Western Exploration Inc. announced a non-brokered private placement of units at a price of CAD 0.70 per unit for the gross proceeds of CAD 6,000,000 on March 21, 2024. Each unit will consist of one variable voting share of the company and one variable voting share purchase warrant of the company. Each Warrant will entitle the holder to purchase one variable voting share of the company at a price of CAD 1 per warrant share at any time on or before the date which is 36 months after the closing date of the offering.

The offering is scheduled to close on or around March 28, 2024, and remains subject to the receipt of final approval of the TSX Venture Exchange. All securities issued pursuant to the Offering will be subject to a hold period in accordance with applicable Canadian securities law, expiring four months and one day following the closing date of the offering.