(MENAFN- Newsfile Corp) North Berwick, Scotland--(Newsfile Corp. - October 16, 2025) - WESTERN GOLD EXPLORATION LTD. (TSXV: WGLD) (the " Company ") announces that it intends to consolidate its share capital on the basis of 3.85 pre-consolidation common shares for each one (1) post-consolidation common share (the " Consolidation "). The Company's Board of Directors have approved the Consolidation, and shareholders approved the same at the Company's annual general and special meeting held on September 25, 2025.

The Consolidation remains subject to the approval of the TSX Venture Exchange. The Company will issue a further news release notifying shareholders as to when the effective date of the Consolidation will occur.

The Company currently has 85,349,157 common shares issued and outstanding. After completion of the Consolidation, the Company expects to have approximately 22,168,612 common shares issued and outstanding. No fractional shares will be issued as a result of the Consolidation. The number of post-Consolidation common shares issuable to a shareholder of the Company shall be rounded up in the event that said shareholder was entitled to a fractional share equivalent to one-half or more of a post-Consolidation common share and shall be rounded down in the event that said shareholder was entitled to a fractional share equivalent to less than one-half of a post-Consolidation common share, provided that no shareholder shall be entitled to more than one such rounding up.

About Western Gold Exploration

The Company is a mineral exploration company that is listed on the TSX Venture Exchange under the symbol "WGLD". The Company is focused on the exploration for gold and critical metal deposits in Scotland across the underexplored Caledonian Appalachian terrane. The Company's principal focus is its Lorne Project, which includes the Lagalochan copper gold porphyry property located in Argyll, Scotland (the " Lagalochan Property "), and the adjacent and nearby properties along the Lorne Fault Zone including Ardlochan.

On 29 November 2022, the Company filed a National Instrument 43-101 - Standards of Disclosure for Mineral Projects compliant, independent Technical Report (the " Technical Report ") on the Lagalochan Property. The Technical Report and additional information about the Company are available on SEDAR+ at under the Company's profile and on the Company's website: .

MENAFN16102025004218003983ID1110207836