Western GOLD Announces Grant of Stock Options
www.westerngoldexploration.com
TSX Venture: WGLD
WESTERN GOLD ANNOUNCES GRANT OF STOCK OPTIONS
For Immediate Release
North Berwick, Scotland December 8, 2020
WESTERN GOLD EXPLORATION LTD. (TSX Venture – WGLD) (the “Company”) announces the grant of
incentive stock options to acquire a total of 1,775,000 common shares (“Common Shares”) of the Company
at an exercise price of $0.50 per share, such options to vest as to one-half immediately and the remaining
one-half on December 8, 2021. The options expire five years from the date of grant. Options to acquire
1,500,000 Common Shares were granted to directors and officers of the Company and options to acquire
275,000 Common Shares were granted to consultants of the Company.
About Western Gold Exploration
The Company is an exploration company that is listed on the TSX Venture Exchange under the symbol
“WGLD”. The Company is focused on the exploration of mineral properties in Western Scotland and
discovering new opportunities in the Dalradian Belt, targeting historic mines with gold and copper
occurrences in the area to develop an initial resource estimate. Preliminary prospects include the
Stronchullin mine, Gossan Burn and Allt Dearg which are all located in the Knapdale District.
Additional information about the Company is available on SEDAR at www.sedar.com under the Company’s
profile.
For further information, please contact:
Ross McLellan, CEO
Phone: +44 1620 890159
Email: [email protected]
Website: www.westerngoldexploration.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS: This news release
includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-
looking statements include, but are not limited to, statements with respect to the vesting and expiry of options
granted by the Company and other information concerning future events or the intentions, plans and future
action of the Company that may be described herein. Forward-looking statements consist of statements that
are not purely historical, including any statements regarding beliefs, plans, expectations or intentions
regarding the future. Such information can generally be identified by the use of forwarding-looking wording
such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or
similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as
there can be no assurance that the plans, intentions or expectations upon which they are based will occur.
By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and
uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates,
forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and
uncertainties include, among other things, the state of the economy in general and capital markets in
particular, as well as those risk factors discussed or referred to in the Company's Management's Discussion
and Analysis for the period ended September 30, 2020 available at www.sedar.com, many of which are
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beyond the control of the Company. Forward-looking statements contained in this press release are
expressly qualified by this cautionary statement.
The forward-looking statements contained in this press release are made as of the date of this press release.
Except as required by law, the Company disclaims any intention and assumes no obligation to update or
revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made
by, third parties in respect of the matters discussed above.
Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
release.