Headwater Gold Inc. (CSE: HWG) (OTC: HWAUF) (the 'Company' or 'Headwater') that it has granted 550,000 incentive stock options (the 'Options') to a director, officer, employees and consultants of the Company. Each Option is exercisable to purchase one common share of the Company at a price of $0.38 for a five-year term.

The Options are subject to the acceptance of the Canadian Securities Exchange.

Contact:

Tel: +1 (775) 409-3197

Email: cstroup@headwatergold.com

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