Westgold Resources Limited (Westgold or the Company) refers to the off-market takeover offer made by Ramelius Resources Limited (Ramelius) for Musgrave Minerals Limited (Musgrave) comprising $0.04 in cash and 1 Ramelius share for every 4.21 Musgrave shares announced on Monday, 3 July 2023 (Ramelius Offer).

In response to the Ramelius Offer, Westgold advises that it does not intend to improve its all-scrip offer consideration of 1 Westgold share for every 5.37 Musgrave shares under its off-market takeover offer, nor to vary the offer by extending the period or releasing any of the defeating conditions. Westgold's offer will close at 5:00pm (AWST) on Monday, 24 July 2023 and any acceptances will be null and void.

Contact:

Tel: +61 459 980 481

(C) 2023 Electronic News Publishing, source ENP Newswire