West Mining Corp. Issues Shares under Option Agreement respecting Mineral Claims Located in Central Quebec

• Most Recent Event (May 21, 2026): West Mining issued 6,000,000 common shares to 1538963 BC Ltd. at $0.05625 per share ($337,500 total consideration).
• Purpose: Issuance is part of an existing option agreement dated May 13, 2026, to earn a 100% interest in 16 mineral claims (817.5 hectares) in central Quebec.
• Hold Period: Shares subject to four-month hold period expiring September 22, 2026.
• Historical Context: This issuance fulfills the initial tranche of the Option Agreement announced on May 14, 2026 (which outlined up to 7M shares total over two years).
• Prior Financing: A non-brokered private placement closed March 13, 2026, raising $632,858 via units at $0.0525 with warrants expiring March 2028.
• Advisory Costs: In March 2026, the company issued 2M shares to Canaccord Genuity for advisory services ($100k value).
• Board Changes: Mr. Rachit "Shaun" Saini appointed to Board in January 2026 with operational scaling experience.

• Dilution Impact: The issuance of 6M shares represents significant dilution relative to the float, executed at a price ($0.05625) slightly below the recent trading range ($0.07-$0.08).
• Asset Quality Unknown: The news confirms land acquisition via option earn-in but provides no assay results or mineralization data for the Quebec claims. This is an exploration-stage asset with unproven value.
• Market Reaction: Stock price declined from $0.08 (May 14/15) to $0.06 (May 21 close), indicating the market views this dilution negatively in the absence of immediate geological confirmation.
• Transcript Mismatch Warning: The provided transcript details "Westrock Coffee" financials ($308M sales, EBITDA guidance). This data is irrelevant to West Mining Corp and cannot be used for valuation; reliance on it would constitute a critical error.
• Routine Nature: The transaction was fully disclosed in the May 14 news release. There are no surprises regarding terms or counterparty.
• Risk Profile: High risk due to cash burn (financing needed) and lack of revenue-generating assets.

• Core Assets: 100% interest in Junkers Property (north-central BC), Spanish Mountain West Property (central BC), and Kena Property (subject to Upside option).
• New Acquisition: Option agreement for 16 claims in central Quebec (817.5 hectares) via earn-in from 1538963 BC Ltd.
• Development Stage: Exploration. No production or revenue generation mentioned in news releases.
• Management: Board includes Mr. Rachit "Shaun" Saini (appointed Jan 2026), bringing operational scaling experience.