Saturday, September 26, 2026
MiningNewsTerminal
Saturday, September 26, 2026 Admin

WVM.V ·

WEST Kirkland Mining Announces Closing of Non-Brokered Private Placement FOR $1,447,500

Financings

SUITE 788 – 550 BURRARD STREET, VANCOUVER, B.C. V6C 2B5 CANADA / TEL: 604-685-8311 / FAX: 604-484-4710

News Release No. 97-2017

August 16, 2017

Not for dissemination in the United States or to United States newswire services

WEST KIRKLAND MINING ANNOUNCES CLOSING OF NON-BROKERED

PRIVATE PLACEMENT FOR $1,447,500

VANCOUVER, BRITISH COLUMBIA, August 16 , 20 17 – West Kirkland Mining Inc.

(WKM:TSXV) (“West Kirkland” or the “Company”) announces that it has closed a private

placement of common shares of the Company with three shareholders for $1,447,500 at $0.075

per share (the “Private Placement”).

The Company issued 19,3 00,000 shares at a price of $0.075 per share for aggreg ate gross

proceeds of $1,447,500 . There were no finder’s fees or commissions paid on the Private

Placement which was arranged by management with three of the Company’s large shareholders.

Following the Private Placement, Sun Valley Gold Master Fund, Ltd. and Ruffer LLP, on behalf of

its clients, will hold approximately 33.71% and 16.99% respectively of the common shares of the

Company. A third shareholder will beneficially own approximately 9.9% of the common shares of

the Company following the Private Placement.

The Company inten ds to use the net proceeds of the Private Placement for general working

capital, targeted resource expansion drilling, regional exploration, and phase two permitting on its

75% interest in the Hasbrouck Project in Nevada. Clover Nevada LLC, a wholly-owned subsidiary

of Waterton Precious Metals Fund II Cayman, LP, (“Waterton”), owns the remaining 25% interest

in the Hasbrouck Project. Waterton has been funding their 25% share of project expenditures

since September, 2016

The shares sold in this Private Pl acement will be subject to a four -month resale restriction from

the date of closing.

The securities offered pursuant to the Offerings have not been, and will not be, registered under

the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities

laws, and may not be offered or sold in the United States or to, or for the account or benefit of,

U.S. persons absent registration or any applicable exemption from the registration requirements

of the U.S. Securities Act and applicable U.S. state securities laws. This press release shall not

constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor

shall there be any sale of these securities in any jurisdiction in which such offer , solicitation or

sale would be unlawful.

About West Kirkland Mining Inc.

West Kirkland owns a 75% interest in, and a 1.1% net smelter return royalty over the Hasbrouck

Gold Project in Tonopah, Nevada. A Pre-feasibility Study was completed and updated in 2016 for

two open-pit heap-leach mines comprising the Hasbrouck Gold Project. The Pre-feasibility Study

along with construction-level drawings and all federal and state permits for the phase-one Three

…/2

Hills Mine provides a ready-to-construct project. Permitting for the phase-two Hasbrouck Mine is

well advanced.

On behalf of West Kirkland Mining Inc.

“R. Michael Jones”

Chief Executive Officer

For further information, please see the Company’s website at www.wkmining.com or contact us

by email at [email protected].

Investor Relations:

Rob Bruggeman

(416) 884-3556 / [email protected]

Authors and Qualified Persons Statement

Sandy McVey, P.Eng., Chief Operating Officer for West Kirkland, and a non -independent

Qualified Person a s defined by NI 43-101, has reviewed the technical information contained in

this news release and has verified the relevant data. Quality Control and Assay information is as

previously disclosed in the Company’s technical reports.

Disclaimer for Forward-Looking Information

This press release contains forward -looking information or forward -looking statements

(collectively "forward -looking information") within the meaning of applicable securities laws.

Forward-looking information is typically identified by words such as: “believe”, “expect”,

“anticipate”, “intend”, “estimate”, “postulate” and similar expressions, or are those, which, by their

nature, refer to future events. Forward-looking information in this news release includes, without

limitation, the intended use of proceeds, the statements regarding the ability to achieve the

recoveries and the processing capacity of the mines; regulatory processes and permitting;

estimates of gold or other minerals grades; anticipated costs, anticipated sales, project

economics, the realization of expansion and construction activities and the timing thereof;

production estimates and other statements that are not historical facts. Information concerning

mineral resource/reserve estimates and the economic analysis thereof contained in the

prefeasibility study are also forward -looking statements in that they reflect a predict ion of the

mineralization that would be encountered, and the results of mining it, if a mineral deposit were

developed and mined. Although West Kirkland believes that such timing and expenses as set out

in this press release are reasonable, it can give no assurance that such expectations and

estimates will prove to be correct. The Company cautions investors that any forward -looking

information provided by the Company is not a guarantee of future results or performance, and

that actual results may differ ma terially from those in forward -looking information as a result of

various factors, including, but not limited to, the state of the financial markets for the Company's

equity securities, the state of the market for gold or other minerals that may be produced generally,

significant increases in any of the machinery, equipment or supplies required to develop and

operate a mine, a significant change in the availability or cost of the labor force required to operate

a mine, a significant increases in the cost of transportation for the Company’s products, variations

in the nature, quality and quantity of any mineral deposits that may be located, the Company's

ability to obtain any necessary permits, consents or authorizations required for its activities, to

raise the necessary capital or to be fully able to implement its business strategies and other risks

associated with the exploration and development of mineral properties. The reader is referred to

the Company's public filings for a more complete discussion of such risk factors and their potential

effects which may be accessed through the Company's profile on SEDAR at www.sedar.com.

Cautionary Note to U.S. Investors Regarding the Use of Mining Terms

This press release has been prepared in accordance with the securities laws in effect in Canada,

which differ from the requirements of U.S. securities laws. Unless otherwise indicated, all

…/3

resources and reserve estimates included in this press release have been prepared in accordance

with National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43 -101”) and

the Canadian Institute of Mining, Metallurgy, and Petroleum Definition Standards on Mineral

Resources and Mineral Reserves. NI 43 -101 is a rule developed by the Canadian Securities

Administrators which establishes standards for all public disclosure an issuer makes of scientific

and technical information concerning mineral projects. Canadian standards, including NI 43-101,

differ significantly from the requirements of the U.S. Securities and E xchange Commission (the

“SEC”) Industry Guide 7, and resource or reserve information contained herein may not be

comparable to similar information disclosed by U.S. companies. In particular, and without limiting

the generality of the foregoing, “resources” and “reserves” established under NI 43-101 standards

may not qualify as “resources” and “reserves” under U.S. standards. Under U.S. standards,

mineralization may not be classified as a “reserve” unless the determination has been made that

the mineralization could be economically and legally produced or extracted at the time the reserve

determination is made. In addition, under U.S. standards, a “Final” or “Bankable” feasibility study

is required to report reserves, the three -year historical average pric e is used in any reserve or

cash flow analysis to designate reserves and the primary environmental analysis or report must

be filed with the appropriate governmental authority. Disclosure of “contained ounces” in a

resource is permitted disclosure under Ca nadian regulations; however, the SEC normally only

permits issuers to report mineralization that does not constitute “reserves” by SEC standards as

in-place tonnage and grade without reference to unit measures. Accordingly, information

concerning mineral d eposits set forth in this press release may not be comparable with

information made public by companies that report in accordance with U.S. standards.

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.