WESCAN GOLDFIELDS INC. RECEIVES DRILL PERMIT FOR MUNRO LAKE PROJECT AND ADVANCES 2026 EXPLORATION PLANS

Wescan Goldfields Inc. has secured a three-year drill permit for its Munro Lake Project in northern Saskatchewan, enabling the company to initiate Phase 1 of its 2026 exploration program. The initial phase comprises up to 2,000 metres of helicopter-supported diamond drilling designed to follow up on high-grade historical intercepts from 2013, such as 67.1 g/t Au over 1.00 m, and to test surface grab samples across a ~7 km strike length.

To refine structural interpretations and drill targeting, the company has contracted geophysical surveys, including UAV magnetic and LiDAR data collection. Technical services for the project are provided by Dahrouge Geological Consulting Ltd. The Munro Lake Project is located approximately 7 km northeast of SSR Mining's Seabee mine, situated within the same structural corridor. This exploration activity follows the successful closing of a $2.5M private placement in June 2026, which funded the 2026 exploration program.

Wescan Goldfields Inc. (WGF) received a drill permit, a routine milestone following the April 2026 financing announcement and the June 2026 closing of its private placement. This development confirms management's stated plan to advance the Munro Lake project in 2026. The news is incremental and operational, introducing no new geological data, financial results, or strategic partnerships. Given the company's pre-revenue status and reliance on equity financing, the permit validates the use of proceeds but does not materially alter the investment thesis or risk profile.

Wescan Goldfields Inc. is a pre-revenue junior explorer focused on a portfolio of gold projects in the La Ronge Greenstone Belt, Saskatchewan. The company’s flagship project is Munro Lake, where historical 2013 drilling intersected high-grade gold, including 67.1 g/t Au over 1.00 m. The project is strategically located near SSR Mining's Seabee mine.

The portfolio also includes Jojay Lake, which holds an Indicated resource of 420k tonnes at 3.7 g/t Au, and Fork Lake, the site of the historic Jasper mine that produced 155k tons at 0.54 oz/t Au in the 1990s. All properties are 100% owned. The company relies on equity financing for all operations and exploration.