West Point Gold Completes C$8 Million Financing

(MENAFN- Newsfile Corp) Vancouver, British Columbia--(Newsfile Corp. - June 10, 2025) - West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) ("West Point Gold" or the "Company") is pleased to announce the closing of its previously announced bought deal private placement for aggregate gross proceeds of approximately C$8 million (the " Offering "). The Underwriters purchased on a bought deal basis, an aggregate of 17,778,000 units (the " Units ") of the Company at a price of C$0.45 per Unit (the " Offering Price ") for aggregate gross proceeds to the Company of C$8,000,100. This total includes the full exercise of the Underwriters' option to purchase additional Units.

"As a result of West Point Gold's recent exploration success, the Company has been able to attract several high-quality institutional investors strengthening both the share registry and the Company's balance sheet," stated CEO Quentin Mai. "The Company is well positioned with the capital necessary to aggressively continue advancing its Gold Chain Project in Arizona."

Each Unit consists of one common share of the Company (each, a " Unit Share ") and one-half of one common share purchase warrant (each whole warrant, a " Warrant "). Each Warrant entitles the holder thereof to purchase one common share of the Company (each, a " Warrant Share ") at a price of C$0.55 at any time before 5:00 p.m. (Toronto time) on June 10, 2027. The expiry date of the Warrants will accelerate in the event the volume weighted average trading price of the common shares in the capital of the Company is equal to or exceeds C$0.90 per common share for a period of 20 consecutive trading days (an " Acceleration Event "). If an Acceleration Event occurs, the Warrants will expire 30 days after notice of such Acceleration Event.

The Offering was conducted by Cormark Securities Inc., as lead underwriter and sole bookrunner, on behalf of a syndicate of underwriters including Canaccord Genuity Corp. and Red Cloud Securities Inc. (collectively, the " Underwriters "). The Underwriters received a cash commission of C$480,006 equal to 6.0% of the gross proceeds of the Offering. As additional consideration for their services, the Underwriters were also issued 1,066,680 compensation warrants (the " Compensation Warrants ") equal to 6.0% of the number of Units issued pursuant to the Offering. Each Compensation Warrant entitles the holder thereof to subscribe for one common share of the Company at a price of C$0.45 until June 10, 2027.

The Company intends to use net proceeds from the Offering for exploration and advancement of the Company's Gold Chain Project, sustaining and exploration expenditures on the Company's projects in Nevada, and for general working capital purposes, as further outlined in the Offering Document (as defined below).

All Units distributed in connection with the Offering were issued and sold pursuant to the "Listed Issuer Financing Exemption" available under Part 5A of National Instrument 45-106 - Prospectus Exemptions (the " LIFE Exemption ") and in reliance on Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption (the " Order "). A copy of the offering document under the LIFE Exemption dated May 29, 2025 (the " Offering Document ") is available electronically on the Company's website and on SEDAR+ ( ) under the Company's issuer profile. Pursuant to the LIFE Exemption, all Units issued under the Offering to Canadian subscribers are not subject to a hold period in Canada in accordance with applicable Canadian securities laws and the policies of the TSX Venture Exchange (the " Exchange "). All other securities not issued pursuant to the LIFE Exemption, namely, the Compensation Warrants, are subject to a statutory hold period in accordance with applicable Canadian securities laws, expiring on October 11, 2025. The Offering remains subject to the final acceptance of the TSX Venture Exchange.

About West Point Gold Corp.
West Point Gold Corp. (formerly Gold79 Mines Ltd.) is a publicly listed company focused on gold discovery and development at four prolific Walker Lane Trend projects covering Nevada and Arizona, USA. West Point Gold is focused on developing a maiden resource at its Gold Chain project in Arizona, while JV partner Kinross is advancing the Jefferson Canyon project in Nevada.

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