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BEAR.V ·

WestKam Gold Corp. Announces Private Placement

Financings

NEWS RELEASE

WestKam Gold Corp. Announces Private Placement

Vancouver, BC, February 27, 2020 – WestKam Gold Corp. (TSX-V: WKG) (the “ Company” or

“WestKam ”), announces that it intends to raise up to $250,000 by way of non-brokered private

placement of up to 2,500,000 units at a price of $0.10/unit. Each unit consists of one common share

and one common share purchase warrant exercisable at $0.20 per warrant share for a period of three

years following the close of the offering. The Company may pay a finder’s fee of cash, shares and/or

warrants to eligible finders as permitted under applicable securities laws and TSX Venture Exchange

policies. Proceeds from this offering will be used for general corporate purposes.

About WestKam Gold Corp.

WestKam is a Canadian gold exploration company focused on developing the Bonaparte Gold

Project near Kamloops, British Columbia. Additional information can be found on the

Company’s website at www.westkamgold.com .

ON BEHALF OF THE BOARD OF DIRECTORS

“Matt Wayrynen”

Matthew J. Wayrynen, President & CEO

WestKam Gold Corp.

Suite 900, 570 Granville Street

Vancouver, BC V6C 3P1

Contact: Investor Relations

[email protected]

www.westkamgold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the

TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking information

All statements included in this press release that address activities, events or developments that the Company

expects, believes or anticipates will or may occur in the future are forward-looking statements. In particular, this

news release contains forward-looking information regarding the Offering and the use of proceeds of th e Offering.

These forward-looking statements involve numerous a ssumptions made by the Company based on its experie nce,

perception of historical trends, current conditions , expected future developments and other factors it believes are

appropriate in the circumstances. These assumptions include, but are not limited to: TSXV acceptance of the

Offering; future costs and expenses being based on historical costs and expenses, adjusted for inflation; and market

demand for, and market acceptance of, the Offering. In addition, these statements involve substantial known and

unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, pr ojections and

other forward-looking statements will prove inaccur ate, certain of which are beyond the Company’s cont rol.

Readers should not place undue reliance on forward-looking statements. Except as required by law, the Company

does not intend to revise or update these forward-l ooking statements after the date hereof or revise t hem to reflect

the occurrence of future unanticipated events.