GOLDEN PURSUIT APPOINTS CHARLES “CHUCK” WESTGARD TO BOARD OF DIRECTORS Experienced Business Leader Brings More Than $1 Billion in Capital and Development Experience to Golden Pursuit as Company Prepares for Major Gordon Lake Exploration
GOLDEN PURSUIT APPOINTS CHARLES
“CHUCK” WESTGARD TO BOARD OF
DIRECTORS
Experienced Business Leader Brings More Than $1 Billion
in Capital and Development Experience to Golden Pursuit
as Company Prepares for Major Gordon Lake Exploration
Program
VANCOUVER, B.C. — August 11, 2026 — Golden Pursuit Resources Ltd. (TSXV: GDP)
(“Golden Pursuit” or the “Company”) is pleased to announce the appointment of Charles
“Chuck” Westgard to its Board of Directors, effective immediately.
Mr. Westgard brings more than 40 years of business, investment, development and leadership
experience, including experience positioning and managing more than $1 billion across real
estate projects and financial ventures and directing or participating in the development and
sale of more than 5,000 residential and commercial units in Canada and the United States.
Golden Pursuit believes the addition of Mr. Westgard significantly strengthens the Company's
Board as it prepares for the next stage of exploration and development at its 100%-owned
Gordon Lake Gold Project in the Northwest Territories.
Strengthening Golden Pursuit for Its Next Stage of Growth
Golden Pursuit is entering an important phase in the advancement of Gordon Lake. The
Company is planning an expanded exploration program utilizing modern geophysical techniques,
geological interpretation and targeted diamond drilling to further define known gold
mineralization and test multiple exploration targets across the property.
The Company is also preparing for a larger financing program to support the next phase of
exploration and development at Gordon Lake, with the objective of advancing the project
toward an economic evaluation as exploration results warrant.
Mr. Westgard's extensive experience in capital allocation, project development, investment
strategy and business management provides Golden Pursuit with additional expertise as the
Company evaluates the capital requirements and strategic opportunities associated with this next
phase.
Brian McClay, President of Golden Pursuit, stated:
“We are delighted to welcome Chuck Westgard to the Board of Golden Pursuit. His more than
40 years of entrepreneurial and business experience, including positioning and managing more
than $1 billion across a broad range of development and financial ventures, brings a level of
strategic and capital-management experience that will be extremely valuable to Golden Pursuit.”
“We are at an exciting point in the evolution of the Company. Gordon Lake has multiple known
gold occurrences, significant exploration upside and the potential to develop into a substantial
gold project. Our immediate focus is on expanding our exploration program and preparing for
the next stage of drilling and project advancement. Chuck's experience in capital formation,
project development and strategic business management strengthens our team as we move
toward that objective.”
Gordon Lake Gold Project
Golden Pursuit's flagship Gordon Lake Gold Project is located approximately 80 kilometres
northeast of Yellowknife, Northwest Territories, and is 100% owned by the Company.
The project encompasses a large land position prospective for Archean orogenic, turbidite-
hosted gold mineralization, with multiple known gold occurrences and areas requiring
additional systematic exploration.
The Company's exploration strategy is focused on applying modern geophysical and geological
techniques to refine drill targets and then systematically test these targets through diamond
drilling.
Golden Pursuit believes that Gordon Lake provides an opportunity to build on an established
exploration database while utilizing modern exploration technology to identify and expand
potentially significant zones of gold mineralization.
A Proven Record of Building and Managing Major Projects
Mr. Westgard is a British Columbia-based real estate developer and community leader. He is a
principal of Westgard Developments and serves on the boards of numerous companies, where he
is recognized for his business strategy, investment perspective and leadership.
Over his career, Mr. Westgard has directed and participated in the development and sales of
more than 5,000 residential and commercial units in Canada and the United States and has
positioned and managed more than $1 billion in real estate projects and financial ventures.
Prior to focusing on development, Mr. Westgard spent approximately 20 years as a licensed
REALTOR® in South Surrey, British Columbia.
Born and raised in British Columbia, Mr. Westgard attended the University of Washington on a
full athletic scholarship, studying business and economics. He subsequently represented Team
Canada internationally and played professional baseball in the New York Yankees organization.
Mr. Westgard has also demonstrated a longstanding commitment to community leadership. He
served as head coach of the White Rock Renegades women's fastpitch softball program for 15
years, leading his teams to seven national championships and five provincial titles. Both Mr.
Westgard and the 1991 Renegades team have been inducted into the Softball BC Hall of Fame,
and he is also a member of the Delta Sports Hall of Fame.
In 2010, Mr. Westgard acquired the Surrey Eagles of the BC Hockey League with childhood
friends, former NHL defenceman Gary Nylund and Boston Bruins executive Scott Bradley. He
subsequently became sole owner and president of the Surrey Eagles in 2014, a position he held
for 12 years.
Charles Westgard stated:
“I am very pleased to join the Board of Golden Pursuit at what I believe is an important stage in
the Company's development. The Gordon Lake project presents an exciting exploration
opportunity, and I look forward to working with Brian and the Board to advance the project and
build shareholder value.”
“My experience has been focused on identifying opportunities, assembling the right teams,
allocating capital and advancing projects from concept through development. I believe those
skills can be valuable as Golden Pursuit moves into its next phase of exploration and evaluates
the opportunities available at Gordon Lake.”
The Company also announces that it has granted to Mr. Westgard the right and option to purchase
300,000 common shares of the Company at $0.26 per common share exercisable in whole or in
part on or before August 11, 2029.
About Golden Pursuit Resources Ltd.
Golden Pursuit Resources Ltd. (TSXV: GDP) is a Canadian mineral exploration company
focused on the acquisition, exploration and advancement of prospective mineral properties in
Canada.
The Company's principal asset is its 100%-owned Gordon Lake Gold Project, located
approximately 80 kilometres northeast of Yellowknife in the Northwest Territories.
Golden Pursuit is focused on systematically advancing Gordon Lake through modern
geophysical surveys, geological interpretation and targeted diamond drilling, with the objective
of expanding known mineralization and identifying additional high-grade gold zones.
The Company intends to maintain a disciplined approach to capital allocation while pursuing
exploration and development opportunities capable of creating significant long-term value for
shareholders.
ON BEHALF OF THE BOARD OF DIRECTORS
Brian McClay
President
Golden Pursuit Resources Ltd.
For further information, please contact:
Golden Pursuit Resources Ltd.
Email: [email protected]
Telephone: 604-730-6982
Website: www.goldpursuit.ca
Forward-Looking Information
This news release contains forward-looking information within the meaning of applicable
Canadian securities legislation. Forward-looking information includes, but is not limited to,
statements regarding the Company's plans and objectives for the Gordon Lake Gold Project,
planned exploration and drilling programs, potential financing, future technical studies, the
potential of the Company's mineral properties and the Company's ability to create shareholder
value.
Forward-looking information is necessarily based on a number of estimates and assumptions
that, while considered reasonable by management at the time of such statements, are inherently
subject to significant business, economic and competitive uncertainties and contingencies. Such
assumptions include, among other things, assumptions regarding the availability of financing, the
success of exploration activities, the continuity and extent of mineralization, the receipt of
required permits and regulatory approvals, future commodity prices and the Company's ability to
execute its business plans.
There can be no assurance that such forward-looking information will prove to be accurate, and
actual results and future events could differ materially from those anticipated in such
information. Readers are cautioned not to place undue reliance on forward-looking information.
Golden Pursuit undertakes no obligation to update forward-looking information except as
required by applicable securities laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.