Aurwest Resources Announces Closing Of Non-Brokered Private Placement

(TheNewswire)

Calgary, Alberta (April 23, 2026) -TheNewswire – Aurwest Resources Corporation(“Aurwest” or the “Company”) (CSE: AWR)is pleased to announce that ithas closed its previously announced non-brokered private placement(the “Private Placement”) forgross proceeds of $248,770 through the issuance of 2,250,668flow-through shares (‘FTShares”) at a price of $0.03 per FT Share and7,725,000 Conventional Units (“Conventional Units”) at a price of$0.025 per Conventional Unit (the “Offering”).

Each FT Share consists of one flow-through common shareissued at a price of $0.03 per common share. Each Conventional Unitconsists of one common share (“Common Share”) and one common share purchasewarrant (each, a “Warrant”) with each Warrant entitling thesubscriber to purchase one additional Common Share at a price of $0.05per Common Share for a period of 24 months from the date of issuancesubject to the Company having the right to force conversion of theWarrants, if at any time from and after the date of issuance, thedaily volume-weighted average trading price of the Company’s commonshares on the CSE, equals or exceeds $0.10 per common share for twenty(20) consecutive trading days.

The proceeds of the Private Placement will be usedprimarily to fund Aurwest’s continuing exploration program at WeaverLake Option and other Canadian exploration expenditures of the Companyand for general corporate purposes.

The Company has paid $6,388.50 in finder’s fees toVentum Financial Corp., Leede Financial Inc. and Raymond James Ltd.pursuant to the Offering (a 7% cash commission).

Participation by insiders of the Company in theOffering constitutes a "related party transaction" withinthe meaning of Multilateral Instrument 61-101 –  Protection of Minority Security Holders inSpecial Transactions (“MI 61-101”).  Atotal of three Insiders participated in the Offering, acquiring atotal of 1,800,000 Units for gross proceeds $45,000. The Company isrelying on exemptions from the formal valuation and minorityshareholder approval requirements of MI 61-101 pursuant to sections5.5(a) and 5.7(1)(a), respectively, as the fair market value of thesecurities issued to, and the consideration paid by, such Insidersdoes not exceed 25% of the Company’s market capitalization.

Closing of the Offering is subject to the Companyreceiving approvals from the Canadian Securities Exchange(“CSE”). All securities sold under the Offering will be subjectto a four month and one day hold period.

The securities offered have not been, and will not be, registeredunder the United States Securities Act of 1933, as amended, (the“U.S. SecuritiesAct”) or any U.S. state securities laws, andmay not be offered or sold in the United States or to, or for theaccount or benefit of, United States persons absent registration orany applicable exemption from the registration requirements of theU.S. Securities Act and applicable U.S. state securities laws.  Thisnews release does not constitute an offer to sell or the solicitationof any offer to buy securities in the United States, nor in any otherjurisdiction.

On Behalf Of Aurwest resourcesCorporation

“Cameron MacDonald”

Interim President and Chief Executive Officer

For Additional Information PleaseContact       

Cameron MacDonald

Telephone: (403) 585-9875

Email:          cmacdonald@aurwestresources.com  

Website: www.aurwestresources.com  

About Aurwest ResourcesCorporation

Aurwest is a Canadian-based junior resource companyfocused on the acquisition, exploration, and development of goldproperties in Canada.

Forward-Looking Information

Statements included in this announcement, includingstatements concerning our plans, intentions, and expectations, whichare not historical in nature are intended to be, and are herebyidentified as “forward-looking statements”. Forward lookingstatements may be identified by words including “anticipates”,“believes”, “intends”, “estimates”, “expects” andsimilar expressions. The Company cautions readers that forward-lookingstatements, including without limitation: the Offering, use ofproceeds from the Offering, certain regulatory and CSE approvals forthe Offering, and certain risks and uncertainties that could causeactual results to differ materially from those indicated in theforward-looking statements. Readers are advised to rely on their ownevaluation of such risks and uncertainties and should not place unduereliance on forward-looking statements. Any forward-looking statementsare made as of the date of this news release, and the Company assumesno obligation to update the forward-looking statements, except inaccordance with the applicable laws.

TheCanadian Securities Exchange has not reviewed and does not acceptresponsibility for the adequacy or accuracy of thisrelease.

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