Westward Gold Inc. announced a non-brokered private placement of 3,000,000 units at a price of CAD 0.10 per unit for aggregate gross proceeds of CAD 300,000 on February 15, 2023. Each unit will be comprised of one common share and one common share purchase warrant. Each warrant will entitle one common share at a price of CAD 0.15 for a period of 36 months following the closing date of the share subscription.

The common shares and warrants issued in relation to the share subscription will be subject to a hold period of four months and one day, in accordance with applicable securities laws. The transaction will include participation from new investor, EMX Royalty Corporation. The investor has entered into a binding letter agreement with the company.

The Share Subscription shall close within twenty days following the execution of this Letter Agreement.