West Point Gold Provides Summary of Transformative 2025 and 2026 Outlook

05.01.2026  |  Newsfile

Vancouver, January 5, 2026 - West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) ("West Point Gold" or the "Company") is pleased to report the highlights from what was a transformative 2025 and an update on its 2026 plans.

"2025 was a transformative year for West Point Gold. Our team delivered significant exploration results at Gold Chain, increasing our exploration target and adding to the Company's Nevada portfolio with the Baxter Spring acquisition," stated Derek Macpherson, President & CEO. "The continuity and grade improvement at NE Tyro, a strong balance sheet, and an expanded drill program have West Point Gold well-positioned to deliver a maiden resource in 2026 and unlock further value for shareholders. The precious metals market remains robust, and we remain committed to aggressive, systematic exploration. We thank our shareholders for their continued support and look forward to an exciting 2026."

Highlights from 2025:

• Drilled over 9,000 m in 2025, positioned to drill even more in 2026
• Discovered and started delineating a new high-grade zone at northeast (NE) Tyro
• Announced an updated exploration target, improving the expected grade of the Tyro Main Zone
• Added a new advanced stage exploration project in Nevada, Baxter Spring
• Strengthened the balance sheet with gross proceeds of C$13M from financings, warrant and option exercises in 2025.
• A combination of exploration success and a strong balance sheet has resulted in the ongoing drill program being expanded to 15,000 m with the addition of a second drill rig

Expected Catalysts for 2026

• Assay results from the ongoing, expanded drill program at Gold Chain
• Maiden resource estimate for Tyro Main Zone.
• Additional metallurgical testing results (Q1 2026).
• Permitting approvals for drilling at Jefferson Canyon.

Gold Chain Project (Arizona) Highlights:

West Point Gold's flagship Gold Chain Project in Arizona continued to deliver significant results throughout 2025. In 2025, the Company completed 9,131 metres ("m") of drilling at its Gold Chain project.

Drilling in H1 2025 allowed the Company to update its exploration target at the Tyro Main Zone to 19.5 to 31.2 million tonnes grading 2.0 to 3.0 g/t gold in September (press release). The potential tonnage and grade ranges are conceptual in nature. Currently, there is insufficient exploration drilling to define a mineral resource, and it is uncertain if further exploration will result in the exploration target being delineated as a mineral resource. Following the release of the exploration target, the Company started a 10,000 m drilling campaign, subsequently expanded to 15,000 m to both define a maiden resource at Tyro, expand the Tyro Main Zone to depth and test multiple step-out targets at the Gold Chain project.

Key 2025 drill results at Gold Chain include:

• GC25-81: 36.6 m of 7.35 g/t gold (Au) from 161.5 m to 198.1 m, including 25.9 m of 9.95 g/t Au from 167.6 m to 193.5 m, extending the high-grade NE Tyro zone to depth (press release).
• GC25-84: 24.4 m of 5.92 g/t Au at 120.4 m to 144.8 m, including 12.2 m of 10.51 g/t Au at 132.6 m to 144.8 m, 90 m below previous intercepts (press release).
• GC25-83: 16.8 m of 8.30 g/t Au at 158.5 m to 175.3 m, including 6.1 m of 17.61 g/t Au at 167.6 m to 173.7 m, confirming continuity and grade improvement at depth (press release).
• GC25-77 and GC25-78: Near-surface intercepts of 24.4 m at 1.63 g/t Au at 21.3 m to 45.7 m and 22.9 m at 1.56 g/t Au at 24.4 m to 47.2 m, respectively, extending mineralization 100 m northeast (press release).
• GC25-47, GC25-48 and GC25-49: 33.5 m at 5.46 g/t Au at 82.3 m to 115.8 m, 29.0 m at 6.02 g/t Au at 83.8 m to 112.0 m and 30.5 m at 9.05 g/t Au at 110.6 m to 131.1 m, respectively, in the Tyro Main Zone (press release).

These results demonstrate the continuity of mineralization along strike and at depth, but also the presence of broad, high-grade zones typical of low-sulphidation epithermal systems. The NE Tyro zone has shown grade improvement at depth, with coalescing veins and a robust alteration signature.

The Company also completed initial metallurgical testing of the Tyro Main Zone. The preliminary metallurgical bottle roll tests completed in July 2025 indicated gold recoveries up to 86% (press release), with finer grind sizes yielding higher recoveries. Additional metallurgical testing is underway, with results expected in Q1 2026.

Baxter Spring Project (Nevada) Acquisition
In October 2025, West Point Gold finalized the acquisition of the advanced-stage Baxter Spring Project in Nevada's Manhattan Mining District, adding an asset capable of being the cornerstone of its Nevada portfolio. The project, located approximately 40 kilometres south of Kinross's Round Mountain Mine and near the Company's Jefferson Canyon Project, comprises 137 unpatented federal lode claims over 2,829 acres (press release).

Historical exploration at Baxter Spring comprises 128 drill holes, approximately 11,000 m of reverse circulation (RC) drilling, 1,850 m of core drilling, and surface geochemical and geophysical surveys.

Historical drilling on the project is highlighted by:

• 24.4 m at 2.49 g/t Au (BS-22, Homestake Mining, 1982)
• 12.2 m at 60.3 g/t Au, including 3.0 m at 240 g/t Au (BS-8, Homestake Mining, 1982)
• 27.4 m at 1.46 g/t Au (BX-1, Naneco, 1988)
• 7.6 m at 8.81 g/t Au (BX-13, Naneco, 1988)
• 69.0 m at 0.71 g/t Au (BCS-1, Homestake Mining, 1984)

Jefferson Canyon Project (Nevada)
The Jefferson Canyon Project, located near Round Mountain, is being advanced under a strategic exploration and option agreement with Kinross Gold USA Inc. West Point Gold and Kinross continue towards permitting a drill program at Jefferson Canyon.

2025 Corporate Highlights:

• Financings:
  • C$8 million financing closed in June 2025 (press release), adding new key institutional shareholders.
  • C$5.0 million in warrants and options exercised throughout 2025, including C$3.3 million in Q4 2025.
  • As of December 31, 2025, the Company had C$7.4 million in cash.
• Management, Director, and Advisory Additions:
  • Derek Macpherson was appointed President and CEO, transitioning from Executive Chairman (press release).
  • Andrew Bowering was appointed as Director, bringing over 35 years of capital markets and mining experience, including founding Prime Mining (acquired by Torex Gold) and Millennial Lithium (acquired by Lithium Americas) (press release).
  • Anthony Paterson was appointed Chairman, with a background in financing and business development (press release).
  • Mark Reischman joined as Technical Advisor, bringing more than 40 years of experience in the Walker Lane Trend, notably on the Silicon and Merlin Deposits (press release).
  • Axemen Resource Capital was appointed as Strategic Advisor (press release).

2026 Outlook: Exploration Plans, Catalysts, and Strategic Priorities

Gold Chain Project: Aggressive Expansion and Resource Definition
In 2026, West Point Gold will continue its aggressive exploration at Gold Chain, focusing on:

• Completion of the 15,000 m drill program, targeting NE Tyro, Tyro South (1.2 km extension), and multiple step-out targets (Sheep Trail, Black Dyke, Gold Chain Hill, Union Pass Corridor and Frisco Graben).
• Delivery of a maiden resource estimate for Tyro Main Zone.
• Additional metallurgical testing to optimize recovery and processing parameters.
• Permitting for new drill sites on non-patented claims, enabling systematic testing of multiple targets simultaneously.

The addition of a second drill rig in January 2026 will accelerate data collection and resource delineation, positioning the Company for potential economic studies.

Baxter Spring Project
West Point Gold plans to design and permit a 5,000 m drill program at Baxter Spring in 2026, following a comprehensive compilation of historical data, geological modelling, and permitting. The program aims to validate and expand known high-grade zones and establish the project's resource potential.

Jefferson Canyon Project
The effort to permit a maiden drill program at Jefferson Canyon, with the potential for drilling to occur in 2026. Permits and the exploration program are key steps in progressing Jefferson Canyon towards a joint venture. The partnership provides West Point Gold with exposure to a major producer's technical and financial resources, while retaining significant upside through its retained interest and royalty provisions.

Qualified Person
Robert Johansing, M.Sc. Econ. Geol., P. Geo., the Company's Vice President, Exploration, is a qualified person ("QP") as defined by NI 43-101 and has reviewed and approved the technical content of this press release.

About West Point Gold Corp.
West Point Gold is an exploration and development company focused on unlocking value across four strategically located projects along the prolific Walker Lane Trend in Nevada and Arizona, USA, providing shareholders with exposure to multiple discovery opportunities across one of North America's most productive gold regions. The Company's near-term priority is advancing its flagship Gold Chain Project in Arizona.

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FORWARD-LOOKING STATEMENTS:

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events including, among others, assumptions about future prices of gold, silver, and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining government approvals and financing on time, obtaining renewals for existing licenses and permits and obtaining required licenses and permits, labour stability, stability in market conditions, availability of equipment, availability of drill rigs, and anticipated costs and expenditures. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to West Point Gold's ability to complete any payments or expenditures required under the Company's various option agreements for its projects; and other risks and uncertainties relating to the actual results of current exploration activities, the uncertainties related to resources estimates; the uncertainty of estimates and projections in relation to production, costs and expenses; risks relating to grade and continuity of mineral deposits; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; uncertainty related to the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results may vary from those expected; statements about expected results of operations, royalties, cash flows, financial position may not be consistent with the Company's expectations due to accidents, equipment breakdowns, title and permitting matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and regulatory restrictions, including environmental regulatory restrictions. The possibility that future exploration, development or mining results will not be consistent with adjacent properties and the Company's expectations; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); metal price fluctuations; environmental and regulatory requirements; availability of permits, failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; fluctuating gold prices; possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, political risks, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks involved in the mineral exploration and development industry, and those risks set out in the filings on SEDAR made by the Company with securities regulators. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this corporate press release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, other than as required by applicable securities legislation.

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.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279404