WGLD.V · 2026-09-09 12:00:00

Western Gold Completes Drilling at First Target and Reports High Grade Surface Sampling Results for Caledonian Gold Project

Drill Results Corporate Updates

Western Gold Completes Drilling at First

Target and Reports High Grade Surface

Sampling Results for Caledonian Gold Project

North Berwick, Scotland--(Newsfile Corp. - September 9, 2026) -

WESTERN GOLD EXPLORATION

LTD. (TSXV: WGLD)

(the "

Company

") is pleased to announce that drilling has been completed at

Coire a'Ghabhalach vein ("

CaG

"), the first target of its maiden drilling campaign at the Caledonian Gold

Project (see Press Release dated 29 June 2026). CaG was defined as a strong drill target through a

programme of channel sampling, backpack drilling, and soil sampling, the results of which are disclosed

below.

The Caledonian Gold Project ("

CGP

") is held through the Glen Lyon Joint Venture (the "

") between the

Company, which holds a 90% interest and acts as the operator, and Acrux Gold, which holds a 10%

interest and owns Cononish, Scotland's first and only producing gold-silver mine (

see Company press

release dated 25 November 2025).

This initial drilling programme is focused on the Lyon area of the

CGP, targeting high-priority prospects identified through the Company's systematic exploration

programme.

"The high-grade gold intervals emerging from surface sampling are exactly what we had hoped to see

and give us real confidence in the targeting work that's gone into this programme," commented Harry

Dobson, Chairman. "We look forward to reporting drill results as they become available."

Highlights:

Drilling of 4 holes for a total of 667m has been completed at CaG, targeting gold anomalies

identified from channel, backpack drill and soil sampling (

Figure 1 below

Veining at CaG exhibit characteristics analogous to mineralisation at the nearby

Cononish mine

Assay results for CaG are expected in October 2026. Drilling is now underway at the second

target, Creag Sheileach.

Polymetallic mineralisation

identified in channel and backpack drill sampling*

1.4m @ 9.94 g/t Au, 1.25% Zn, 1.61% Pb (backpack drill hole CGSD-6)

1.8m @ 7.53 g/t Au, 1.50% Zn, 1.03% Pb (backpack drill hole CGSD-9)

1m @ 12.95 g/t Au, 0.78% Zn, 0.43% Pb (backpack drill hole CGSD-7)

2.5m @ 5.18 g/t Au, 0.34% Pb (channel CGCS-1)

1.1m @ 7.01 g/t Au, 0.20% Zn, 1.19% Pb (backpack drill hole CGSD-8)

Sample locations and full assay results are disclosed in Figure 1 and Table 1 below.

Systematic channel, backpack drill and soil sampling de-risked drill targeting by constraining vein

width, grade continuity, and structural orientation.

Figure 1.

Top

– Aerial imagery of the Lyon and Glen Orchy areas, showing planned drill collar locations

within the Lyon Option application relative to the Cononish gold and silver mine.

Bottom

– Gold-in-soil

heat map (Inverse Distance Weighted) at CaG, overlain with recently completed diamond drill hole

locations (GLDD-01/02/03/04, 'Glen Lyon Diamond Drillhole') and newly reported channel and backpack

drill sample locations. Soil data indicate a possible continuation of the CaG gold structure along strike.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/9801/313558_9f9fc420343728d5_002full.jpg

Geological Overview

The Caledonian Gold Project is situated within the highly prospective Grampian Terrane, a key segment

of the Caledonian mineral belt that stretches from Northern Britain and Ireland to Scandinavia and North

America. This district is already proven for gold, hosting deposits such as Cononish, which sits directly

along strike to the Lyon area as well as Cavanacaw and the significant Curraghinalt deposit (Dalradian

Resources; Measured, Indicated and Inferred Resources > 6 Moz Au – 43-101 Technical Report for the

Curraghinalt Gold Project, Northern Ireland dated June 22, 2018 by SRK Consulting (Canada) Inc.).

The reader is cautioned that mineralisation on adjacent properties is not necessarily indicative

of what can or will be found within any projects upon which the JV may be granted exploration

options.

Coire a'Ghabhalach

Coire a'Ghabhalach hosts a structurally complex zone of polymetallic gold mineralisation characterised

by multi-generational grey to blue-grey quartz-sulphide veins, sericite-chlorite alteration of adjacent

wallrocks, and semi-massive pyrite, galena and sphalerite. Several intervals returned %-level lead and

zinc alongside significant gold and silver values, including 1.40m @ 9.94 g/t Au, 0.82% Pb and 0.63%

Zn (CGSD6) and 1.10m @ 7.01 g/t Au, 1.19% Pb and 0.20% Zn (CGSD8). Backpack drilling returned

multiple additional compelling intercepts across the prospect including 1.8m @ 7.53 g/t Au (CGSD9)

and 1.0m @ 12.95 g/t Au (CGSD7). Channel sampling returned 2.5m @ 5.18 g/t Au including 0.6m @

16.70 g/t Au (CGCS1), reflecting genuine vein width in addition to high-grade gold. Veining and

associated wallrock alteration have been traced over a strike length of at least 180m, with this extent

currently constrained by overburden cover rather than a defined termination of the mineralised system.

All intercepts remain open at depth and along strike.

Appendix

Table 1.

Full Assay Results - Channel Sampling and Backpack Drilling.

Type

Prospect

Sample ID

Easting

Northing

From (m)

To (m)

Interval (m)

Au (g/t)

Au g·m

Ag (g/t)

Coire a'Ghabhalach

CGSD6

232857

739799

0.00

1.40

9.94

13.92

37.6

Coire a'Ghabhalach

CGSD9

232835

739801

0.00

1.80

7.53

13.55

28.1

Coire a'Ghabhalach

CGCS1

232838

739800

0.50

3.00

2.50

5.18

12.95

31.9

Coire a'Ghabhalach

CGSD7

232840

739799

0.60

1.60

1.00

12.95

23.1

Coire a'Ghabhalach

CGSD8

232838

739800

0.00

1.10

7.01

7.71

31.8

Coire a'Ghabhalach

CGCS2

232835

739790

0.00

2.10

3.60

7.56

7.7

Coire a'Ghabhalach

CGSD4

232885

739799

0.00

1.10

1.96

2.16

1.6

Coire a'Ghabhalach

CGCS3

232825

739800

0.00

1.20

1.49

1.78

3.4

Coire a'Ghabhalach

CGSD5

232876

739798

0.00

1.00

1.68

27.9

Coire a'Ghabhalach

CGSD2

232905

739793

0.00

0.80

1.15

0.92

8.4

Coire a'Ghabhalach

CGCS4

232824

739792

0.00

0.80

1.05

0.84

3.8

Coire a'Ghabhalach

CGSD1

232912

739792

0.60

1.60

1.00

0.59

1.7

Coire a'Ghabhalach

CGCS5

232823

739792

0.00

0.50

1.08

0.54

5.1

CS = saw channel sample; DH = backpack drill hole (short orientation hole). Coordinates given in British National Grid (OSGB36), representing

channel/collar location. All intervals represent length-weighted averages calculated using a 0.5 g/t Au cut-off and minimum internal dilution

threshold of 0.01 g/t Au. Au g·m = gram-metres (Au grade × interval length).

About Western Gold Exploration

The Company is a mineral exploration company that is listed on the TSX Venture Exchange under the

symbol "WGLD". The Company is focused on the exploration of gold, silver and critical minerals in

Scotland.

In November 2025, WGLD formed the Glen Lyon Joint Venture (the "

") with Acrux Gold Limited to

explore for gold, silver, and critical minerals as part of the Caledonian Gold Project in central Scotland.

The JV has applied for two Crown Estates Mines Royal Option Agreements (i.e., exploration licences)

across the Tyndrum Mineral District, specifically the Glen Orchy and Lyon areas, which form the

Caledonian Gold Project. The Company also operates at the Lorne Project, which includes both

Lagalochan and Ardlochan prospects, and are located in the highly prospective Lorne Porphyry District

of the wider Caledonian belt.

For further information, please contact:

Ross McLellan, CEO

Phone:

+44 7779 161441

Email:

[email protected]

Website:

www.westerngoldexploration.com

Review by Qualified Person, Quality Control and Reports

David Pym (CGeol), a consultant of the Company, is the Qualified Person (as defined by National

Instrument 43-101) who supervised, verified and approved the scientific and technical disclosure in this

press release on behalf of the Company. The results presented in this press release are from the

Company's own sampling and provide an important validation of historical assays quoted in previous

press releases. Historical assay results have not been checked consistently against assay certificates,

nor is there significant QAQC information available.

Sampling Methods*

Channel samples were collected by cutting a continuous channel of uniform

width and depth across the exposed vein face and are considered broadly representative of true vein

width over the sampled interval. Diamond backpack drill samples are considered analogous to

channel samples in terms of representativeness. All intervals represent length-weighted averages

calculated using a 0.5 g/t Au cut-off and a minimum internal dilution threshold of 0.01 g/t Au over 1

metre. True widths have not been determined in all cases and reported intervals may not represent

true vein widths where vein orientation relative to sample orientation has not been fully constrained.

Each sample was crushed, split, and pulverised prior to analysis. Multi-element geochemistry (48

elements, including silver and base metals) was determined using a four-acid digestion followed by ICP-

MS analysis (method ME-MS61L). Gold was assayed using a 30 g fire assay with an ICP-MS finish,

providing a detection limit of 0.005 ppm (Au-AA23).

All analytical work was undertaken by ALS Global, Ireland. ALS Geochemistry laboratories operate

under a unified Global Geochemistry Quality Manual in accordance with ISO/IEC 17025:2017 and use a

global laboratory information management system (LIMS) to ensure consistent, high-quality, and

reproducible analytical results.

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

timing and receipt of the Crown Estates Mines Royal Option Agreements (i.e., exploration licences)

applied for by the JV, timing and completion of any drilling and work programs on the properties of the

Company and the proposed properties of the JV, estimates of mineralisation from drilling and

sampling, geological information projected from drilling and sample results, potential for minerals

and/or mineral resources, and statements regarding the plans, intentions, beliefs, and current

expectations of the Company and the JV with respect to the future business activities and operating

performance of the Company and the JV 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 forward-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, accuracy of assay results, geological interpretations from drilling

results, timing and amount of capital expenditures; performance of available laboratory and other

related services, future operating costs, and the historical basis for current estimates of potential

quantities and grades of target zones, as well as those risk factors discussed or referred to in the

Company's Management's Discussion and Analysis for the year ended December 31, 2025, and the

period ended June 30, 2026 available at

www.sedarplus.ca

, many of which are 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.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/313558

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