WEST Vault Announces Normal Course Issuer Bid

SUITE 838 – 1100 MELVILLE STREET, VANCOUVER, B.C. CANADA V6E 4A6 TEL: 604-685-8311 FAX: 604-484-4710 WWW.WESTVAULTMINING.COM

News Release No. 150-2023

April 3, 2023

WEST VAULT ANNOUNCES

NORMAL COURSE ISSUER BID

VANCOUVER, BRITISH COLUMBIA, April 3, 2023 – West Vault Mining Inc. (TSXV:WVM,

OTCQX:WVMDF) (“West Vault” or the “Company”) announces that the Company intends to renew its

Normal Course Issuer Bid (“NCIB”) after its existing NCIB expires on April 10, 2023.

Subject to TSX Venture Exchange (“TSXV”) approval, t he Company intends to purchase up to 2.9

million common shares under the terms of the renewed NCIB, representing approximately 5% of the

58,138,670 outstanding common shares of the Company (the “Common Shares”) as of April 3, 2023.

Purchases under the renewed NCIB may commence on about April 11, 2023, and terminate on the

earlier of the Company purchasing a total of 2.9 million Common Shares, the Company providing a

notice of termination, or on April 10, 2024. All purchases will be made through the facilities of the TSXV

at market prices and otherwise in accordance with the rules and policies of the TSXV. All Common

Shares acquired by the Company under the renewed NCIB will be subsequently canceled. The price

which the Company will pay for any such Common Shares will be the prevailing market price at the

time of purchase. The funding for any purchase pursuant to the renewed NCIB will be financed out of

the unallocated working capital of the Company. PI Financi al Corp. will continue to conduct the

renewed NCIB on behalf of the Company . The Company intends to utilize the renewed NCIB at its

discretion to make opportunistic purchases to create shareholder value and manage the number of

outstanding common shares.

The board of directors of the Company has authorized the renewed NCIB as such purchases constitute,

in their opinion, an appropriate use of funds which will benefit both the Company and its shareholders.

Under the existing NCIB, the Company obtained approval to purchase up to 2,904,512 Common

Shares and actually purchased 335,000 Common Shares at an average price of approximately $0.98

per Common Share for a total cash consideration of $326,735 through the facilities of the TSXV.

On behalf of the Board of West Vault Mining Inc.

Frank R. Hallam

Chief Financial Officer

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

by email at [email protected].

Investor Relations:

Sandy McVey, CEO

(604) 685 8311 / [email protected]

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SUITE 838 – 1100 MELVILLE STREET, VANCOUVER, B.C. CANADA V6E 4A6 TEL: 604-685-8311 FAX: 604-484-4710 WWW.WESTVAULTMINING.COM

Disclaimer for Forward-Looking Information

This press release may contain 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 expression s, or are those, which, by their nature, refer to future events. All

statements that are not statements of historical fact are forward -looking statements. Forward-looking

information in this news release includes, without limitation , statements regarding the Company's

intention to commence its renewed NCIB, the potential purchases of Common Shares for cancellation

under the renewed NCIB program, and the anticipated timing and the extent of such purchases under

the renewed NCIB program. Although West Vault believes that such information as set out in this press

release is 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

materially from those in forward-looking information as a result of various factors, including the state of

the financial markets for the Company's equity securities. The reader is referred to the Company's

public filings for a more complete discussion of its risk factors and their potential effects which may be

accessed through the Company's profile on SEDAR at www.sedar.com.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the

TSXV) accept responsibility for the adequacy or accuracy of this release.