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Westward Gold Identifies Deep Magnetic Feature in Footwall of Hilltop Corridor & Consolidates Additional Land at the Toiyabe Hills Property, Nevada

12:30 Uhr  |  The Newswire
Property - Westward Gold Inc. (CSE: WG, OTCQB: WGLIF, FSE: IM50) ("Westward" or the "Company") is pleased to announce the discovery of a deep-seated igneous stock, as indicated by a magnetic survey, near the former northern boundary of its Toiyabe Hills Property in Lander County, Nevada ("Toiyabe Hills", or the "Property"). This new revelation marks a significant development in the understanding of the Property, and the Company has since expanded its land position northwards to cover additional ground over and adjacent to the concealed magnetic intrusion (the "Threemile Stock"), which is situated at depth in the footwall of a district-scale north-south structural corridor and mineralization control (the "Hilltop Corridor"). The recently-interpreted magnetic data also highlighted major dike swarms that vector towards the Threemile Stock, which explains their presence and suggests the igneous features are connected at depth. Deep-seated magnetic intrusions of this character, in close association with felsic to lamprophyric dike swarms, form an igneous centre. This unique structural setting is a key component of the largest Carlin-style gold camps in Nevada, including the Goldstrike, Pipeline and Cortez Complexes. Additional work is planned over the coming weeks and months to more precisely define the geometry and characteristics of the Threemile Stock.

A roundtable video discussion featuring Colin Moore (CEO), Dr. Quinton Hennigh (Chairman), Kelly Cluer (Director), Robert Edie (VP Exploration), and Steve Koehler (Technical Advisor), is available here:

In the discussion, Dr. Quinton Hennigh notes: "We have the ground all the way up to the southern edge of the Caetano, and now we have evidence of an intrusion in that neighbourhood. This is getting very interesting. If anything, I think the recent work we've done - and the recognition that we made here - is going to make the Company going forward."

2025 Drone Magnetic Survey & Interpretations:

At the end of the 2025 field season, MWH Geo-Surveys International Inc. of Reno, NV ("MWH") completed a Property-wide drone magnetic survey, flown at 50-metre line spacings and an average altitude of 48 metres. The data acquired were then processed and analyzed by Mr. Jim Wright of J.L. Wright Geophysics in Spring Creek, NV, a renowned geophysicist with over 40 years of expertise within the Carlin and Cortez Districts of northern Nevada. The major findings included an interpreted deep-seated igneous stock near the northern boundary of Toiyabe Hills, intruded into the footwall of the Hilltop Corridor. Observations consistent with a thermal aureole - evidently, the peripheral effects of the Threemile Stock - had previously been made by the Company at the Property, with hornfels alteration mapped at surface and logged in nearby drill holes. Figure 1 below shows total magnetic intensity (TMI) and combines 2025 MWH magnetic data with inherited legacy data collected via fixed-wing surveys in the 1980s and 1990s by Pearson, deRidder and Johnson ("PRJ") of Lakewood, CO. A step-out drone magnetic survey by MWH - to be completed imminently - will improve upon the legacy PRJ data to the north and more precisely define the dimensions and character of the Threemile Stock.

Figure 1: Total Magnetic Intensity - Toiyabe Hills & Surrounding Area


Click Image To View Full Size

Note source for geologic map underlying magnetic data (Figure 1, right hand side): Colgan, J.P., Henry, C.D., and John, D.A., 2011, Geologic map of the Caetano Caldera, Lander and Eureka counties, Nevada: Nevada Bureau of Mines and Geology Map 174, scale 1:75,000, 10 p.

The MWH drone survey defines a complex magnetic landscape; the interpretation relied on residual magnetics to remove much of the regional slope - allowing for recognition of smaller amplitude features in the data (see Figure 2 below). This led to the identification of a compelling cluster of short, linear magnetic highs centred in the northern portion of the coverage, interpreted to be dikes. In the centre of the survey's north area there is also an interesting east-west oriented intrusive response, proximal to areas of interest as indicated by several other datasets. The dike swarm and surrounding area is a focal point for intrusive activity, and includes portions of the Company's 2026 drill targets at the SSD Zone and Campfire.

Figure 2: Residual Magnetics, Qualitative Interpretation (J.L. Wright Geophysics, 2026)


Click Image To View Full Size

2026 Land Expansion:

With results from the 2025 drone magnetic survey in hand, the Company identified additional available ground proximal to the Threemile Stock and along strike of the Hilltop Corridor. As soon as weather conditions allowed, 168 unpatented mining claims administered by the U.S. Bureau of Land Management ("BLM") were staked; Westward's 100%-owned fully-contiguous land position is now comprised of 1,015 claims covering approximately 84 square kilometres (see Figures 3 and 4 below). These new claims are not subject to any underlying royalties or obligations with the exception of annual maintenance fees payable to the BLM and Lander County.

Figure 3: Evolution of Westward's Toiyabe Hills Property


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Figure 4: Toiyabe Hills & Surrounding Area (Top - Looking NNE, Bottom - Looking South)


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In addition to the aforementioned step-out drone magnetics survey to be completed in short order, the new land will also be subject to the Company's standard suite of baseline systematic exploration programs over the coming weeks and months. This will include a gravity survey (to tie into the current Property-wide dataset), soil and rock-chip sampling programs, and detailed Anaconda-style geologic and alteration mapping. In addition to the findings of the drone magnetics survey, Westward's investigation of historical data and literature on the area suggests it is prospective for Carlin-type gold exploration:

  • Geologic models indicate the edge of the Caetano Caldera displays attractive exploration characteristics, yet is historically poorly-understood

    • Geologic mapping has suggested potential areas where lower-plate carbonate rocks (Paleozoic limestones) crop out at surface - with Eocene volcanic rocks having been eroded away. Post-Eocene uplifts, with multiple episodes of tectonic and magmatic activity, are prime settings for larger Carlin-type gold systems. The upcoming gravity survey and other systematic mapping campaigns will facilitate identification of zones where Paleozoic carbonate rocks lie at shallow depths.

    • Legacy samples and sketch mapping over the newly-staked ground indicate hornfels and other calc-silicate alteration zones, in addition to altered dikes.

  • The new claims cover mapped historical mining prospects, in addition to apparent legacy drilling of a colour anomaly that spans Paleozoic sedimentary rocks and Tertiary volcanic rocks.

  • The presence of old road cuts and trenches on the ground (from companies that pre-date Westward) is an advantage that will greatly benefit upcoming mapping and sampling efforts.

Qualified Person

The technical information contained in this news release was reviewed and approved by Robert Edie, Vice President Exploration of the Company, who is a Qualified Person under National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. Edie is a Certified Professional Geologist (CPG) through the American Institute of Professional Geologists (AIPG).

About Westward Gold

Westward Gold is a mineral exploration company focused on developing the Toiyabe Hills Project located in the Cortez Trend 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.

Copyright (c) 2026 TheNewswire - All rights reserved.


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