Western Exploration - WEXPF STOCK NEWS

Western Exploration (OTCQX: WEXPF) has been named to the 2025 OTCQX® Best 50, a prestigious ranking of top-performing companies on the OTCQX Best Market. The ranking evaluates companies based on an equal weighting of one-year total return and average daily dollar volume growth during 2024.

CEO Darcy Marud expressed honor at the recognition, highlighting the OTCQX's important role in providing exposure to U.S. markets and investors, particularly valuable for a company advancing a project within the United States.

The OTCQX Best Market is designed for established, investor-focused companies meeting strict criteria, including high financial standards, best practice corporate governance, and securities law compliance.

Western Exploration (WEXPF) has announced additional assay results from its 2024 core drilling program at the high-grade Jarbidge rhyolite discovery near the Gravel Creek resource. The drilling program has expanded the high-grade vein corridor to a minimum of 350 meters on strike and 250 meters on dip.

Key highlights include intercepts of 1.53 meters at 19.98 g/t AuEq in WG462 and 1.13 meters at 12.0 g/t AuEq in WG461. The program consisted of five oriented core holes, with all holes intersecting multiple vein/breccia zones with +10.0 g/t AuEq values. Notable results include individual assays of up to 46.1 g/t Au and 4,630.0 g/t Ag in WGC461.

The new high-grade area is located less than 200 meters east of the current Gravel Creek mineral resource, which contains 245k AuEq indicated ounces at 5.81 g/t AuEq and 443k AuEq inferred ounces at 5.02 g/t AuEq. The discovery remains open in all directions and represents significant resource expansion potential.

Western Exploration (WEXPF) has announced additional high-grade assay results from its 2024 core drilling program at the Gravel Creek resource area. The program, consisting of five oriented core holes totaling 3,556 meters, revealed significant gold-silver intercepts including 0.34m @ 33.69 g/t AuEq, 1.04m @ 16.72 g/t AuEq, and 0.55m @ 75.12 g/t AuEq. The drilling confirmed multiple vein-breccia zones with +10.00 g/t AuEq values within the projected structural corridor, extending along a minimum strike length of approximately 300 meters and dip length of 250 meters. Mineralization remains open in all directions, with preliminary interpretation suggesting the vein zones may be widening up dip to the east.

Western Exploration Inc. (TSXV: WEX; OTCQX: WEXPF) has announced positive assay results from its 2024 core drilling program at the Gravel Creek area of its Aura gold-silver project in Nevada. Highlights include:

- Drill results of up to 1.01 meters of 68.32 g/t AuEq and 0.49 meters of 111.54 g/t AuEq

- Four oriented core holes totaling 2,789 meters completed

- Hole WG459 reported individual assays of up to 75.30 g/t Au and 3,080 g/t Ag

- Key intercepts include 3.69 meters of 22.06 g/t AuEq and 6.10 meters of 12.44 g/t AuEq

The results support the potential for resource expansion northeast of the current Gravel Creek deposit. The company believes high-grade veins continue at least 80 meters north of the Discovery Section. Ongoing drilling aims to extend the vein zone and connect with high-grade Au intercepts in an area approximately 550 meters by 350 meters.

Western Exploration announced the closing of a non-brokered private placement, raising approximately CDN $1.7 million from TXAU Ventures. The offering involved 1,603,773 units at CDN $1.06 per unit, each comprising one share and one-half of a warrant. Each warrant allows the purchase of one share at CDN $1.36 within 24 months. The funds will support the pre-feasibility and permitting of the Doby George Deposit and further exploration at Gravel Creek. All securities are subject to a hold period of four months and one day. The offering awaits final TSX Venture Exchange approval.

Western Exploration Inc. (TSXV: WEX; OTCQX: WEXPF) has announced positive metallurgical test results from the Gravel Creek deposit's Jarbidge rhyolite hanging wall zone. Key highlights include:

1. Locked-cycle flotation tests showed 94.8% gold and 89.8% silver recoveries in a combined gravity and flotation concentrate.

2. The combined concentrate was 10.9% of feed weight, averaging 57.1 g/t Au and 1,725 g/t Ag.

3. Gravity concentration before rougher flotation recovered 22.4% of gold and 4.4% of silver in 0.16% of total feed weight, with grades of 920 g/t Au and 5,750 g/t Ag.

4. The flotation concentrate averaged 29.1% sulphide sulphur.

CEO Darcy Marud stated that these results demonstrate a potential path to economic recovery for precious metals at Gravel Creek.

Western Exploration Inc. (TSXV: WEX; OTCQX: WEXPF) has announced a non-brokered private placement of 1,603,773 units at CDN $1.06 per unit, raising approximately CDN $1.7 million. Each unit includes one variable voting share and half a warrant, with each full warrant allowing purchase of one share at CDN $1.36 within 24 months of closing. The offering is fully allocated to TXAU Ventures, , a new strategic investor from Houston, Texas.

The closing is expected around September 24, 2024, subject to TSX Venture Exchange approval. Proceeds will fund a pre-feasibility study of the Doby George Deposit, baseline studies for permitting, and general corporate purposes. Securities will have a four-month hold period post-closing.

Western Exploration Inc. (TSXV: WEX; OTCQX: WEXPF) has granted 1,265,000 stock options to directors, officers, employees, and consultants. These options are exercisable at $1.10 per Common Share for a 3-year period, with a staggered vesting schedule. Additionally, the company issued 150,000 stock options to Peak Investor Marketing Corp. for investor relations services, also exercisable at $1.10 per share for 3 years, with a different vesting schedule. All options are subject to TSXV policies and a four-month hold period in accordance with Canadian securities laws.

Western Exploration Inc. (TSXV: WEX; OTCQX: WEXPF) has initiated its 2024 drill program at the Aura gold-silver project in Nevada. The 4,000 m program targets high-grade Au-Ag veins discovered in 2023 east of the Gravel Creek deposit. Key points:

1. Two core drills will be used for oriented core drilling.
2. 2023 drilling identified a North-South trending zone with multiple high-grade Au-Ag bearing veins.
3. Multiple +20 g/t AuEq intercepts traced along a dip length of over 200 meters.
4. 2024 drilling will bracket the 2023 discovery section with 80-meter step-outs.
5. The program aims to add this new area to future Gravel Creek resource updates.

The company also clarified details about its contract with Peak Investor Marketing Corp. for investor relations services.