Western Gold Exploration Ltd. announced a non-brokered private placement of up to 15,000,000 common shares at an issue price of CAD 0.07 per share for the gross proceeds of CAD 1,050,000 on May 14, 2024. The Company has the option to increase the size of the Private Placement by up to an additional 2,857,143 Shares, for total gross proceeds of up to CAD 1,250,000. The Private Placement is subject to the approval of the TSX Venture Exchange.

The securities issued in connection with the Private Placement will be subject to a four-month hold period, in accordance with applicable securities laws. The Company may pay a commission or finder's fee to eligible parties in connection with the Private Placement, subject to the approval of the Exchange and compliance with applicable securities laws.