Westgold Resources Limited (ASX: WGX / OTCQX: WGXRF - Westgold or the Company) is pleased to provide an update on planned exploration activities across the Fingall Dolerite near Cue in Western Australia.

HIGHLIGHTS

Recently completed gravity geophysical survey has generated five new high priority drill targets along the Fingall Dolerite - the host to the iconic Great Fingall and Golden Crown mines, which collectively have historically produced >1.6Moz Au, plus several other shallow mined deposits. These new targets, previously unknown and invisible in other geophysical datasets, are lithostructural> analogues to the faults controlling mineralisation at Great Fingall and Golden Crown. Extensive exploration will commence in H2, FY24 - testing the new blind targets and known prospectsm such as Sovereign (located between the Fingall and Golden Crown mines).

'Drilling has successfully extended the mine lives of our key assets during 2023 and allows us to now take a more strategic view of our organic project pipeline,' said Westgold Managing Director Wayne Bramwell. 'The Fingall Dolerite holds many shallow mines and lacks deep drilling across its 11km strike. With newly acquired data sets yielding blind targets across this fertile belt, our Exploration teams are now prioritising these targets to test during H2, FY24 to find the next Great Fingall

Day Dawn hosts a total known gold endowment of >2.2Moz with >90% of the gold hosted in the Fingall Dolerite (an 11km long by 1km wide differentiated dolerite sill intrusion within a northwest dipping mafic volcano sedimentary package). Mineralisation within the Fingall Dolerite is typically quartz vein reef style with altered and mineralised sulphidic margins. Mineralised widths can range from

New high priority gravity targets

During late 2023, Westgold completed a high-resolution gravity geophysical survey across the entire Day Dawn area with an additional 3,900 data points collected to expand the previously completed trial survey. The trial survey, whilst restricted in coverage and limited by mining infrastructure, highlighted the faults that control mineralisation at Great Fingall and Golden Crown can be mapped in the gravity data with distinctive visible steps/offsets at the contacts between the Fingall Dolerite and the Hangingwall and Footwall Basalts

MEDIA AND INVESTOR RELATIONS ENQUIRIES INVESTOR RELATIONS MEDIA Kasun Liyanaarachchi| Investor Relations Manager Peter Knight | Communications Manager Investor.Relations@westgold.com.au Peter.Knight@westgold.com.au +61 458 564 483 +61 459 980 481

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. Other than required by law, neither Westgold, their officers nor any other person gives any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements will actually occur.

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