nye county, Nevada.

Highlights:

• Kinross commenced drilling on Sept. 23, 2026, at West Point Gold's Jefferson Canyon, located approximately seven kilometres from its Round Mountain operations.
• Partner-financed exploration allows West Point Gold to retain exposure to Jefferson Canyon while allowing the company to remain focused on its flagship Gold Chain project.
• Permits were received Aug. 19, 2026, starting the four-year option period laid out in the 2022 exploration and option agreement.
• The agreement provides for the potential of up to $10-million (U.S.) in future option payments.
• West Point Gold retains meaningful long-term exposure to Jefferson Canyon, including a 20-per-cent project interest if both Kinross options are exercised, with royalty protection, should its interest subsequently be diluted below 10 per cent.

"We are excited that drilling has begun at West Point Gold's Jefferson Canyon project. The historical drilling and work we previously completed suggest this project has the potential to deliver a significant deposit. Given the project's proximity to Kinross's Round Mountain mine and our partnership on the Jefferson Canyon project with Kinross, we believe the hurdle rate to define a minable deposit is relatively low," stated Derek Macpherson, president and chief executive officer.

Jefferson Canyon project, Nevada

The Jefferson Canyon project in Nye county, Nevada, is located seven kilometres from Kinross's Round Mountain operations. The project has 145 historical drill holes, including 41.2 metres at 6.4 grams per tonne gold and 402 g/t silver (GJ-81). In 2022, West Point Gold entered into an exploration and option agreement with Kinross. Kinross has made all the required payments associated with the agreement to date.

The Jefferson Canyon project contains a large volcanic-hosted epithermal gold-silver system that is essentially the same age as the nearby Round Mountain deposit, a world-class low-sulphidation epithermal deposit. Both are hosted in felsic ash-flow tuffs along the margins of calderas, and both contain a strong northwest-trending and north-south structural control to veins. Both areas contain low-grade disseminated and high-grade vein or replacement-type mineralization.

Historical drilling has defined multiple zones of mineralization and has been highlighted by multiple significant drill intercepts, including 41.2 metres of 6.4 g/t Au and 402 g/t Ag (GJ-81).

Soil sampling in 2021 revealed a four-square-kilometre circular gold-in-soil anomaly. The highest gold-in-soil value was 4,470 parts per billion Au, and anomalous values were distributed as follows: Twenty-nine samples contained greater than 500 parts per billion Au; 99 samples were greater than 200 ppb Au; 234 samples were greater than 100 ppb Au; and 631 samples were greater than 20 ppb Au. The five rock samples collected were anomalous, with values of up to 15.2 g/t gold and 421 g/t silver.

The CSMAT resistivity data suggest that the Jefferson Canyon fault is a deep structure, which likely controls mineralization. This spatial relationship to the gold-silver mineralization supports the potential to expand the mineralized footprint both along strike and depth. A large conductor is evident down plunge along the northeast-dipping Jefferson Canyon fault.

Key remaining terms of the agreement:

• Kinross will continue making continuing lease payments of $75,000 (U.S.) per year for the term of the agreement.
• Kinross is required to spend $600,000 (U.S.) on exploration work and will be responsible for making the payments to keep the unpatented claims in good standing.
• During the term of the agreement, Kinross has the option to acquire 70 per cent of the project for a cash payment of $5-million (U.S.) to West Point Gold and form a joint venture limited liability company, and a second option to acquire an additional 10 per cent of the project for a further payment of $5-million (U.S.) to the company.
• The term of the agreement is four years commencing from receipt of drill permits, with a potential extension of up to two years, subject to certain conditions. Drill permits were received on Aug. 19, 2026.
• If an LLC is formed and either party is diluted below 10 per cent, its interest converts to a 1-per-cent net smelter return royalty.

Marketing engagements

The company has engaged New Era Publishing Inc., also doing business as Katusa Research, an arm's-length service provider, to provide the company certain investor relations and marketing services, in accordance with the policies of the TSX Venture Exchange and applicable securities laws. Based in Vancouver, B.C., New Era specializes in media and investor relations services within the natural resource sector. Under a consulting agreement dated Sept. 8, 2026, New Era will provide media relations, investor communication and market awareness services to the company for a two-month term for a one-time fee of $150,000 (U.S.), payable at the commencement of services. The company will not issue any securities to New Era as compensation for its services. As of the date hereof, to the company's knowledge, New Era (including its directors and officers) does not own any securities of the company. The marketing agreement with New Era is subject to TSX Venture Exchange approval.

Additionally, the company has engaged Freedom Financial Research LLC, an arm's-length service provider, to provide the company certain investor relations and marketing services, in accordance with the policies of the TSX Venture Exchange and applicable securities laws. Based in Charlottesville, Va., Freedom Financial specializes in media and investor relations services. Under a consulting agreement dated Sept. 11, 2026, Freedom Financial will provide media relations, investor communication and market awareness services to the company for a 90-day term for a one-time fee of $150,000 (U.S.), payable at the commencement of services. The company will not issue any securities to Freedom Financial as compensation for its services. As of the date hereof, to the company's knowledge, Freedom Financial (including its directors and officers) does not own any securities of the company. The marketing agreement with Freedom Financial is subject to TSX Venture Exchange approval.

Qualified person

Robert Johansing, MSc in economic geology, PGeo, the company's vice-president, exploration, is a qualified person as defined by National Instrument 43-101, and has reviewed and approved the technical content of this press release. The QP has not completed sufficient work to verify the historical information on the properties, particularly regarding historical drill results. However, the QP believes prior drilling and analytical results were completed in accordance with industry standard practices.

About West Point Gold Corp.

West Point Gold is an exploration and development company focused on unlocking value across four strategically located projects along the prolific Walker Lane trend in Nevada and Arizona, United States, providing shareholders with exposure to multiple discovery opportunities across one of North America's most productive gold regions. The company's near-term priority is advancing its flagship Gold Chain project in Arizona.

We seek Safe Harbor.