West Point Gold closes Baxter Spring acquisition

Mr. Aaron Paterson reports WEST POINT GOLD CLOSES THE ACQUISITION OF THE BAXTER SPRING PROJECT IN NEVADA West Point Gold Corp. has completed the acquisition of a 100-per-cent interest in the Baxter Spring project, through the acquisition of Baxter Gold Corp., a private Canadian corporation, and its U.S. subsidiary, pursuant to a share purchase agreement dated Sept. 15, 2025, as previously announced in the company's press release dated Sept. 16, 2025. The Baxter Spring project is in the Manhattan mining district, approximately 40 kilometres south of Kinross's Round Mountain mine and West Point Gold's Jefferson Canyon project, in Nye county, Nevada. The project has seen significant historical work, including 128 drill holes, consisting approximately 11,000 metres of reverse circulation (RC) drilling and 1,850 m of core drilling, along with surface geochemical and geophysical surveys. Historical drilling on the project is highlighted by: 24.4 m at 2.49 grams per tonne gold (BS-22; Homestake Mining, 1982); 12.2 m at 60.3 g/t Au, including 3.0 m at 240 g/t Au (BS-8; Homestake Mining, 1982); 27.4 m at 1.46 g/t Au (BX-1; Naneco, 1988); 7.6 m at 8.81 g/t Au (BX-13; Naneco, 1988); 69.0 m at 0.71 g/t Au (BCS-1; Homestake Mining, 1984). Pursuant to the purchase agreement, West Point Gold has issued 13.5 million common shares of the company valued at 43.5 cents per common share to the shareholders of Baxter. The common shares issued to the shareholders of Baxter are subject to a statutory hold period until Feb. 3, 2026. Further contractual hold periods have been agreed to with the shareholders of Baxter, resulting in no shares being freely tradable after the statutory hold period has elapsed. These contractual hold periods are: 25 per cent (3,375,000 shares) on April 2, 2026; 25 per cent (3,375,000 shares) on Oct. 2, 2026; 25 per cent (3,375,000 shares) on April 2, 2027; and 25 per cent (3,375,000 shares) on Oct. 2, 2027. The acquisition remains subject to the final approval of the TSX Venture Exchange. The data presented in this release for the Baxter Spring project were sourced from a private report prepared for Baxter by Avrom Howard, MSc, PGeo, dated Nov. 30, 2023. Additional data were received from Pilot Gold (USA). Qualified person Robert Johansing, MSc (economic geology), PGeo, the company's vice-president of exploration, is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the technical content of this press release. The qualified person has not completed sufficient work to verify the historical information on the Baxter Spring property, particularly in regard to historical drill results. However, the qualified person believes that prior drilling and analytical results were completed to industry-standard practices at the time they were completed. About West Point Gold Corp. West Point Gold (formerly Gold79 Mines Ltd.) is a publicly listed company focused on gold discovery and development at four prolific Walker Lane trend projects covering Nevada and Arizona, United States. West Point Gold is focused on developing a maiden resource at its Gold Chain project in Arizona while joint venture partner Kinross is advancing the Jefferson Canyon project in Nevada. We seek Safe Harbor.