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BEAR.V ·

WestKam Gold Corp. Announces Private Placement

Financings

THIS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES

OR FOR DISSEMINATION IN THE UNITED STATES

NEWS RELEASE

WestKam Gold Corp. Announces Private Placement

Vancouver, BC, June 10, 2022 – WestKam Gold Corp. (TSX-V: WKG) (the “Company” or “WestKam”),

announces a non-brokered private placement to raise up to $450,000 through the sale of up to

1,666,666 units (the “Units”) at a price of $0.12/unit and up to 1,666,666 flow-through shares at a price

of $0.15/share. Each Unit consists of one common share and one-half of one transferable common

share purchase warrant, with each whole warrant exercisable at $0.20 per warrant share for a period of

two 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 arising from the sale of Units will be used to pay outstanding accounts

payable and for working capital. Proceeds arising from the sale of FT Shares will be used for exploration

on the Company’s Bonaparte property.

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

“Peter Laipnieks”

Peter Laipnieks, 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, belie ves or

anticipates will or may occur in the future are forward -looking statements. These forward-looking statements involve numerous

assumptions made by the Company based on its experience, perception of historical trends, current conditions, expected future

developments and other factors it believes are appropriate in the circumstances. In addition, these statements involve substa ntial

known and unknown risks and uncertainties that contribute to the possibility that the predictions, forecasts, projections and other

forward-looking statements will prove inaccurate, certain of which are beyond the Company’s control. Readers should not place

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undue reliance on forward-looking statements. Except as required by law, the Company does not intend to revise or update these

forward-looking statements after the date hereof or revise them to reflect the occurrence of future unanticipated event.