Wescan to Seek Approval of Proposed Share Consolidation

NEWS RELEASE May 12, 2020

Stock Symbol: WGF: TSX-V Saskatoon, Saskatchewan

WESCAN TO SEEK APPROVAL OF PROPOSED SHARE CONSOLIDATION

Wescan Goldfields Inc. ("Wescan" or the " Company”) announces that it intends to seek the approval of

shareholders at an annual general and special meeting to be held on June 9, 20 20 (the " Meeting”) to

consolidate of all of the common shares in the capital of the Company (the " Common Shares”). The

approval sought will be the consolidation of the Common Shares on the basis of a ratio not greater than one

new share for ten old shares (the " Consolidation”), with such ratio to be determined by the board of

directors of Wescan (the "Board").

The proposed Consolidation is subject to shareholder approv al and supporting documentation being

accepted for filing by the TSX Venture Exchange. In conjunction with the proposed Consolidation, Wescan

also intends to seek the approval of shareholders to change of the name of the Corporation to such name as

the Corporation’s Board of Directors, in its sole discretion, determines.

Wescan is a Canadian -based corporation engaged in the acquisition, exploration and development of

mineral properties. Common Shares trade on the TSX Venture Exchange under the trading symbol "WGF".

Caution Regarding Forward-Looking Statements

Certain statements contained in this press release constitute forward-looking statements in respect of the Meeting and the proposed

Consolidation. These forward-looking statements are based on Wescan's current beliefs as well as assumptions made by and

information currently available to Wescan. Although management considers these assumptions to be reasonable based on

information currently available to it, they may prove to be incorrect. By their very nature, forward-looking statements involve

inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other forward-

looking statements will not be achieved. We caution readers not to place undue reliance on these statements as a number of

important factors could cause the actual results to differ materially from the beliefs, plans, objectives, expectations, anticipations,

estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, developments

in world gold markets, changes in exploration plans due to exploration results and changing budget priorities of Wescan, the effects

of competition in the markets in which Wescan operates, the impact of changes in the laws and regulations regulating mining

exploration and development, judicial or regulatory judgments and legal proceedings, operational and infrastructure risks and the

additional risks identified in the management discussion and analysis section of our interim and most recent annual financial

statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulation.

For further information: [email protected] or (306) 664-2202

www.wescangoldfields.com

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

Exchange) has reviewed or accepts responsibility for the adequacy or accuracy of this release."