Vancouver, British Columbia – May 20, 2026 - TheNewswire – WestGold Metals Corp. (“WestGold” or the “Company”) (CSE: WGM; OTCQB: WGMTF; FSE: V0U) is pleased to announce that it intends to conduct a non-brokered private placement (the “Offering”) through the issuance of up to 25,000,000 units (the “Units”) of the Company at a price of $0.08 per Unit for the gross proceeds of up to $2,000,000.

Each Unit will consist of one common share in the capital of the Company and one common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to acquire one additional common share of the Company at a price of C$0.135 for a period of 36 months from the date of issuance.

The Offering follows a series of strategic initiatives undertaken by WestGold in 2026, including the appointment of a new leadership team, the Company’s name change from Nordique Resources Inc. to WestGold Metals Corp., and the recently announced option agreement to acquire a 90% interest in the Amie, Silver Rock and Demming precious and base metal exploration projects in Idaho, USA.

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

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

“This financing is designed to support the next phase of WestGold’s transformation. Since the beginning of the year, we have renewed the leadership team, repositioned the Company around North American precious metals exploration, and announced the proposed acquisition of the Idaho Portfolio. The proceeds of this Offering are intended to provide the working capital to advance priority technical work, progress the Idaho opportunity, and continue building a focused exploration company around assets with meaningful discovery potential.”

The Offering is expected to close in one or more tranches and remains subject to receipt of all necessary regulatory approvals, including acceptance by the Canadian Securities Exchange. All securities issued and issuable pursuant to the Offering will be subject to a statutory hold period of four months plus one day from the date of issuance in accordance with applicable Canadian securities legislation.

The Company may pay cash finder’s fees and/or issue finder warrants to eligible finders in connection with the Offering, subject to applicable securities laws and the policies of the Canadian Securities Exchange.

The securities to be issued pursuant to the Offering have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons in the absence of U.S. registration or an applicable exemption from the U.S. registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or in any other jurisdiction in which such offer, solicitation or sale would be unlawful.

  

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 further information, please contact:

James Hocking
Chief Executive Officer & Director
E: investors@westgoldmetals.com

Neither the Canadian Securities Exchange nor its Market Regulator, as that term is defined in the policies of the Canadian Securities Exchange, accepts responsibility for the adequacy or accuracy of this release.

Forward-looking statements

This news release contains or incorporates by reference “forward-looking statements” and “forward-looking information” as defined under applicable Canadian securities legislation. All statements, other than statements of historical fact, which address events, results, outcomes, or developments that the Company expects to occur are, or may be deemed to be, forward-looking statements. Forward-looking statements are generally, but not always, identified by the use of forward-looking terminology such as “anticipate,” “expect,” “suggest,” “plan,” “believe,” “intend,” “estimate,” “target,” “project,” “should,” “could,” “would,” “may,” “will,” “forecast” and other similar expressions.

Forward-looking statements in this news release include statements relating to the Offering, the anticipated size of the Offering, the expected closing of the Offering in one or more tranches, the receipt of all necessary regulatory approvals, the anticipated use of proceeds, the Company’s exploration and acquisition strategy, the advancement of the Company’s mineral projects, and the proposed acquisition and future exploration of the Idaho Portfolio.

Forward-looking statements or information are subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual events or results to differ from those reflected in the forward-looking statements or information, including, without limitation, the risk that the Offering may not be completed on the terms announced or at all; the risk that the Company may not receive all necessary regulatory approvals; the risk that the Company may not complete the proposed acquisition of the Idaho Portfolio; the need for additional capital by the Company through financings, and the risk that such funds may not be raised; the speculative nature of exploration and the stages of the Company’s properties; the effect of changes in commodity prices; regulatory risks; availability of equipment and personnel to carry out work programs; that each stage of work will be completed within expected time frames; that current geological models and interpretations prove correct; the results of ongoing work programs may lead to a change of exploration priorities; and the efforts and abilities of the senior management team.

Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated, described or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company’s forward-looking statements and information are based on the assumptions, beliefs, expectations, and opinions of management as of the date of this news release, and other than as required by applicable securities laws, the Company does not assume any obligation to update forward-looking statements and information if circumstances or management’s assumptions, beliefs, expectations or opinions should change, or changes in any other events affecting such statements or information.