West Mining Executes Letter Of Intent For Quebec Mineral Project

• On March 30, 2026, West Mining Corp. announced a non-binding Letter of Intent (LOI) to acquire an exploration project in central Quebec, with a target to execute a binding option agreement by April 30, 2026.
• The proposed option agreement would require the issuance of up to 7,000,000 common shares to the vendor over a two-year period upon exercise.
• Concurrently, the company entered an advisory agreement with Canaccord Genuity Corp., compensating the firm with 2,000,000 common shares valued at $0.05 per share ($100,000 aggregate) for financial advisory and consulting services.
• The advisory shares are subject to a standard four-month statutory hold period.
• The release contains no operational updates, drill results, or binding financial commitments. It is strictly an early-stage corporate development and financing-related announcement.

• The news is dilutive and non-material in the near term. Issuing 2,000,000 shares at $0.05 represents a ~17% discount to the recent $0.06 trading price, directly eroding existing shareholder value.
• The potential 7,000,000-share issuance for the Quebec project is highly dilutive relative to the current ~38.3M share count, representing an ~18% increase in outstanding equity for an unproven, non-binding asset.
• The advisory agreement signals a reliance on external capital markets expertise, likely to facilitate future equity raises rather than advance core exploration.
• No immediate cash inflow or operational catalyst is generated. The announcement aligns with the company's historical pattern of funding operations through equity issuance rather than project advancement.

• West Mining Corp. is a junior exploration company listed on the Canadian Securities Exchange (CSE: WEST) with OTC and European tickers (WESMF, 1HL).
• The company's historical flagship asset was the Kena Property, subject to an option agreement with Upside Gold Corp. that was amended in January 2026 to adjust payment and share issuance timelines.
• The company retains 100% ownership of the Junkers Property and Spanish Mountain West Property in British Columbia, both at the exploration stage targeting copper, gold, and silver.
• The newly announced Quebec mineral project remains unnamed and unverified, with no technical reports, historical drill data, or resource estimates disclosed.
• All properties carry underlying Net Smelter Return (NSR) royalties ranging from 1% to 3%, which can be bought out for cash consideration per the option agreements.