West Mining Corp. Completes Acquisition of Kena & Daylight Properties
WEST MINING COMPLETES ACQUISITION OF KENA & DAYLIGHT
PROPERTIES
Not for distribution to United States newswire services or for dissemination in the United States.
May 5, 2021 - Vancouver, B.C. – West Mining Corp. (“West” or the “Company”) (CSE: WEST) (OTC:
WESMF) is pleased to announce that it has completed its acquisition of a 100% interest in its Kena and
Daylight properties (collectively, the “Kena Project” or the “Project”) located in the Nelson Mining District
in southeastern British Columbia.
“Securing 100% ownership of our flagship Kena Project is a monumental step for the Company” s tated
Nicholas Houghton, President and CEO of West. “Historic gold production at Daylight bodes well for its
future development. Coupled with data from over 37,000 metres of drilling and results of previ ous
exploration programs outlining the copper potential at the Kena Copper Zone, West Mining Corp. is in an
excellent position to advance the project with our first class Geological team and the treasury we have in
place”
West now holds a 100% interest in the Project, subject to the NSR granted to Apex described below and to
the underlying NSRs described in the Company’s press release respecting the Project dated January 26,
2021. See the Company’s press release dated April 12, 2021 for further details respecting the transaction.
Purusant to an asset purchase agreement dated as of April 7, 2021 with Apex Resources Inc. (“Apex”), the
Company acquired Apex’s interest in the Project from Apex in exchange for consideration of: aggregate
cash payments of $300,000; an aggregate of 1,500,000 common shares of the Company (each, a “Share”);
and granting Apex a 1.0% net smelter returns royalty on the Pro ject, with West having the right to
repurchase the NSR for $500,000 at any time prior to the commencement of commercial production on the
Project.
In conjunction with closing the transaction with Apex, pursuant to an amending agreement dated April 7,
2021 wi th Boundary Gold and Copper Mining Ltd. (“Boundary”), and Boundary’s wholly- owned
subsidiary, 1994854 Alberta Ltd. (“1994854”) , which amend ed a share option agreement dated as of
January 25, 2021 between the parties, West acquired all of the issued and out standing shares of 1994854
from Boundary. 1994854 is party to an underlying property option agreement respecting the Project with
Apex dated September 23, 2016, as amended June 26, 2019, which provide s 1994854 with the option to
acquire an 80% interest in the Project. To acquire the shares of 1994854 from Boundary, West made a cash
payment of $800,000 to Boundary and issued an aggregate of 7,361,112 Shares to Boundary.
About West Mining Corp.
West Mining Corp. is a mineral exploration company acquiring and developing advanced and prospective
early-stage exploration projects. It is fully focused on it 100% owned 8000 hectare Kena Project located
near Nelson, British Columbia. Over 37,000 metres of drilling completed to date on the project. The Kena
Project comprises three adjoining Properties: Kena, Daylight and Athabasca. The Kena Property hosts the
Kena Gold, Gold Mountain and Copper King showings together with the historic Euphrates and Gold Cup
gold mines. The Daylight property contains the historic to past producing Daylight, Starlight, Victoria and
Great Eastern gold mines. Along trend to the north is the Athabasca Property, with the historic Athabasca
Gold Mine. The historic mines an d known mineralized zones on these three properties are structurally
controlled along a 15 kilometre strike as identified by strong geophysical signatures.
Linda Dandy, P.Geo., a “Qualified Person” for the purpose of National Instrument 43- 101, has reviewed
and approved the contents of this news release.
For additional information, please refer to the Company’s public disclosure record available on SEDAR
at www.sedar.com.
West Mining Corp.
Nicholas Houghton
President & CEO
www.westminingcorp.com
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respect to future events, and current information available to them, and are subject to certain risks, uncertainties and
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exhaustive of the factors that may aff ect forward-looking information. These and other factors should be considered
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