Westgold Resources Limited (Westgold or Company (ASX: WGX)) is pleased to provide first assays from earlystage exploration drilling at the Sovereign Reef target (Sovereign) located at the Day Dawn Mining Area.

Day Dawn forms part of the Cue Gold Operations and has been targeted as part of Westgold's renewed exploration focus.

Sovereign is located 300m into the hangingwall of the historic Great Fingall mine and approximately the same distance into the footwall of the Golden Crown mine. These two operations collectively produced >1.5Moz of gold from high grade quartz reef systems hosted within the highly prospective Great Fingall Dolerite. Current Westgold defined Mineral Resources across Great Fingall and Golden Crown total 1.85Mt @ 8.36g/t Au for 497koz.

Managing Director, Wayne Bramwell, commented: 'These early assays from Sovereign tick all the boxes as they are high-grade, relatively shallow and located in the right address. Westgold's exploration team is now accelerating the Sovereign program to determine the potential of this linking reef structure proximate to our iconic high grade Great Fingall and Golden Crown Reefs.'

The Sovereign Reef target was generated from evaluation of historic 1920's era mine plans which suggested that the 9 Level south drive, into the Great Fingall hangingwall, had intersected an un-named reef system which at that time may have been constrained by tenure. As an initial test of this target, three holes were drilled from the surface with RC pre-collars and diamond core tails. The holes were designed to intersect the target approximately 30m apart testing 100m of interpreted strike approximately 180m below surface. Significant drill results returned included 4.40m @ 8.01g/t Au in hole 22GFRD003 and 8.50m @ 1.87g/t Au in hole 22GFRD002.

Hole 22GFRD001, which was the most westerly hole, failed to intersect the interpreted Sovereign Reef position but this may be explained by currently unknown faulting. Structural data collected from the completed holes suggests that, at least in the intersected positions, the reef dips 45 degrees to the south (grid) and thus may represent a mineralised 'linking structure' between Golden Crown and Great Fingall. If this is the case, several currently known footwall reefs to the Golden Crown system may propagate far further into the hanging wall of Great Fingall than ever previously considered, representing further significant exploration targets.

Contact:

Wayne Bramwell

Tel: +61 8 9462 3400

Email: wayne.bramwell@westgold.com.au

Web: www.westgold.com.au

FORWARD LOOKING STATEMENTS

Certain statements in this report relate to the future, including forward looking statements relating to Westgold's financial position and strategy. These forward-looking statements involve known and unknown risks, uncertainties, assumptions, and other important factors that could cause the actual results, performance or achievements of Westgold to be materially different from future results, performance or achievements expressed or implied by such statements. Actual events or results may differ materially from the events or results expressed or implied in any forward-looking statement and deviations are both normal and to be expected.

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