Wescan Goldfields Commences Uav Magnetic and Lidar Surveys at Munro Lake Project
NEWS RELEASE
WESCAN GOLDFIELDS COMMENCES UAV MAGNETIC AND LIDAR SURVEYS AT MUNRO
LAKE PROJECT
NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. WIRE SERVICES
Highlights:
• UAV magnetic and LiDAR surveys now underway at Munro Lake to map the faults and
contacts that are favourable targets for gold mineralization
• Approximately 520 line-kilometres on 30-metre flight lines with 300-metre tie lines,
covering 11.6 square kilometres along the 7-kilometre mineralized trend
• Flown by Chase Wood, P.Geo., M.Sc., of TUZO GeoSurveys Corp., whose M.Sc. thesis
mapped the adjacent Seabee/Santoy gold complex**. Chase will apply his local expertise by
also mapping the orientation of the gold mineralization on surface to guide the 2026
drilling
• Survey data to be integrated with historical drilling and surface grab samples* to prioritize
additional drill-ready targets
• Munro Lake lies 7 kilometres northeast of SSR Mining’s Seabee mine and mill complex,
Saskatchewan’s only producing gold operation**
SASKATOON, SASKATCHEWAN – September 16, 2026 – Wescan Goldfields Inc. (TSXV: WGF) (FSE:
W17A) (“Wescan” or the “Company”) is pleased to announce that high-resolution unmanned aerial
vehicle (UAV) magnetic and LiDAR surveys are now underway at its Munro Lake Project in northern
Saskatchewan. The surveys are designed to map the faults and contacts that are favourable targets
for gold mineralization at the project and to refine drill targets along the 7 -kilometre mineralized
trend ahead of the Company’s 2026 drill campaign.
Gold at Munro Lake occurs in quartz veins developed along and adjacent to structural breaks, and
the Company considers the intersections, flexures and dilational jogs along those breaks to be the
most prospective settings for wider or higher -grade mineralization. High-resolution magnetics
resolve these structures through the offset, truncation and alteration of magnetic stratigraphy, while
LiDAR-derived terrain modelling images their surface expression as topographic lineaments, breaks
in slope and outcrop patterns beneath variable overburden. Mapping that structural framework
across the property is the principal objective of the survey.
The magnetic survey also carries the potential to detect mineralized structures directly. Gold -
bearing quartz veins at Munro Lake commonly contain pyrrhotite, a magnetic iron sulphide, which
may produce discrete magnetic responses over individual veins in addition to the broader structural
signature resolved by the survey.
The magnetic survey is being flown on 30 -metre flight lines with 300-metre tie lines oriented
northeast–southwest, broadly perpendicular to the interpreted trend of mineralization, for a total of
approximately 520 line-kilometres. Coverage totals approximately 11.6 square kilometres (1,160
hectares) in a single contiguous block extending along the 7 -kilometre mineralized trend and
encompassing the Northwest, Southwest and Southeast zones (Figure 1); the survey area and flight
line layout are shown in Figure 2. Drone-based magnetics provide much tighter line spacing and
lower flight heights than conventional fixed-wing or helicopter surveys, yielding a level of structural
detail those platforms cannot resolve.
The surveys are being flown by TUZO GeoSurveys Corp. of Calgary, Alberta, under the direction of
Chase Wood, P.Geo., M.Sc., the firm’s Chief Executive Officer. Mr. Wood’s M.Sc. research was
completed on the adjacent Seabee/Santoy gold complex and is titled Structural study of the
auriferous Santoy shear zone, northeastern Glennie domain, Saskatchewan (2016). His familiarity
with the regional geology and the structural style of the Seabee/Santoy corridor is expected to aid in
the rapid interpretation of the Munro Lake data and in translating geophysical anomalies into
practical drill targets**.
In conjunction with the airborne surveys, Mr. Wood will complete limited structural mapping in the
southeast zone, where Wescan’s 2013 diamond drilling intersected 67.1 g/t gold over 1.00 metre***
in drill hole EXML-002 and 7.1 g/t gold over 1.02 metres*** in EXML-001 (see Company news release
dated June 17, 2013). The mapping will measure the strike and plunge of the gold -bearing quartz
veins exposed at surface in this area. Establishing the orientation and plunge of the vein system is
expected to inform the siting, azimuth and dip of holes in the Company’s upcoming 2026 drill
campaign, which is intended to test the extent of the 2013 mineralization down-plunge and along
strike.
When integrated with historical drill holes, surface grab samples*, and geological mapping, these
datasets will allow the Company to refine its structural interpretation, prioritize drill-ready targets
along the trend, and more effectively position future drill holes to test down-plunge extensions and
structurally dilated zones. This workflow bridges the gap between broad reconnaissance and precise
drill planning, helping Wescan lower exploration risk and focus capital on the highest-confidence
targets ahead of subsequent drilling phases.
* Surface grab samples, by their nature, are selective samples and may not represent underlying mineralization.
** Exploration on adjacent or nearby properties does not guarantee that similar mineralization exists on a specific property.
*** True thickness unknown.
Figure 1: Munro Lake Project location and survey area marked in transparent orange
Figure 2: Planned UAV survey coverage showing the area of interest (red), the survey boundary (green)
and the 30-metre flight lines with 300-metre tie lines (blue), NAD83 UTM Zone 13N
Seabee
Mine
Complex
Planned
Survey
Area
Qualified Person
The scientific and technical information contained in this news release has been reviewed and
approved by John Shmyr, P.Geo., of Dahrouge Geological Consulting Ltd., a registered member of
the Association of Professional Engineers and Geoscientists of Sask atchewan. Mr. Shmyr is a
“Qualified Person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral
Projects (“NI 43-101”). Mr. Shmyr has verified the data disclosed in this news release and consents
to the inclusion of the matters based on his information in the form and context in which it appears.
About Wescan Goldfields Inc.
Wescan Goldfields Inc. is a Canadian junior exploration company focused on the exploration and
development of gold projects in northern Saskatchewan. The Company holds a 100% interest in four
gold projects: the Munro Lake Project, located in the Pine Lake greenstone belt adjacent to the
Seabee/Santoy gold camp; and, in Saskatchewan’s historic La Ronge Gold Belt, the Jojay Lake
Project, which hosts the Jojay gold deposit, the Fork Lake Project, which hosts the past-producing
Jasper gold mine, and the recently acquired Lindsay Lake Project.
The Jojay gold deposit is the subject of a 2010 NI 43 -101 compliant mineral resource estimate
completed by A.C.A. Howe International Limited, comprising an Indicated Resource of 420,000
tonnes grading 3.7 g/t gold and an Inferred Resource of 630,000 tonnes grading 4.3 g/t gold (at a 2.0
g/t gold cut-off). The Jasper gold mine was operated by Cameco Corporation in the early 1990s and
produced approximately 155,000 tons at a grade of approximately 18.5 g/t gold prior to its closure.
Shares of Wescan trade on the TSX Venture Exchange under the symbol “WGF”.
Figure 3: Regional setting of the Munro Lake Project, showing the prospective mineralization corridor
extending from SSR Mining’s Seabee and Santoy mines onto Wescan’s claims**
Important Information Regarding Forward-Looking Statements
Information set forth in this news release may contain forward -looking statements. Forward-looking statements are
statements that relate to future, not past, events. Forward-looking statements are often, but not always, identified by the
use of words such as “seek,” “anticipate,” “plan,” “continue,” “estimate,” “expect,” “may,” “will,” “intend,” “could,”
“might,” “should,” “believe,” “scheduled,” “to be,” “will be” and similar expressions. Forward-looking statements in this
news release are based upon the opinions and expectations of management of the Company as of the effective date of
such statements. Although the Company believes that the expectations reflected in such forward-looking statements are
based upon reasonable assumptions, it can give no assurance that those expectations will prove to have been correct.
Forward-looking statements in this news release include, but are not limited to, statements relating to the Company’s
corporate strategy; the Munro Lake Project and its mineralization potential; the anticipated benefits and outcomes of the
UAV magnetic and LiDAR surveys; the refinement of drill targets and the timing and scope of future drilling; and the
Company’s objectives, goals, or future plans with respect to its exploration programs. These forward-looking statements
are subject to numerous risks and uncertainties, including those described in the publicly filed documents of the Company,
available on SEDAR+ at www.sedarplus.ca. Such risks and uncertainties could cause actual outcomes to differ materially
from those anticipated or implied by such forward-looking statements. Accordingly, readers should not place undue
reliance on the forward-looking statements contained in this news release, and such forward-looking statements should
not be interpreted or regarded as guarantees of future outcomes.
Forward-looking statements are based on the Company and its management’s good-faith assumptions relating to the
financial, market, regulatory, and other relevant environments that will exist and affect the Company’s business and
operations in the future. The Company does not give any assurance that the assumptions on which forward -looking
statements are based will prove to be correct, or that the Company’s business or operations will not be affected in any
material manner by those or other factors not foreseen or foreseeable by the Company or management, or beyond the
Company’s control.
The forward-looking statements contained in this news release are made as of the date hereof, and the Company does not
undertake any obligation to update or revise any of the included forward -looking statements, except as required by
applicable securities laws in force in Canada. The forward-looking statements contained herein are expressly qualified by
this cautionary statement.
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.
Contact Information
For further information please contact:
W. Connor MacNeill
Chief Executive Officer
Email: [email protected]
Phone: (306) 244-5480