Headwater Gold Inc. announce the appointment of Mr. Philip Yee, MBA, CPA as Chief Financial Officer of the Company. Mr. Yee is a professional accountant with graduate degrees in business and engineering and has over 20 years' experience in corporate management, regulatory compliance, accounting, audit and taxation for both private and public companies. Previously, Mr. Yee held executive management roles at Canagold Resources, Endeavour Silver and the Augusta Group.

The Company has granted 200,000 incentive stock options to Mr. Yee. Each Option is exercisable to purchase one common share of the Company at a price of $0.32 for a five-year term and will vest in six months after the date of grant. The Options are subject to the acceptance of the Canadian Securities Exchange.