Aurwest Resources Announces Execution of Definitive Agreement on Weaver Lake Gold Project

(TheNewswire)

Calgary, Alberta – TheNewswire - April 14, 2026 –Aurwest Resources Corporation (“Aurwest” or the“Company”) (CSE:AWR) is pleased toannounce that the Company has entered intoa Definitive Option and Joint Venture Agreement(the “Agreement”) with Pacific Bay Minerals Ltd. (TSXV: PBM) wherebyAurwest has acquired an option to earn, subject to the satisfaction ofconditions, an undivided interest of up to 50% in the Weaver Goldgold/silver property (the “Transaction”) in British Columbia.

Transaction Summary

Pursuant to the terms of the definitive agreement,Pacific Bay is appointment as the operator of the project inconsideration of payments, issuance of common shares of the Company(“AWR CommonShares”) and exploration work. The Company mayearn up to a 50% undivided interest in the Weaver Lake project up eachof the yearly anniversaries of the signature of the definitiveagreement during a three-year period following the entering into theTransaction. Such payments and AWR Common Shares issuances areallocated as follows (in each case subject to and in accordance withthe rules and policies of the Canadian Securities Exchange “(the“CSE”));

• Upon signing of this Agreement, $10,000 and 500,000shares of Aurwest; (completed); 

• Upon receipt of regulatory approval, payment to PBM of$20,000 worth of common shares of Aurwest based on the 20-day VolumeWeighted Average Price of Aurwest (“VWAP”)  

• On or before the first anniversary of the LOI: $15,000cash; $25,000 worth of Aurwest shares based on the VWAP; and $75,000in exploration work on the Property  

• On or before the second anniversary of the LOI: $20,000cash; $75,000 worth of Aurwest shares based on the VWAP; and anadditional $100,000 in exploration work on the Property.  

• On or before the third anniversary of the LOI: $25,000cash; and $75,000 worth of Aurwest shares based on the VWAP; and anadditional $150,000 in exploration work on the Property. 

The Agreement also contemplates the following:

• Automatic Joint Venture FormationUpon Option Exercise: Upon Aurwest satisfyingall option payments and work commitments, the parties willautomatically form a 50/50 joint venture, with Pacific Bay Mineralsacting as the initial Operator and a two-member Management Committeegoverning major decisions. 

• Existing 3% NSR Royalty with BuydownRights: The Property is subject to a 3.0% NetSmelter Returns Royalty in favour of David Schussler. Pacific Bayretains the right to purchase up to 2% of that royalty at $1.5 millionper 1% increment and holds a right of first refusal on the remaining1%. 

• Dilution Mechanics and MinimumInterest Threshold: If either joint venturepartner fails to fund its share of approved programs post-formation,its interest will be diluted proportionally. A partner whose interestfalls to 15% or below is automatically converted to a 2% NSR royalty,with the other party holding a buyout option on that royalty for$2,000,000. 

• Governance and TransferRestrictions: Major decisions — includingasset dispositions or borrowings exceeding $2,000,000 and litigationsettlements above $500,000 — require unanimous Management Committeeapproval. Neither party may transfer its interest without firstoffering a right of first refusal to the other, and any transfereemust assume all obligations under the agreement. 

Weaver Gold Project

Located in southwestern British Columbia'sprolific East Harrison Lake Belt, the Property hosts strong potentialfor orogenic gold-silver mineralization hosted in structurallycontrolled quartz-carbonate vein systems, with historical explorationyielding impressive high-grade results, including up to 63.77 g/t goldand 2,009.44 g/t silver from trench sampling, and multiple drillintercepts with multi-gram gold and silver over metre-scale widths.

Situated near excellent infrastructure with year-roundaccess via paved highways and forestry roads, the 725-hectare Propertyalso offers secondary upside for magmatic nickel-copper sulphidemineralization, drawing parallels to the nearby Pacific Nickel (GiantMascot) Mine. The Whitehead report concludes that Weaver Lake is aproperty of merit warranting continued exploration, supported by itsfavorable geological setting, confirmed mineralization continuity, anduntapped potential along strike and at depth.

Figure 1 -Location Map                                               Figure 2 - Weaver Gold Prior Drilling & Workings

“The Weaver Gold Project represents and excitingopportunity for Aurwest to get into the gold exploration sector inB.C.,” said Aurwest CEO Cameron MacDonald. “We’re lookingforward to getting to work on this high-potential project.”

Qualified Person

The scientific and technical information containedherein has been reviewed and approved by Mr. David Bridge, P.Geo., anindependent technical advisor to the Company, who is a “QualifiedPerson” as defined in National Instrument 43-101 – Standards of Disclosure of MineralProjects.

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 Acquisition and closingof such, certain regulatory, exchange and/or shareholder approvals forthe Acquisition, 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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