West Mining Corp. Enters Option Agreement for Mineral Claims Located in Central Quebec

• Most Recent Event: On May 14, 2026, West Mining Corp. entered an option agreement to earn a 100% interest in 16 mineral claims (817.5 hectares) in central Quebec.
• Consideration: The acquisition is funded entirely through equity issuance of up to 7,000,000 common shares over two years (6M initial + milestones). Deemed price is $0.05625 per share.
• Historical Context: This follows a Letter of Intent (LOI) announced on March 30, 2026, for the same project and advisory agreement with Canaccord Genuity Corp.
• Financing History: The company recently closed a private placement in March/April 2026 raising $632,858 via units at $0.0525 (1 share + warrant).
• Corporate Governance: Board appointment of Rachit "Shaun" Saini occurred in January 2026; core properties (Junkers, Spanish Mountain West) remain intact despite option amendments with Upside Gold Corp.

• Dilution vs. Asset Value: The issuance of 7 million shares represents significant dilution relative to the company's recent financing size ($632k raised). At a deemed price of $0.05625, the asset value is approximately $394,000. This is less than half the cash recently raised by shareholders, suggesting the acquisition cost is low but the equity dilution is substantial for a junior explorer.
• Execution Risk: The news confirms the execution of the March LOI. While positive for pipeline growth, it does not introduce new strategic capital or a major partner (e.g., Sprott, Lundin). It is an incremental step in exploration strategy rather than a transformational event.
• Market Expectation: Given the LOI was announced two months prior, this closing was anticipated by the market. The price action has been relatively stable ($0.06-$0.08) since the financing closed, indicating no surprise premium or discount reaction to the news itself yet.
• Data Integrity Warning: A provided transcript references "Westrock Coffee" with EBITDA of $69.7M and beverage operations. This is a critical data mismatch. West Mining Corp. is an exploration company with no disclosed revenue/EBITDA in the news releases. The transcript cannot be used for valuation or financial analysis of this entity, representing a significant risk to data reliability in the provided dataset.

• Core Assets: 100% interest in Junkers Property (north-central BC) and Spanish Mountain West Property (central BC). Retains option on Kena Property via Upside Gold Corp. agreement.
• New Asset: Central Quebec claims (817.5 hectares), subject to earn-in milestones over two years.
• Management: Board includes Rachit "Shaun" Saini, appointed Jan 2026 for operational scaling and capital-raising expertise.
• Advisory: Engaged Canaccord Genuity Corp. for financial advisory services (paid in shares).