Westward Gold Appoints Dr. Quinton Hennigh as Chairman of the Board of Directors

Colin Moore, President & CEO, noted: "On behalf of Westward's management and Board of Directors, I would like to extend our deep gratitude to Mark for his unwavering support and guidance over these last many years. He took a chance on a small upstart gold explorer and helped realize our growth potential despite significant challenges in the capital markets. I have no doubt Mark will continue to be a strong advocate for the Company moving forward, both as one of our largest shareholders, and valued mentors."
Mr. Moore continued: "As we turn our attention towards the future - and in the short term, the most significant field season in Westward's history - we are thrilled to welcome Dr. Hennigh to the Company. His depth of knowledge as it relates to Carlin-type gold exploration, the Cortez District in particular, and the broader capital markets, will be put to immediate use. He has been a staunch believer in the potential of our historically-underexplored region for almost two decades, and we're delighted to have him officially onboard to test it."
Dr. Hennigh is an internationally-renowned economic geologist with over 25 years of exploration experience and expertise with major gold mining companies including Homestake Mining Company, Newcrest Mining Ltd., and Newmont Mining Corporation, where he last served as senior research geologist in 2007. In that role, he undertook a palinspastic reconstruction of the Great Basin that was used to target favourable extensions of the region's most important gold districts. This led to the recognition of the Toiyabe District as being a critical missing piece of the world-class Cortez Gold District.
Since that time, he has been responsible for a number of significant gold discoveries for junior exploration companies, notably the 5-million-ounce Springpole alkaline gold deposit near Red Lake, Ontario, for Gold Canyon Resources. He currently serves as Chairman and President of Novo Resources Corporation, and an adviser to Eskay Mining Corp. and Lion One Metals Ltd. Dr. Hennigh holds a Bachelor of Science from the University of Missouri, and M.Sc. and a Ph.D. in Geology and Geochemistry from the Colorado School of Mines. He is a member (P.Geo.) of the Society of Economic Geologists, and the Mining and Metallurgical Society of America. He is also currently CEO of private miner, San Cristobal Mining Inc.
Dr. Hennigh will serve as Independent Chairman and not as a representative of Crescat Capital LLC ("Crescat"), the Company's largest shareholder (see press release dated April 8, 2025, for additional information). He continues to serve as Crescat's Geologic and Technical Advisor, however no Board nomination rights were granted alongside Crescat's investment in the Company.
Option & Restricted Share Unit Grant
The Company also announces that its Compensation and Corporate Governance Committee has approved and granted an aggregate of 5,000,000 stock options (the "Options") and 4,850,000 restricted share units ("RSUs") to Westward management, Board of Directors, advisors and consultants. The Options, which vest immediately, are exercisable at a price of C$0.12 per common share of the Company for a period of five (5) years from the date of grant. The RSUs granted will vest over a period of 24 months, with 50% vesting on the 12-month anniversary of the date of grant, and the remaining 50% vesting on the 24-month anniversary.
About Westward Gold
Westward Gold is a mineral exploration company focused on developing the Toiyabe Hills Project located in the Cortez Hills area of Lander County, Nevada, and the Coyote and Rossi Projects located along the Carlin Trend in Elko County, Nevada. From time to time, the Company may also evaluate the acquisition of other mineral exploration assets and opportunities.
For further information contact:
Andrew Nelson
Chief Financial Officer
Westward Gold Inc.
+1 (604) 828-7027
andrew@westwardgold.com
www.westwardgold.com
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release. The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this news release.
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 "expect", "believe", "anticipate", "intend", "estimate", "potential", "on track", "forecast", "budget", "target", "outlook", "continue", "plan" or variations of such words and phrases and similar expressions or statements that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved or the negative connotation of such terms.
Such statements include, but may not be limited to, information as to strategy, plans or future financial or operating performance, such as the Company's expansion plans, project timelines, expected drilling targets, and other statements that express management's expectations or estimates of future plans and performance.
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 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 that development of the Company's material properties will not be acceptable for social, environmental or other reasons, availability of equipment (including drills) 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. This list is not exhaustive of the factors that may affect any of the Company's forward-looking statements or information. These and other factors may cause the Company to change its exploration and work programs, not proceed with work programs, or change the timing or order of planned work programs. Additional risk factors and details with respect to risk factors that may affect the Company's ability to achieve the expectations set forth in the forward-looking statements contained in this news release are set out in the Company's latest management discussion and analysis under "Risks and Uncertainties", which is available under the Company's SEDAR+ profile at www.sedarplus.ca. 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 press 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.
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