WESTERN EXPL INC VTG - WEXPF STOCK NEWS

Western Exploration Inc. (TSXV: WEX, OTCQX: WEXPF) has announced the successful closing of a non-brokered private placement, raising approximately C$1,140,000 by issuing 814,286 units at C$1.40 each. The funds will be allocated to further the exploration and development of the Aura Project, along with general corporate purposes. Each unit consists of one variable voting share and a warrant exercisable at C$1.96 for two years. The offering awaits final acceptance from the TSX Venture Exchange.

Western Exploration (TSXV:WEX) (OTCQX:WEXPF) announced assay results from its Phase 1 drill program at the Doby George deposit, part of the Aura gold-silver project in Nevada. Significant findings include 74.22 meters of 1.71 g/t gold in Hole DGC791 and 40.39 meters of 2.18 g/t gold in Hole DGC792. The project has identified a total of 652,271 gold equivalent ounces in indicated resources and 665,357 ounces in inferred resources. The ongoing program aims to expand the current resource boundary, with nine core holes completed over 1,138 meters.

Western Exploration Inc. (TSXV: WEX) (OTCQX: WEXPF) announced positive assay results from three drill holes at the Doby George deposit within its Aura project in Nevada. Key highlights include:

• DGC791: 74.22 meters of 1.71 g/t Au, including 30.78 meters of 2.48 g/t Au
• DGC792: 40.39 meters of 2.18 g/t Au
• DGC793: 26.98 meters of 2.12 g/t Au

All holes showed strong continuity of near-surface oxide gold mineralization. The company plans further metallurgical tests following the completion of all nine drill holes.

Western Exploration (TSXV: WEX) (OTCQX: WEXPF) has reported initial assay results from its Doby George Phase 1 drill program, part of the Aura gold-silver project in Nevada. The drilling, conducted between July and September 2022, revealed significant gold intersections, including 23.63 meters of 3.27 g/t gold and 54.56 meters of 2.08 g/t gold. Doby George is identified as one of Nevada's highest-grade undeveloped resources, with extensive infrastructure and favorable geology for mining. The project contains approximately 1.3 million gold equivalent ounces across multiple deposits.

Western Exploration Inc. (WEXPF) has released initial assay results from its Phase 1 drill program at the Doby George deposit, part of the Aura Project in Elko County, Nevada. Drill highlights include DGC789 intersecting 20.88 meters of 1.41 g/t Au and 23.63 meters of 3.27 g/t Au, while DGC790 intersected 54.56 meters of 2.08 g/t Au. CEO Darcy Marud emphasized the potential for high-quality, high-grade oxide gold mineralization, suggesting resource expansion possibilities. Assay results for seven remaining drill holes are still pending, with metallurgical tests expected by Q2 2023.

Western Exploration Inc. (TSXV: WEX, OTCQX: WEXPF) has amended its share structure, changing the name of its outstanding shares from 'Common Shares' to 'Variable Voting Shares' to comply with U.S. regulations for foreign private issuers (FPI). This change aims to reduce compliance costs and clarify share voting rights without altering shareholder rights. Due to the Voting Reduction triggered by U.S. shareholder holdings exceeding 50%, each Variable Voting Share held by U.S. residents will have reduced voting power, decreasing from 23,371,969 votes to 7,292,054 votes.

Western Exploration (TSXV:WEX) (OTCQX:WEXPF) has initiated its 2022 diamond drill program at the Aura gold-silver project in Nevada. The company, which operates a 6,000-hectare site, benefits from a partnership with Agnico Eagle Mines, which has invested over US$14 million. The Phase 1 Drill Program aims to conduct large diameter core drilling to assess areas around the Doby George deposit, which has favorable metallurgical results. The project holds significant resources, with a report indicating over 652,000 gold equivalent ounces.

Western Exploration Inc. (TSXV: WEX; OTCQX: WEXPF) has officially started its 2022 diamond drill program at the 100% owned Aura Project in Elko County, Nevada. This Phase 1 Drill Program consists of approximately 2,000 meters of drilling across 10 to 12 drill holes at the Doby George mineral deposit. The main objectives are to validate current mineral resources, explore expansion potential, and conduct metallurgical testing. The results will inform the Phase 2 exploration program, which aims to progress towards a pre-feasibility study.

Western Exploration Inc. (TSX-V: WEX, OTCQX: WEXPF) has announced the issuance of 1,596,025 stock options and 125,000 Restricted Share Units (RSUs) to directors, officers, employees, and consultants under its equity incentive plan. Each stock option is exercisable at $2.65 per share for a period of five years. The vesting schedule includes half immediately, one quarter at 12 months, and the remaining quarter at 24 months. These securities are subject to TSX Venture Exchange regulations and a four-month hold period as per Canadian securities laws.