Westward Gold Announces Adoption of Semi-Annual Reporting

(TheNewswire)

Vancouver, British Columbia, April 23, 2026 – TheNewswire – Westward Gold Inc. (CSE: WG, OTCQB:WGLIF, FSE: IM50) (“Westward” or the “Company”) announces thatit has adopted a semi-annual financial reporting ("SAR") framework,effective immediately. This news release is being issued and filedpursuant to British Columbia Securities Commission Coordinated BlanketOrder 51-933 Exemptions to Permit Semi-Annual Reporting for CertainVenture Issuers ("CBO51-933"). CBO 51-933 allows eligible venture issuers tovoluntarily move from a quarterly to a semi-annual financial reportingframework. The Company’s fiscal year ends on March 31. Under theprovisions of CBO 51-933, the Company will be exempt from therequirements to file Q1 and Q3 financial statements and associatedmanagement's discussion and analysis ("MD&A") for so long asit continues to meet eligibility criteria under CBO 51-933.Accordingly, Westward will not be filing its interim financialstatements and associated MD&A for the three months ended June 30,2026. The Company will also not be required to file any interimfinancial statements and associated MD&A for any subsequentquarters ended June 30 and December 31 in each financial year.

Andrew Nelson, Westward Chief Financial Officer, noted: “Thedecision to transition to semi-annual reporting is consistent withWestward’s commitment to capital management and efficiency; thiswill enable our small team to focus on core business activities whilereducing certain overhead costs including professional and legal fees,and regulatory filing expenses. As an exploration-stage,non-revenue-generating company, we believe semi-annual reporting willcontinue to provide adequate disclosure to investors as to ourfinancial standing. Updating the market regarding project advancement,operations, and strategic developments will remain a top priority forWestward.”

Commitment to TimelyDisclosure

The Company remains committed to timely disclosure and transparencyvia press releases, material change reports, and all other regulatoryand securities exchange requirements, to ensure that investors remaininformed between reporting periods. SAR adoption will not impact theCompany's obligations to provide timely and comprehensivedisclosure of any material events.

About Westward Gold

Westward Gold is a mineral exploration company focused on developingthe Toiyabe Hills Project located in the Cortez Trend area of LanderCounty, Nevada, and the Coyote and Rossi Projects located along theCarlin Trend in Elko County, Nevada. From time to time, the Companymay also evaluate the acquisition of other mineral exploration assetsand opportunities.

For further information contact:

Andrew Nelson
Chief Financial Officer
Westward Gold Inc.
+1 (604) 828-7027

andrew@westwardgold.com

www.westwardgold.com

The Canadian Securities Exchange hasneither approved nor disapproved the contents of this news release.The Canadian Securities Exchange does not accept responsibility forthe adequacy or accuracy of this news release.

This news release contains orincorporates by reference “forward-looking statements” and“forward-looking information” as defined under applicable Canadiansecurities legislation. All statements, other than statements ofhistorical fact, which address events, results, outcomes, ordevelopments that the Company expects to occur are, or may be deemed,to be, forward-looking statements. Forward-looking statements aregenerally, but not always, identified by the use of forward-lookingterminology such as "expect", "believe","anticipate", "intend", "estimate”,“potential”, “on track”, “forecast","budget", “target”, “outlook”, “continue”,“plan” or variations of such words and phrases and similarexpressions or statements that certain actions, events or results“may”, “could”, “would”, “might” or “will” betaken, occur or be achieved or the negative connotation of suchterms.

Such statements include, but may notbe limited to, information as to strategy, plans or future financialor operating performance, such as the Company’s expansion plans,project timelines, expected drilling targets, and other statementsthat express management’s expectations or estimates of future plansand performance.

Forward-looking statements orinformation are subject to a variety of known and unknown risks,uncertainties and other factors that could cause actual events orresults to differ from those reflected in the forward-lookingstatements or information, including, without limitation, the need foradditional capital by the Company through financings, and the riskthat such funds may not be raised; the speculative nature ofexploration and the stages of the Company’s properties; the effectof changes in commodity prices; regulatory risks that development ofthe Company’s material properties will not be acceptable for social,environmental or other reasons, availability of equipment (includingdrills) and personnel to carry out work programs, that each stage ofwork will be completed within expected time frames, that currentgeological models and interpretations prove correct, the results ofongoing work programs may lead to a change of exploration priorities,and the efforts and abilities of the senior management team. This listis not exhaustive of the factors that may affect any of theCompany’s forward-looking statements or information. These and otherfactors may cause the Company to change its exploration and workprograms, not proceed with work programs, or change the timing ororder of planned work programs. Additional risk factors and detailswith respect to risk factors that may affect the Company’s abilityto achieve the expectations set forth in the forward-lookingstatements contained in this news release are set out in theCompany’s latest management discussion and analysis under “Risksand Uncertainties”, which is available under the Company’s SEDAR+profile at www.sedarplus.ca. Although the Company has attempted toidentify important factors that could cause actual results to differmaterially, there may be other factors that cause results not to be asanticipated, estimated, described or intended. Accordingly, readersshould not place undue reliance on forward-looking statements orinformation. The Company’s forward-looking statements andinformation are based on the assumptions, beliefs, expectations, andopinions of management as of the date of this press release, and otherthan as required by applicable securities laws, the Company does notassume any obligation to update forward-looking statements andinformation if circumstances or management’s assumptions, beliefs,expectations or opinions should change, or changes in any other eventsaffecting such statements or information.

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